THE BANGKO SENTRAL

NG PILIPINAS (BSP)
 OVERVIEW OF THE BSP
The Bangko Sentral ng Pilipinas (BSP) is the central bank
of the Republic of the Philippines. It was established on 3
July 1993 pursuant to the provisions of the 1987 Philippine
Constitution and the New Central Bank Act of 1993. The
BSP took over from the Central Bank of Philippines, which
was established on 3 January 1949, as the countrys
central monetary authority. The BSP enjoys fiscal and
administrative autonomy from the National Government
in the pursuit of its mandated responsibilities.
 THE BSP SEAL
The new BSP logo is a perfect round shape in blue that
features three gold stars and a stylized Philippine eagle
rendered in white strokes.
These main elements are framed on the left side with the
text inscription Bangko Sentral ng Pilipinas underscored
by a gold line drawn in half circle.
The right side remains open, signifying freedom,
openness, and readiness of the BSP, as represented by
the Philippine eagle, to soar and fly toward its goal.
Putting all these elements together is a solid blue
background to signify stability.
 PRINCIPAL ELEMENTS
1. The Philippine Eagle, our national bird, is the worlds
largest eagle and is a symbol of strength, clear vision
and freedom, the qualities we aspire for as a central
bank.
2. The three stars represent the three pillars of central
banking: price stability, stable banking system, and a
safe and reliable payments system. It may also be
interpreted as a geographical representation of BSPs
equal concern for the impact of its policies and programs
on all Filipinos, whether they are in Luzon, Visayas or
Mindanao.
COLORS

1. The blue background signifies stability.

2. The stars are rendered in gold to
symbolize wisdom, wealth, idealism, and
high quality.
3. The white color of the eagle and the
text for BSP represents purity, neutrality,
and mental clarity.
FONT OR TYPE FACE
Non-serif, bold for BANGKO SENTRAL NG
PILIPINAS to suggest solidity, strength,
and stability. The use of non-serif fonts
characterized by clean lines portrays the
no-nonsense professional manner of doing
business at the BSP.
SHAPE

Round shape to symbolize the continuing

and unending quest to become an
excellent monetary authority committed
to improve the quality of life of Filipinos.
This round shape is also evocative of our
coins, the basic units of our currency.
 BSP MAIN
COMPLEX

The BSP Main Complex in Manila houses the

offices of the Governor, the Monetary Board and
the different operating departments/ offices. The
Complex has several buildings, namely: 5-Storey
building, Multi-storey building, the EDPC building
and the BSP Money Museum, which showcases
the Bank's collection of currencies.
 SECURITY PLANT
COMPLEX

The Security Plant Complex which is located in

Quezon City houses a banknote printing
plant, a securities printing plant, a mint and a
gold refinery. The banknote printing plant
and the mint take care of producing currency
notes and coins, respectively.
 BSP
REGIONAL
OFFICES

The BSP has three regional offices performing

cash operations, cash administration, loans
and rediscounting, bank supervision and
gold buying operations. These regional offices
are located in La Union, Cebu City and Davao
City.
 VISION
The BSP aims to be a world-class
monetary authority and a catalyst
for a globally competitive
economy and financial system
that delivers a high quality of life
for all Filipinos.
 MISSION
BSP is committed to promote and maintain price
stability and provide proactive leadership in bringing
about a strong financial system conducive to a
balanced and sustainable growth of the economy.
Towards this end, it shall conduct sound monetary
policy and effective supervision over financial
institutions under its jurisdiction.

 OBJECTIVES
The BSPs primary objective is to maintain
price stability conducive to a balanced
and sustainable economic growth. The
BSP also aims to promote and preserve
monetary stability and the convertibility of
the national currency.
 RESPONSIBI
LITIES

The BSP provides policy directions in the

areas of money, banking and credit. It
supervises operations of banks and
exercises regulatory powers over non-
bank financial institutions with quasi-
banking functions.
 FUNCTIONS
Liquidity Management. The BSP formulates and implements monetary
policy aimed at influencing money supply consistent with its primary
objective to maintain price stability.

Currency issue. The BSP has the exclusive power to issue the national
currency. All notes and coins issued by the BSP are fully guaranteed by the
Government and are considered legal tender for all private and public debts.

Lender of last resort. The BSP extends discounts, loans and advances to
banking institutions for liquidity purposes.

Financial Supervision. The BSP supervises banks and exercises regulatory

powers over non-bank institutions performing quasi-banking functions.
 FUNCTIONS
Management of foreign currency reserves. The BSP seeks to
maintain sufficient international reserves to meet any foreseeable net
demands for foreign currencies in order to preserve the international
stability and convertibility of the Philippine peso.

Determination of exchange rate policy. The BSP determines the

exchange rate policy of the Philippines. Currently, the BSP adheres to
a market-oriented foreign exchange rate policy such that the role of
Bangko Sentral is principally to ensure orderly conditions in the
market.

Other activities. The BSP functions as the banker, financial advisor

and official depository of the Government, its political subdivisions
and instrumentalities and government-owned and -controlled
corporations.
BSP'S ORGANIZATIONAL
STRUCTURE AS OF DECEMBER
2014
BSP GOVERNOR
AMANDO M. TETANGCO, JR.
4TH GOVERNOR OF THE BANGKO SENTRAL NG
PILIPINAS
ASSUMED OFFICE SINCE 2005
FIRST APPOINTED TO THE OFFICE BY FORMER
PRESIDENT GLORIA MACAPAGAL ARROYO IN
JULY 2005
REAPPOINTED IN 2011 BY FORMER PRESIDENT
BENIGNO AQUINO III TO SERVE ANOTHER SIX-
YEAR TERM
Executive Management Services the functional grouping of all
units directly reporting to the Monetary Board or to the Governor
Functional Sectors
Monetary Stability Sector- mainly responsible for the
operations/activities related to monetary policy formulation and
implementation
Supervision and Examination Sector mainly responsible for
the regulation of banks and other BSP-supervised financial
institutions
Resource Management Sector mainly responsible for the
management of human, financial, and physical resources of the
Bank
Security Plant Complex responsible for the production of
Philippine currency, security documents, and commemorative
medals and medallions
FACILITIES
Within the complex of the BSP resides a numismatist's
haven - the Museo ng Bangko Sentral ng Pilipinas.
Inaugurated on January 3, 1999, as part of the celebration
of the 50 years of central banking in the Philippines, the
Museo showcases the Bank's collection of currencies.

Also located at the BSP Complex is the BSP Library which

serves the research needs of the Bank officers and staff.
As a public service, however, its collection of BSP
publications are made available to the public.
SOURCE:
http://www.bsp.gov.ph/about/facilities.asp