MALACAÑAN PALACE
MANILA

BY THE PRESIDENT OF THE PHILIPPINES

[ Memorandum Order No. 310-a, November 14, 1972 ]

AMENDING THE COMPOSITION AND TERMS OF REFERENCE OF THE TASK FORCE TO LIQUIDATE THE PHILIPPINE NATIONAL COOPERATIVE BANK

Memorandum Order No. 310, dated 6 November 1972 creating a Task Force to liquidate the operations of the Philippine National Cooperative Bank and to effect the smooth transfer of the net assets of the PNCB to the PNB is hereby amended to include the following:

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Mrs. Carlota Valenzuela, Superintendent of Banks t Central Bank Chairman
Mr. Danilo Ursua, Assistant to the Chairman, Philippine Deposit Insurance Corporation Vice-Chairman
Mr. Victor Macalingcag – Department of Finance Member
Mrs. Josefina V. Segui – Presidential Economic Staff Member
Mr. Fernando Baluyot, Presidential Economic Staff Member
Atty. Alexander Brillantes – Philippine Cooperatives Credit Union League Member

The terms of reference for the Task Force is likewise amended based on the initial report of the original group. Liquidation of the Bank shall now be prosecuted under Sec. 29 of R.A. 265.

You are hereby directed to submit your report two weeks from the date hereof.1aшphi1

By Authority of the President:

(Sgd.) ALEJANDRO MELCHOR
Executive Secretary

Manila, November 14, 1972


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