2.

Assistance in the processing of Statement of Affairs (SOA) of banks under liquidation. 3.

Assistance in the processing of selected accounts in the SOA which will be used as data input to
matrix developed by the Risk Management Team of the Department of Economic Research (DER).
My schedule started from 8:00am and ended at 5:00pm every day. My first week at the Bangko
Sentral was personally motivating and enhancing. I have been exposed to the credit report of
thrift banks under the watch of BSP. I was exposed to the preparation of data for analysis
regarding the loans granted and outstanding for Savings and Mortgage Banks (SMBs) as well as
Private Development Banks (PDBs). Among the credit reports of thrift banks I was asked to work
on, I was able to accomplish the processing of generally data provided for the February and March
of 2013. Aside from that, I was also able to observe the dynamics of organization within the
central monetary authority of the Republic of the Philippines. It was indeed a privilege for me to
be a part of the Bangko Sentral as a student trainee as I was also able to become actively involved
at least in a particular way to a function of Monetary Policy which is within Statistical analysis in
nature. I thought that I would be doing just the same thing for the whole duration of the
practicum experience. But then suddenly, during the April General Assembly of the Department,

Maam Rosabel B. Guerrero asked the tr

ainees to present for the Asset Watch Report to be conducted in the next General Assembly which
is in May. After 3 weeks, I, together with my fellow trainees, worked in preparation for the Asset
watch presentation.

Maam Mia of the Flow

of Funds (FOF) Sub Group was the one who is in-charged for the presentation. She guided us in the
course of preparing and summarizing the report and asked us to contribute our own input

particularly in the aspect of economic data analysis explaining the Whys and Hows of the

situation in the different markets. I was given the assignment to report on the Equities and Bonds
Markets which really motivated me to work hard before going in front of the whole DES on the day
of the presentation. I discussed the Cross-Country analysis of Price Earnings Ratio of the
Philippines comparing with other neighbouring countries in the region and the participation share
to PSE value traded between foreign and local investors in our Equities market. In the Bonds
Market, I analysed the implications of the data being presented in terms of Corporate Bond
Issuances and Global Bond Issuances and Outstanding Local Currency Government Bonds and
Outstanding Foreign Currency Bonds in time series. Despite the pressure of given only two days to
prepare the report, this experience has really helped me develop further in my field of interest
and career path as an aspiring professional economist. Afterwards, I was also exposed to the
processing of data for the January to March of 2013 National Government Treasury

Bills/Bonds Authorization under Maam Fe. Then I was

assigned to assist in the Flow of Funds Sub Group since I have already accomplished the needed
TCR (Thrift Banks Credit Report) data processing in MS Excel under the Banking Sub Group. I was
tasked to prepare the data for Statement of Financial Position (Balance Sheet) and Income
Statements of private corporations and its subsidiaries. Then on my last week, I was able to
submit the tasks I have to accomplish to my respective supervisors. I also assisted in organizing
posted bank reports and general files including the Masterlist of Filed Documents for the years
2010, 2011 and 2012. The overall experience for me was very worthwhile. I was able to be
exposed on certain aspects of statistical work that is done in the Bangko Sentral. I was also able to
contribute my knowledge and competencies for the accomplishment of particular tasks in the
Department. Most importantly, I was able to interact with a group of people whom I share my
interests as an individual. I was able to improve my leadership skills, communication, social and
economic training for career growth being able to actively work with other people and exchange
of experiences one way and the other. The Practicum as a course made me more involved in the
actual happenings outside the university, which trained me to apply my theoretical and academic
ideals to the methodologies and specific demands of professional work.

Accomplishment and Contribution

My most important accomplishment and contribution from my practicum to the Bangko Sentral
include:

My participation to the Asset Watch Presentation dealing with the Equities and Bonds Market.

Assisting in the processing of Credit Report of all Thrift Banks nationwide under the regulation of
the Bangko Sentral.
Preparing the data for analysis of the National Treasury Bills/Bonds Authorization as well as the
State of Financial Position and Income Statements of certain private corporations.

Competencies Gained and Learning Experience

I have gained further knowledge and skills in statistical analysis as part of the Department of
Economic Statistics, particularly the role of the Bangko Sentral in regulating banks and private
corporations being assigned to both the Banking Sub-Group and Flow of Funds Sub-Group.

Impact to Field of Specialization

The on-the-job experience I have made in the Bangko Sentral served as a motivation for me to
improve myself and become better as a student of economics and an aspiring professional
economist of the country in the future. The impact that it has made in my field of specialization is
that it contributed to my realization in the significant role that economics plays in the national
development and the improvement of the standards of living of the Filipinos. In that way, it has
given me more interest in the financial aspect of economics and how it relates to the
understanding and better participation of the ordinary Filipinos to the economy of the country.

Conclusion

The practicum experience is worth the time, effort and hard work. The short period of time that I
have spent in the Bangko Sentral contributed a lot to the increase in my awareness, understanding
and practical application of my course to the daily undertaking of the country and every individual
Filipinos. The experience was a wakeup call to my involvement in the realities and opportunities
of our country economically and to be a part of that bright and strong outlook of the future led
me out of my limited theoretical and ideological grounding which were enriched by my practical
experience of a less mathematized and more of realistic foundation of social conditions. The
experience increased my commitment, competence and compassion as a Thomasian AB Economics
student who is soon to become part of the society outside as a working professional