As it was a monetary law, it required the approval of the President of the United States; Franklin D. Roosevelt did not give his.
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This Senate then advocated a new bill that won President Franklin D. Roosevelt's support, this would be the Tydings–McDuffie Act,
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On the evening of September 26, 2012, a Wednesday, the BSP website was hacked by a group named Anonymous Philippines in a protest against the recently passed Cybercrime Prevention Act of 2012.
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The Department of Environment and Natural resources (DENR), the Department of Finance (DOF), the Bureau of Immigration (BI), the Department of Transportation and Communication (DOTC), Bangko Sentral ng Pilipinas (BSP), and the University of the Philippines Los Baños (UPLB) have endorsed the ratification of the HCA.
The obverse side features President Joseph Estrada taking his oath of office on June 30, 1998 in the historic Barasoain Church, the seat of the first democratic republic in Asia shown in the background as well as the scroll of the Malolos Constitution and the seal of the BSP (Bangko Sentral ng Pilipinas).
He was one of the pioneer faculty members of the College of Business Administration, and among the first Filipinos to be sent to the United States for advanced studies in business together with former College of Business Administration deans Jaime C. Laya (who was the 5th governor of the Bangko Sentral ng Pilipinas from 1981 to 1984), Magdaleno B. Albarracin, Jr. (now member of the Board of Regents), and Rafael A. Rodriguez (now Professor Emeritus).
It was one of the many banks formed during the 1990s, when the administration of Fidel V. Ramos and Bangko Sentral ng Pilipinas governor Gabriel Singson encouraged the formation of more banks, a policy since reversed today.
The station is near some major landmarks, such as the Bangko Sentral ng Pilipinas complex, the Harrison Plaza and University Mall shopping centers and the Rizal Memorial Sports Complex, where some of the sports in previous Southeast Asian Games were played.