BCB NORMATIVE INSTRUCTION No. 470, OF MAY 15, 2024

Normative document repealed, as of 1/1/2025, by BCB Normative Instruction No. 556, of 12/2/2024. Discloses procedures regarding BCB Resolution No. 188, of February 23, 2022, which defines and consolidates the rules for reserve requirements on savings deposit funds. The Head of the Department of Banking Operations and Payment System (Deban), using the powers conferred on him by art. 23, item I, subitem "a", of the Internal Rules of the Central Bank of Brazil, annexed to BCB Resolution No. 340, of September 21, 2023, and in view of the provisions of BCB Resolution No. 188, of February 23, 2022, R E S O L V E S:

Art. 1 This Normative Instruction provides for procedures regarding the reserve requirements on savings deposit funds, addressed in BCB Resolution No. 188, of February 23, 2022.

Art. 2 For the provision of information relating to the reserve requirements on savings deposit funds, institutions must observe the following procedures:

• I - institutions participating in the Reserve Transfer System (STR) with primary access via the National Financial System Network (RSFN): use the RSFN; and

• II - other institutions: use the STR-Web application.

Art. 3 For the provision of information, the following codes of the Domain Dictionary associated with the Catalog of Services of the National Financial System must be used:

• I - institutions participating in the STR with primary access via the RSFN: use the message "RCO0002 - IF informs Statement", of the RCO Services Group, contained in the Catalog of Services of the National Financial System, filling in the field "CodRCO" with the code "7- Savings Deposits", observing the following codes of the Domain Dictionary:

  • a) CodItem "7001 – Free Savings Deposits";

  • b) CodItem "7002 – APE - Funds of Saver Members";

  • c) CodItem "7005 – Free Savings Deposits from May 4, 2012";

  • d) CodItem "7006 – APE - Funds of Saver Members from May 4, 2012";

  • e) CodItem "7011 – Rural Savings Deposits";

  • f) CodItem "7015 – Rural Savings Deposits from May 4, 2012";

  • g) CodItem "7021 – Peculium Savings Deposits";

  • h) CodItem "7024 – Peculium Savings Deposits from May 4, 2012";

  • i) CodItem "7101 – Free Savings Deposits of cooperatives belonging to a cooperative system and eligible for deduction due to the public calamity DLG 36-2024"; and

  • j) CodItem "7111 – Rural Savings Deposits of cooperatives belonging to a cooperative system and eligible for deduction due to the public calamity DLG 36-2024";

• II - other institutions: use the STR-Web application, to inform the data provided for in item I.

§ 1 For each of the CodItens active in the production environment since June 2002, "7001 – Free Savings Deposits", "7002 – APE - Funds of Saver Members", "7011 – Rural Savings Deposits" and "7021 – Peculium Savings Deposits", the amount informed continues to be the balance, on the reference date, of all savings deposits of the respective modality, regardless of whether made before or from May 4, 2012, or whether made by financial institutions eligible or not for the deduction of the requirement, addressed in Annexes I and II of this Normative Instruction. § 2 CodItens 7101 and 7111 must be informed only by the institutions responsible for the reserve requirements of credit cooperatives belonging to a cooperative system, addressed in the sole paragraph of art. 2 of BCB Resolution No. 188, of 2022, considering only the daily balances of the credit cooperatives listed in Annex I of this Normative Instruction. § 3 CodItens 7101 and 7111 must not be informed by the institutions listed in Annex II of this Normative Instruction, and, in the case of these institutions, the deduction of the reserve requirement addressed in art. 6 of BCB Resolution No. 188, of 2022, is applied automatically in the calculation of the requirement. § 4 CodItens 7101 and 7111 will cease to be informed as from the calculation period beginning on October 13, 2025.

Art. 4 For the purposes of the provisions of BCB Resolution No. 131, of August 20, 2021, Deban will monitor the conduct of institutions with regard to the provision and sending, within the established deadline, of documents, data or information relating to reserve requirements, and the institution and its administrators are subject to the penalties provided for in the regulations in force.

Art. 5 In the case of a cooperative system organized on three levels in which the confederation is not a credit confederation, the cooperative bank responsible for proving compliance with the requirement, as well as for the reserve requirement and the payment of financial costs, must contact Deban (Banking Operations Subdivision (Suban) of Deban - telephone: (11) 3491-6758) to receive guidance regarding the operational procedures, during the authorization process for raising rural savings and savings deposits within the scope of the Brazilian Savings and Loan System (SBPE).

Art. 6 The provisions of this Normative Instruction must be observed as from the calculation period beginning on May 13, 2024 and ending on May 17, 2024, whose settlement will occur on May 27, 2024.

Art. 7 The following are revoked:

• I - BCB Normative Instruction No. 240, of March 11, 2022, after its effects have been produced in the calculation period beginning on May 6, 2024 and ending on May 10, 2024, whose settlement will occur on May 20, 2024; and

• II - art. 1 of BCB Normative Instruction No. 281, of April 18, 2022.

Art. 8 This Normative Instruction enters into force on the date of its publication.

ROGÉRIO ANTÔNIO LUCCA

ANNEX I

List of credit cooperatives belonging to a cooperative system eligible for the deduction of the reserve requirement on savings deposit funds pursuant to art. 6 of BCB Resolution No. 188, of February 23, 2022.

System	Financial Institution (Code)	Financial Institution (Name)
Ailos	08075352	COOP TRANSPOCRED
Ailos	16779741	COOP V. ALTO VALE
Credisis	06975532	CREDISIS COOPESA
Credisis	07494300	CREDISIS/CREDISUL COOPERATIVA DE CRÉDITO
Credisis	97259253	CECM MÉDICOS PLANALTO MÉDIO RS - CREDISIS/CREDIPLAN
Cresol	02663426	COOP CRESOL NOROESTE
Cresol	02904125	COOP CRESOL JACUTINGA
Cresol	02904138	COOP CRESOL ÁUREA
Cresol	02910987	COOP CRESOL CENTRO SUL RS/MS
Cresol	03015152	COOP CRESOL SÃO VALENTIM
Cresol	04565791	COOP CRESOL ARATIBA
Cresol	05211129	COOP CRESOL CENTRO NORTE
Cresol	05220243	COOP CRESOL ORIGENS
Cresol	05241145	COOP CRESOL GETULIO VARGAS
Cresol	05863726	COOP CRESOL PLANALTO SERRA
Cresol	05983995	COOP CRESOL COOPERAR
Cresol	06031727	COOP CRESOL ESSENCIA
Cresol	06139650	COOP CRESOL RIO GRANDE DO SUL
Cresol	07215632	COOP CRESOL ALTERNATIVA
Cresol	07252614	COOP CRESOL CONFIANÇA
Cresol	07465539	COOP CRESOL ALTO VALE
Cresol	07512780	COOP CRESOL VALE EUROPEU
Cresol	07958405	COOP CRESOL SERRA MAR
Cresol	08488377	COOP CRESOL MISSÕES FRONTEIRA RS
Cresol	09488496	COOP CRESOL SAO JOAO DO SUL
Cresol	17343510	COOP CRESOL RAIZ
Sicoob	00694389	CCLA SICOOB CREDICARU SC/RS
Sicoob	01389651	CCLA DO PLANALTO CATARINENSE
Sicoob	02090126	CCLA SICOOB VALCREDI SUL
Sicoob	02466552	CC SICOOB VALE SUL
Sicoob	04247370	CC DE EMPRESÁRIOS
Sicoob	04529074	CC SICOOB CREDICAPITAL
Sicoob	04694278	CECM INTEG. MF DP ESTADO RJ
Sicoob	04876393	CCLA TRÊS FRONTEIRAS
Sicoob	05392810	CC REGIÃO MERIDIONAL BRASIL
Sicoob	07097064	COOP SICOOB CONFIANÇA
Sicoob	62795257	CECM EMPR DA MONDELEZ BRASIL PHILIP MORRIS E K&S ALIMENTOS
Sicoob	73326449	COOP LIVRE ADMISSÃO DE ASSOCIADOS SICOOB CRUZ ALTA LTDA
Sicoob	78483310	CCLA ITAPIRANGA
Sicoob	78825023	CCLAA OESTE CATARINENSE
Sicoob	78825270	CCLA MAXI ALFA
Sicoob	78840071	COOP SICOOB CREDIAUC
Sicoob	80959612	CC ALTO VALE DO ITAJAÍ
Sicoob	81014060	CCLAA ITAIPU SICOOB CREDITAIPU
Sicoob	81016131	CCLA VALE DO VINHO
Sicoob	81367880	CCLA SUL CATARINENSE
Sicoob	81607046	CCLAA SAO MIGUEL DO OESTE
Sicoob	89280960	CECM DOS EMPR DAS EMP RANDON
Sicredi	03000142	COOP POL FED - SICREDI POL
Sicredi	03212823	COOP SICREDI MIL
Sicredi	03662047	COOP SICREDI MP
Sicredi	03750034	COOP SICREDI AJURIS
Sicredi	04525997	COOP SICREDI COOPERUCS
Sicredi	19962468	COOP SICREDI COOABCRED RS
Sicredi	87067757	COOP SICREDI CENTRO SERRA
Sicredi	87510475	COOP SICREDI ROTA DAS TERRAS RS/MG
Sicredi	87733077	COOP SICREDI ESSÊNCIA
Sicredi	87733770	COOP. CRED. POUP. INVEST. CONEXÃO
Sicredi	87779625	COOPERATIVA DE CRÉDITO COOPERAÇÃO - SICREDI COOPERAÇÃO
Sicredi	87780268	COOP SICREDI UNIESTADOS
Sicredi	87780284	COOP SICREDI VL JAGUA ZN MATA
Sicredi	87781530	SICREDI INTEGRAÇÃO DE ESTADOS RS/SC/MG
Sicredi	87784088	COOP SICREDI SUL MINAS RS/MG
Sicredi	87795639	COOP SICREDI ALIANÇA RS/SC
Sicredi	87853206	COOP SICREDI OURO BRANCO RS/MG
Sicredi	87900411	COOP SICREDI ESPUMOSO RS/MG
Sicredi	87900601	COOP SICREDI BOTUCARAÍ RS/MG
Sicredi	88038260	COOP SICREDI PLANALTO RS/MG
Sicredi	88099247	COOP SICREDI RAIZES RS/SC/MG
Sicredi	88471024	COOP SICREDI GERAÇÕES RS/MG
Sicredi	88530142	COOP DE CRED E INVEST LIBERDADE - SICREDI LIBERDADE
Sicredi	88894548	COOP SICREDI UNIÃO RS
Sicredi	89049738	COOPERATIVA DE CRÉDITO, POUPANÇA E INVESTIMENTO NOROESTE RS/
Sicredi	89126130	COOP SICREDI REGIÃO DOS VALES
Sicredi	89468565	COOP SICREDI REG PROD RS/SC/MG
Sicredi	89990501	COOP SICREDI IBIRAIARAS RS/MG
Sicredi	90497256	COOP SICREDI INTERESTADOS RS/ES
Sicredi	90608712	COOP SICREDI SERRANA RS
Sicredi	90729369	COOP SICREDI CULTURAS RS/MG
Sicredi	91159764	COOP SICREDI INTEGRAÇÃO RS/MG
Sicredi	91586982	COOP SICREDI PIONEIRA RS
Sicredi	92555150	COOP SICREDI ALT SERRA RS/SC
Sicredi	92796564	COOP SICREDI ORIGENS RS
Sicredi	95213211	COOP SICREDI CAMINHO DAS ÁGUAS RS
Sicredi	95424891	COOP SICREDI VALE DO RIO PARDO
Sicredi	95594941	COOP SICREDI REG CENTRO RS/MG
Unicred	01526924	UNICRED HORIZONTES
Unicred	01635462	CECM DOS MÉDICOS DOS V TAQUARI E RIO PARDO E REG PRO
Unicred	01705236	UNICRED PROSPERAR
Unicred	01796302	UNICRED REGIÃO DOS VALES
Unicred	02641032	UNICRED PONTO CAPITAL
Unicred	07714057	CECM PROF ÁREA NOTARIAL REGISTRAL
Unicred	73750424	CECM UNICRED INTEGRAÇÃO
Unicred	94243839	UNICRED PIONEIRA
Unicred	94433109	CECM MÉD DE PORTO ALEGRE
Unicred	95163002	UNICRED ELEVA
Uniprime	01286361	UNIPRIME PIONEIRA CC
Uniprime	01572667	COOP UNIPRIME SUL LTDA.

ANNEX II

List of banks and independent credit cooperatives eligible for the deduction of the reserve requirement on savings deposit funds pursuant to art. 6 of BCB Resolution No. 188, of February 23, 2022.

System	Financial Institution (Code)	Financial Institution (Name)
Bank	01181521	BCO COOPERATIVO SICREDI S.A.
Bank	01701201	KIRTON BANK
Bank	05040481	BCO DE LAGE LANDEN BRASIL S.A.
Bank	07441209	BANCO MONEO S.A.
Bank	10664513	BCO AGIBANK S.A.
Bank	10690848	BCO DA CHINA BRASIL S.A.
Bank	11476673	BANCO RANDON S.A.
Bank	11970623	BCO SENFF S.A.
Bank	17453575	ICBC DO BRASIL BM S.A.
Bank	33042151	BCO LA NACION ARGENTINA
Bank	33466988	BCO CAIXA GERAL BRASIL S.A.
Bank	61024352	BANCO VOITER
Bank	62144175	BCO PINE S.A.
Bank	74828799	NOVO BCO CONTINENTAL S.A. - BM
Bank	92702067	BCO DO ESTADO DO RS S.A.
Bank	92874270	BCO DIGIMAIS S.A.
Independent Cooperative	03973814	SERVICOOP
Independent Cooperative	03990888	CECM SERV PUBL MUN DE POA
Independent Cooperative	05331882	CECM FUNC DA GKN DO BRASIL
Independent Cooperative	05419025	CECM PROFES EST DA RM DE POA
Independent Cooperative	05591437	CECM SERV PUBL ADM E LEG RS
Independent Cooperative	05841967	CECM FABRIC CALÇADOS SAPIRANGA
Independent Cooperative	43488782	CECM EMPR GRUPO FEMSA BRASIL
Independent Cooperative	82096447	CREDIBRF COOP
Independent Cooperative	88043187	COOPERATIVA DOS EMPREGADOS DA PROLEC GE BRASIL
Independent Cooperative	88183173	CECM EMPREGADO GRUPO PARAMOUNT
Independent Cooperative	88325113	CECM MINUANO
Independent Cooperative	88952130	CECM FUNC GERDAU E AÇOS PIRATINI
Independent Cooperative	90278987	CECM SERV DA ASCAR/EMATER-RS
Independent Cooperative	90560434	CECM METALÚRGICOS POA GDE POA
Independent Cooperative	91018408	CECM DOS FUNCIONÁRIOS DAS EMPRESAS DO GRUPO DANA
Independent Cooperative	92675578	CECM DOS EMPREGADOS DO SISTEMA FIERGS - CRESUL
Independent Cooperative	92825397	COOPCRECE
Independent Cooperative	92935741	CECM EMPR DO BANRISUL

NOTE

Decree No. 10,411, of June 30, 2020, provides, in its art. 3, that the issuance, amendment or revocation of normative acts of general interest to economic agents or users of the services provided, by bodies and entities of the direct, autarchic and foundational federal public administration will be preceded by regulatory impact analysis (RIA).

However, that same decree lists, in the items of § 2 of its art. 3, normative acts to which the aforementioned obligation does not apply, among which we highlight acts "that deal strictly with exchange and monetary policy" (item IV of the aforementioned paragraph).

Therefore, in view of dealing strictly with monetary policy, the preparation of an RIA does not apply to the normative instruction hereby proposed.

Finally, for the purposes of art. 4, sole paragraph, of Decree No. 10,139, of November 28, 2019, note that the entry into force of the normative instruction hereby proposed on the date of its publication is justified by the need to timely provide for procedures related to the deductions established (by means of BCB Resolution No. 379, of May 13, 2024) in the requirement of the reserve requirement on savings deposit funds, due to the public calamity addressed in Legislative Decree No. 36, of May 7, 2024.

ROGÉRIO ANTÔNIO LUCCA
Head of the Department of Banking Operations and Payment System