BCB Normative Instruction No. 675

BCB NORMATIVE INSTRUCTION No. 675, OF OCTOBER 14, 2025

Discloses procedures regarding BCB Resolution No. 188, of February 23, 2022, which defines and consolidates the rules for reserve requirements on funds from savings deposits.

The Head of the Department of Banking Operations and Payment System – Deban, using the authority conferred upon him by art. 23, item I, subitem “a”, of the Internal Regulations 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 discloses procedures regarding the reserve requirements on funds from savings deposits, addressed in BCB Resolution No. 188, of February 23, 2022.

Art. 2 For the submission and consultation of information and movement of funds regarding the reserve requirements on funds from savings deposits, 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 the information addressed in art. 2, institutions must 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 value “7 - Savings deposits”, observing the following codes of the Domain Dictionary:

• I - CodItem “7001 – Free Savings Deposits”;

• II - CodItem “7002 – APE - Funds of Saver Members”;

• III - CodItem “7005 – Free Savings Deposits as of May 4, 2012”;

• IV - CodItem “7006 – APE - Funds of Saver Members as of May 4, 2012”;

• V - CodItem “7009 – Deduction related to real estate credit operations, originated as of October 13, 2025, under the terms of art. 6-A of Res. BCB No. 188/2022”, corresponding to the amount that the institution wishes to use as a deduction from the requirement in the reserve requirements on funds from savings deposits, in the free modality, arising from the contracting of new real estate credit operations;

• VI - CodItem “7011 – Rural Savings Deposits”;

• VII - CodItem “7015 – Rural Savings Deposits as of May 4, 2012”;

• VIII - CodItem “7021 – Peculium Savings Deposits”; and

• IX - CodItem “7024 – Peculium Savings Deposits as of May 4, 2012”.

§ 1 For each of the CodItems 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 as of May 4, 2012.

§ 2 CodItem 7009, described in item V of the caput, must:

• I - be informed only for the last day of the calculation period; and

• II - contain exclusively operations that observe the eligibility rules and parameters provided for in Resolution No. 4,676, of July 31, 2018, as amended by CMN Resolution No. 5,255, of October 10, 2025, in harmony with the criteria of the new model for directing savings deposits.

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 submission within the established deadline of documents, data or information related to reserve requirements, subjecting the institution and its administrators 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 one, the cooperative bank responsible for proving compliance with the requirement, as well as for the collection and payment of financial costs, must contact Deban (Operational Subdivision – Reserve Requirements and Directions – Sucom - telephone: (11) 3491-6758) to receive guidance on 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 BCB Normative Instruction No. 556, of December 2, 2024, published in the Official Gazette of the Union of December 4, 2024, is revoked.)

Art. 7 This Normative Instruction enters into force on the date of its publication.

FÁBIO MARTINS TRAJANO DE ARRUDA

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 shall be preceded by regulatory impact analysis – AIR.

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 referred paragraph).

Therefore, taking into account that it deals strictly with monetary policy, the preparation of AIR does not apply to the Normative Instruction hereby proposed.

FÁBIO MARTINS TRAJANO DE ARRUDA
Head of the Department of Banking Operations and Payment System