BCB Normative Instruction No. 680 — Establishes procedures for reporting information on demand resources collected by credit cooperatives for calculating mandatory reserve requirements

BCB NORMATIVE INSTRUCTION NO. 680, OF
NOVEMBER 11, 2025

Establishes procedures for the provision of information regarding demand resources collected by confederations of central credit cooperatives, central credit cooperatives, and single credit cooperatives, for the purpose of calculating the base for the exigibility of Mandatory Resources, as provided for in
Section 2 (Mandatory), of Chapter 6 (Resources), of the Rural Credit Manual
(MCR).

The Head of the Department of Regulation, Supervision and Control of Rural Credit and Proagro Operations – Derop, and the Head of the Department of Banking Operations and Payment System – Deban, in the exercise of the powers conferred upon them by art. 23, item I, letter “a”, of the Internal Regulations of the Central Bank of Brazil, annexed to Resolution BCB No. 340, of September 21, 2023, and taking into account the provisions of Resolution CMN No. 5,216, of May 22, 2025,

R E S O L V E:

Art.
1º This Normative Instruction publishes procedures regarding the provision of information concerning demand resources collected by confederations of central credit cooperatives, central credit cooperatives, and single credit cooperatives, for the purpose of calculating the base for the exigibility of Mandatory Resources, as provided for in
Section 2 (Mandatory), of Chapter 6 (Resources), of the Rural Credit Manual
(MCR).

§ 1º The information referred to in the caput will be required starting from the calculation period beginning on the first business day of July 2025.

§ 2º The provision of the information referred to in the caput must be carried out in a consolidated manner:

I - by the confederation of central credit cooperatives or by the cooperative bank, when part of cooperative systems organized in 3 (three) levels; or

II - by the central credit cooperative, when part of cooperative systems organized in 2 (two) levels.

§ 3º The Central Bank of
Brazil will publish, in the month prior to the start of each calculation period, a list of the cooperative systems and single credit cooperatives that must send the information referred to in the caput.

§ 4º The cooperative systems and single credit cooperatives must adopt internal controls to monitor the evolution of the accumulated average balance of demand resources during the calculation period.

§ 5º The entities referred to in § 4º, if they come to fall under the exigibility of Mandatory Resources (MCR 6-2), must send, by the end of the month following their classification, the daily statements of the "information provision periods", as provided for in article 4º, whose submission deadlines have already expired, and which are part of the current calculation period.

Art. 2º For sending and consulting information regarding demand resources collected by confederations of central credit cooperatives, central credit cooperatives, and single credit cooperatives, institutions must observe the following procedures:

I - participating institutions of 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. 3º For the provision of the information referred to in art. 2º regarding reference dates from July 1, 2025, institutions must use the message “RCO0002 - IF informs Statement”, from the RCO Services Group, contained in the Catalog of Services of the National Financial System, filling the field “CodRCO” with the value “14- Demand Resources of Cooperatives”.

Sole paragraph. The
CodItems that can be reported in the message referred to in the caput are the same as those defined in art. 3º of BCB Normative Instruction No. 555, of December 2, 2024, except for CodItem 1040, which will not be reported.

Art. 4º The daily statements must be grouped into an “information provision period”.

§ 1º The “information provision period” corresponds to the calculation period of Group “B”, as provided for in art. 17 of Resolution BCB No. 189, of February 23, 2022, regarding the compulsory collection on demand resources, starting on the Monday of one week and ending on the Friday of the following week, with the first “information provision period” starting on June 23, 2025 and ending on July 4, 2025, with balances reported starting from the first business day of July 2025.

§ 2º The institution must provide, by the last business day of the week following the end of the “information provision period”, the daily data referred to in article 3º.

§ 3º The message “RCO0002 -
IF informs Statement” must contain all information relating to, at least, one reference date and, at most, one “information provision period”, including in the case of a change in position, in which case the new information completely replaces the previously provided information.

Art. 5º For the purposes of the provisions of Resolution BCB No. 131, of August 20, 2021, the Central Bank of Brazil will monitor the conduct of institutions regarding the provision and sending, within the established deadline, of documents, data, or information relating to compulsory collections, subjecting the institution and its administrators to the penalties provided for in the current regulation.

Art. 6º The information referred to in art. 1º must be sent to the Central Bank of Brazil:

I - from November 19, 2025, regarding the “information provision period” in effect on that date and subsequent ones; and

II - from November 19, 2025 to December 19, 2025, regarding the "information provision periods" that contain the balances from the first business day of July 2025 to November 7, 2025.

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

CLAUDIO FILGUEIRAS PACHECO MOREIRA FÁBIO MARTINS TRAJANO DE ARRUDA Head of Derop Head of Deban

NOTE

In view of the provisions of
Resolution CMN No. 5,216, of May 22, 2025, subsequently adjusted by Resolution CMN No. 5,227, of June 26, 2025, it is necessary to establish, for the compliance period 2026/2027 and subsequent ones, procedures for the provision of information regarding demand resources collected by confederations of central credit cooperatives, central credit cooperatives, and single credit cooperatives, for the purpose of calculating the base for the exigibility of Mandatory Resources, as provided for in Section 2 (Mandatory), of Chapter 6 (Resources), of the Rural Credit Manual (MCR).

2.                     It is worth highlighting that,  
   

by virtue of art. 24 of Decree No. 10,411, of June 30, 2020, the issuance of normative acts by the bodies and entities of the direct, autarchic, and foundational federal public administration, from October 14, 2021, must be preceded by a Regulatory Impact Analysis - AIR. However, in its article 4º, the aforementioned decree establishes the hypotheses for dispensing with the realization of AIR. This BCB IN falls under the hypothesis provided for in item V, letter “b”, of the caput of art. 4º of Decree No. 10,411, of 2020, as it is a normative act aimed at preserving liquidity, solvency, or soundness of the financial market.

CLAUDIO
FILGUEIRAS PACHECO MOREIRA FÁBIO
MARTINS TRAJANO DE ARRUDA
Head of Derop Head of Deban