BCB Resolution No. 188 — Defines and Consolidates Rules for Compulsory Collection on Savings Deposit Funds

This resolution establishes the rules for the compulsory collection on savings deposit funds, setting a 20% rate on the average daily balance of specific accounting rubrics. It defines the calculation period as a single week and mandates daily reporting of values to the Central Bank. Financial institutions failing to maintain the required balance in the collection account incur financial costs calculated using the Selic rate plus a 4% annual surcharge, and must provide justifications for repeated deficiencies. The regulation also outlines remuneration for the collected balances based on the Reference Rate (TR) and specific interest add-ons, while revoking several prior circulars.

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BCB RESOLUTION NO. 188, OF FEBRUARY 23, 2022

Defines and consolidates the rules for the compulsory collection on savings deposit funds.

The Collegiate Board of the Central Bank of Brazil, in a session held on February 23, 2022, based on art. 10, items III and IV, of Law No. 4.595, of December 31, 1964, and on art. 66 of Law No. 9.069, of June 29, 1995,

R E S O L V E:

CHAPTER I
GENERAL RULES

Art. 1 This Resolution provides for the compulsory collection on savings deposit funds.

Art. 2 Multiple banks with real estate credit portfolios, commercial banks, real estate credit societies, savings and loan associations, savings banks, and credit cooperatives authorized by the Central Bank of Brazil to collect savings deposits in accordance with current regulation are subject to the compulsory collection on savings deposit funds.

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Lineage: Amended

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Timeline

Amended 3 times · last 2025-10-10

Source: Banco Central do Brasil — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works