BCB Resolution No. 485 — Updates Accounting Line Item Nomenclature for Financial Cost Calculation Due to Deficiency in Fulfilling Rural Credit Obligations (MCR 6-5) and Sets Calculation Period for Credit Cooperatives (MCR 6-2)

Resolution No. 485

The current text of the MCR is available at the following electronic address: www3.bcb.gov.br/mcr.

BCB RESOLUTION NO. 485, OF JULY 3, 2025

Updates the nomenclature of accounting line items related to the calculation of financial cost due to deficiency in fulfilling the obligations of rural credit (MCR 6-5) and disposes on the calculation period applicable to confederations of central credit cooperatives, cooperative banks, central credit cooperatives, and singular credit cooperatives subject to the requirement of mandatory resources (MCR 6-2) in the compliance period that begins on the first business day of the month of July 2025 and ends on the last business day of the month of June 2026, as established by CMN Resolution No. 5,216, of May 22, 2025.

The Collegiate Board of the Central Bank of Brazil, in a session held on July 3, 2025, based on arts. 5 and 21 of Law No. 4,829, of November 5, 1965, and having in view the provisions of art. 4 of CMN Resolution No. 5,216, of May 22, 2025, the provisions of CMN Resolution No. 4,966, of November 25, 2021, and the provisions of BCB Normative Instructions Nos. 493 and 498, of July 26, 2024,

R E S O L V E S:

Art. 1 The Section 5 (Calculation and Collection of Financial Cost for Deficiency in Fulfilling Obligations) of Chapter 6 (Resources) of the Rural Credit Manual – MCR shall be in effect with the following changes:

“5 - The RmOpC will be calculated by the Central Bank of Brazil, by adopting the following formula:

, in which:

a)
RdOpC = Income from Credit Operations, observed in the breakdown of subgroup 7.1.1.00.00.00-3 of the Analytical Balance Sheet (Document No. 1) - Cadoc Code 4010 of the financial institution, referring to the months of July to June of the reference agricultural year, subtracted from the income observed, in the same period, in the accounting title:

I

• 7.1.1.42.00.00-5 (Rural Financing Income – Applications with Directed Resources at Sight), when it concerns a deficiency relative to the requirement or sub-requirement of application of mandatory resources;

II

• 7.1.1.43.00.00-8 (Rural Financing Income – Applications with Directed Rural Savings Resources), when it concerns a deficiency relative to the requirement or sub-requirement of application of rural savings resources;
  and

III

• 7.1.1.44.00.00-8 (Rural Financing Income – Applications with Directed LCA Resources), when it concerns a deficiency relative to the direction or sub-direction of application of resources captured through the issuance of LCA;

b)
SOpC = Balance of Credit Operations, observed in subgroup 1.6.0.00.00.00-7 of the Analytical Balance Sheet (Document No. 1) - Cadoc Code 4010 of the financial institution, referring to the months of July to June of the reference agricultural year and subtracted from the balance observed, in the same period, in the accounting title:

I

• 1.6.3.15.00.00-2 (Rural Financing – Applications with Directed Resources at Sight), when it concerns a deficiency relative to the requirement or sub-requirement of application of mandatory resources;

II

• 1.6.3.25.00.00-1 (Rural Financing – Applications with Directed Rural Savings Resources), when it concerns a deficiency relative to the requirement or sub-requirement of application of rural savings resources;
  and

III

• 1.6.3.35.00.00-0 (Rural Financing – Applications with Directed LCA Resources), when it concerns a deficiency relative to the direction or sub-direction of application of resources captured through the issuance of LCA.” (NR)

Art. 2 The Section 8 (Transitional Norms) of Chapter 6 of the MCR shall be in effect with the following changes:

“29 - The Value Subject to Requirement – VSE at sight, relative to the requirement of mandatory resources of confederations of central credit cooperatives, cooperative banks, central credit cooperatives, and singular credit cooperatives, in the compliance period that begins on the first business day of the month of July 2025 and ends on the last business day of the month of June 2026, is the arithmetic mean of the balances registered in the following accounting line items of the Accounting Standard of Institutions Regulated by the Central Bank of Brazil – Cosif, extracted from the Analytical Balance Sheets (Document No. 1) - Cadoc Code 4010 from the base dates of July 2024 to June 2025:

a) from the base dates of July to December 2024:

I

• 4.1.1.00.00-0 Demand Deposits;

II

• 4.5.1.00.00-6 Third-Party Resources in Transit;

III

• 4.9.1.00.00-2 Collection and Collection of Taxes and Similar;

IV

• 4.9.9.05.00-1 Administrative Checks;

V

• 4.9.9.12.10-4 Contracts of Assumption of Obligations - Linked to Operations Carried Out in the Country;

VI

• 4.9.9.27.00-3 Payment Obligations in the Name of Third Parties; and

VII

• 4.9.9.60.00-8 Resources from Realized Guarantees;

b) from the base dates of January to June 2025:

I

• 4.1.1.00.00.00-6 Demand Deposits;

II

• 4.5.1.00.00.00-8 Third-Party Resources in Transit;

III

• 4.9.1.00.00.00-0 Collection and Collection of Taxes and Similar;

IV

• 4.9.9.05.00.00-1 Administrative Checks;

V

• 4.9.9.12.10.00-8 Linked to Operations Carried Out in the Country;

VI

• 4.9.9.27.00.00-5 Payment Obligations in the Name of Third Parties;

VII

• 4.9.9.60.00.00-0 Resources from Realized Guarantees; and

VIII

• 4.1.9.50.00.00-7 Payment Orders in National Currency.” (NR)

“30 - In the calculation of the VSE at sight referred to in item 29, it must be observed that:

a) in the base dates of July to December 2024:

I

• the values registered in the item 4.5.1.85.00-7 Payment Orders in Foreign Currencies must not compose the base of the VSE;

II

• the values registered in the item Third-Party Resources in Transit, subject to the requirement, are balanced with their respective asset counterparts, except that those of essentially debtor origin are not computed for the purpose of balancing;

b) in the base dates of January to June 2025, the values registered in the item 4.5.1.00.00.00-8 Third-Party Resources in Transit, subject to the requirement, are balanced with their respective asset counterparts, except that those of essentially debtor origin are not computed for the purpose of balancing; and

c) when calculated for the cooperative system, the VSE at sight must consider the values of the accounting line items of all financial institutions comprising the system.” (NR)

Art. 3 The confederation of central credit cooperatives, the cooperative bank, the central credit cooperative, and the singular credit cooperative subject to the requirement of mandatory resources in the compliance period that begins on the first business day of the month of July 2025 and ends on the last business day of the month of June 2026, as established in CMN Resolution No. 5,216, of May 22, 2025, must send to the Central Bank of Brazil, by August 22, 2025, a file with the calculation memory of the VSE at sight referred to in Art. 2.

Sole Paragraph. The file cited in the caput must be sent to the corporate mailbox surex.derop@bcb.gov.br, and the data presented will be subject to validation by the Central Bank of Brazil.

Art. 4 This Resolution enters into force on the date of its publication.

GILNEU FRANCISCO ASTOLFI VIVAN

Director of Regulation