Circular Letter No. 1,785 — Clarifies that the same rules applicable to mandatory reserve requirements for free savings deposits of individuals apply to mandatory reserve requirements arising from linked savings resources

Circular Letter No. 1,785, of April 6, 1988

CIRCULAR LETTER NO. 1,785

To Real Estate Credit Companies, Savings Banks, and Savings and Loan Associations

In view of the provisions of item VI of Resolution No. 1,443, of January 5, 1988, we clarify that, to the mandatory reserve requirement established in the form of item IX, letter "a" of the mentioned Resolution, in addition to those fixed therein, the same norms established for the mandatory reserve requirement of free savings deposits of individuals shall apply.

2. For the purposes of calculating the mandatory reserve requirement referred to in item IX,
   letter "a" of the aforementioned Resolution, the annex "Demonstrativo do Exigível - Encaixe Obrigatório - Caderneta Vinculada - Resolução nº 1.4431" shall be used, to be filled out and delivered to this Central Bank/Department of Banking Operations-DEBAN or its Regional Representations that have jurisdiction over the institution, in accordance with regulatory norms.

Brasília (DF), April 6, 1988.
DEPARTMENT OF BANKING OPERATIONS
José Costa de Oliveira
HEAD

This text does not replace the one published in the DOU and in Sisbacen.

Circular Letter No. 1,785, of April 6, 1988