Circular Letter No. 1,852 — Mandatory Reserve Calculation for Peculio Savings Account Deposits

Circular Letter No. 1,852, of November 9, 1988

CIRCULAR LETTER NO. 1,852

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

In view of the provisions of item X of Resolution No. 1,285, of March 20, 1987, we clarify that, regarding the mandatory reserve on peculio savings deposits, established in accordance with item I of Resolution No. 1,518, of September 21, 1988, the same rules established for the mandatory reserve of free savings deposits from individuals apply.

2. For the purpose of calculating the exigibility of the mandatory reserve referred to in item I
   of Resolution No. 1,518, of September 21, 1988, with observance of the provisions in Circular Letter No. 1,831, of September 9, 1988, the annex "DEMONSTRATIVE OF THE DUE AMOUNT – MANDATORY RESERVE – Peculio Booklet" 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, by the business day prior to the one scheduled for the deposit in question.

3. Circular Letter No. 1,755, of January 14, 1988, is hereby revoked.

Brasília (DF), November 9, 1988
DEPARTMENT OF BANKING OPERATIONS
José Costa de Oliveira
HEAD

This text does not replace the published version in the DOU and Sisbacen

Circular Letter No. 1,852, of November 9, 1988