Circular Letter No. 1359 — Creation of Internal Subtitles for Exchange Sessions and Deduction from Compulsory Reserve Requirements

Circular Letter No. 1,359, dated February 25, 1986.

CIRCULAR LETTER NO. 1,359

To

Banking Establishments

We inform you that the mandatory internal subtitles, at the level of branch balance sheets, "Specific Exchange Session" and "Normal Exchange Session" are created in account 4.03.27.00 – 4 - PAYMENT COMPENSATION - ITS REMITTANCE, of the Commercial Banks Accounting Plan (COBAN).

2. From this date, and for the purpose of calculating the compulsory reserve requirements on demand and notice deposits, the values recorded in the internal use subtitle "Specific Exchange Session" may be deducted from the deposits subject to collection of each branch relative to the immediately preceding business day.

3. Consequently, the necessary alterations to update the Commercial Banks Accounting Plan (COBAN) are found in the attached sheet.

Brasília (DF), February 25, 1986.

DEPARTMENT OF ORGANIZATION AND
BANKING AUTHORIZATIONS
DEPARTMENT OF BANKING
OPERATIONS

Martin Wimmer José Costa de Oliveira
CHIEF CHIEF

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