Circular Letter No. 1646 — Notification of Adjustment to the Limit Value for Check Exchange

Circular Letter No. 1,646, of June 12, 1987

CIRCULAR LETTER NO. 1,646

To

Financial Institutions Participating in the Check and Other Papers Clearing Service

We notify that the limit value for checks to be exchanged in the specific sessions, as provided for in MNI 4-3-6-6, in all Regional Integrated Clearing Systems, is amended to the equivalent, in cruzeiros, of 25 OTN, rounded to the nearest thousand, exclusive.

2. In this regard, we also inform that the limit value referred to must be adjusted on the first business day of the months of March, June, September, and December, considering the OTN values published, respectively, in the months of February, May, August, and November.

3. The new limit value, based on the OTN value published in May/87, will come into force in the specific exchange sessions from a date to be announced by Banco do Brasil S.A., in its capacity as Operator of the Check and Other Papers Clearing Service.

Brasília (DF), June 12, 1987.

DEPARTMENT OF BANKING OPERATIONS

José Costa de Oliveira

CHIEF

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