Circular Letter No. 1755 — Lowering of rules for the mandatory reserve of savings deposits of legal entities

Circular Letter No. 1,755, of January 14, 1988

CIRCULAR LETTER NO. 1,755

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, for the mandatory reserve established in accordance with item XII of the aforementioned Resolution, the same rules established for the mandatory reserve of savings deposits of legal entities apply.

2. For the purposes of calculating the mandatory reserve referred to in item XII of the aforementioned Resolution, the annex "Statement of Payables – Mandatory Reserve – Resolution No. 1,285" shall be used, which must be filled out and delivered to this Central Bank/Department of Banking Operations – DEBAN or its Regional Branches that have jurisdiction over the Institution, in accordance with regulatory standards.

Brasília (DF), January 14, 1988.

DEPARTMENT OF BANKING OPERATIONS

José Costa de Oliveira

CHIEF

This text does not replace the version published in the Official Gazette (DOU) and in Sisbacen

Circular Letter No. 1,755, of January 14, 1988