Circular Letter No. 1831 — Procedures for Savings Deposit-Collecting Institutions Regarding Mandatory Reserve Statements

Circular Letter No. 1,831

To
Savings Deposit-Collecting Institutions

We clarify that, in view of the implementation of the Accounting Plan of the Institutions of the National Financial System - COSIF, the following procedures must be observed regarding the completion of the mandatory reserve statements and mandatory application statements sent to this Department and its regional offices, by institutions that collect savings deposits, as provided for in Circular Letters No. 1,715, of 08.09.87, 1,755, of 14.01.88, 1,767, of 10.02.88, 1,784, of 05.04.88 and 1,785, of 06.04.88:

a) the earnings related to the values deposited in this Agency must not, for the purpose of completing the aforementioned statements, be incorporated into the balances collected in this Central Bank, notwithstanding the mandatory monthly appropriation as provided for in COSIF 1.1.10;

b) the other values to be used in completing the aforementioned statements must strictly follow the criterion established in COSIF.

Brasília (DF), September 9, 1988.

DEPARTMENT OF BANKING OPERATIONS

Nilton Junqueira

CHIEF, in exercise

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