Circular Letter No. 3.457

CIRCULAR LETTER No. 003457 ------------------------ Amends DOCUMENT 24-1 of the MCR - Transfer of funds from rural credit requirements - Mandatory Resources (MCR 6-2) and Rural Savings (MCR 6-4). In accordance with the provisions of Resolutions Nos. 3.745 and 3.746, both of 30 June 2009, and based on art. 3 of Circular No. 3.460, of 23 July 2009, we inform that DOCUMENT 24-1 of the Rural Credit Manual (MCR) is amended, regarding the transfer of funds arising from the collections of shortfalls in rural credit lending, referring to mandatory resources (MCR 6-2) and rural savings (MCR 6-4). 2. The communication models provided for in DOCUMENT 24-1 of the MCR must be used, as from the 2009/2010 compliance period, inclusive, by the financial institution interested in receiving the funds it has collected to the Central Bank of Brazil. 3. Consequently, the sheets necessary for updating DOCUMENT 24-1 of the MCR are attached. 4. This circular letter enters into force on the date of its publication. Brasília, 1 July 2010. Executive Management of Regulation and Control of Rural Operations and Proagro Deoclécio Pereira de Souza Executive Manager NOTES: 1 - DOCUMENT 24-1 of the MCR (Annexes I, II-A and II-B) referred to in this circular letter will be available on the Central Bank of Brazil website, as from 5/7/2010 ( http://www.bcb.gov.br - Legislation and Norms - CMN and BC Norms - Manuals - MCR-Rural Credit Manual - Documents). 2 - In case of doubt or need for clarification, institutions subject to compliance with the provisions of this circular letter may contact Gerop by email at gerop@bcb.gov.br or by telephone (61) 3414.1495 and (61) 3414.1508.