Circular Letter No. 3.583

The Deputy Head of the Department of Banking Operations and Payment System, using the authority conferred upon him by art. 22, item I, subitem “a”, of the Internal Regulations of the Central Bank of Brazil, annexed to Administrative Rule No. 29.971, of 4 March 2005, and in view of the provisions of art. 3 of Circular No. 3.622, of 27 December 2012,

RESOLVES:

Art. 1 For the provision of information relating to the updated outstanding balance of the operations referred to in art. 1 of Circular No. 3.622, of 27 December 2012, CodItem 1035 – “Deductible Operations of Financing Granted with the Criteria of Subprograms Eligible for Economic Subsidy” must be used, corresponding to the total balance of the account "3.0.9.66.10-7 Financing Eligible for Economic Subsidy by the Union – Resolution No. 4.170", of Cosif, sent exclusively by institutions that meet the criterion established in § 2 of the aforementioned circular through the message "RCO0002 - IF informs Statement", of the RCO Services Group, contained in the Catalog of Messages and Files of the National Financial System Network (RSFN).

§ 1 The amount informed through CodItem 1035 – “Deductible Operations of Financing Granted with the Criteria of Subprograms Eligible for Economic Subsidy”, referring to the last business day of the calculation period of the reserve requirement on demand deposits, will be considered for deduction purposes in the corresponding compliance period, observing the limit set forth in § 1, art. 1, of Circular No. 3.622, of 2012.

§ 2 For the purposes of the deduction referred to in § 1, the use of financing that is linked to compliance with mandatory allocations is prohibited.

Art. 2 The updated outstanding balance of the operations referred to in art. 1 of Circular No. 3.622, of 2012, observing the complementary regulations, must be informed:

• I - institutions of group "A", from the calculation period of 21 January to 1 February 2013, whose movement period begins on 30 January 2013; and

• II - institutions of group "B", from the calculation period of 28 January to 8 February 2013, whose movement period begins on 6 February 2013.

Art. 3 The supporting documentation of the information subject of this Circular Letter must be kept at the disposal of the Central Bank of Brazil for a period of five years, counted from the date to which each information refers, under the terms of the provisions of art. 1 of Law No. 9.873, of 23 November 1999.

Art. 4 This Circular Letter enters into force on the date of its publication.

Flávio Túlio Vilela