Circular Letter No. 3.741

The Deputy Head of the Department of Banking Operations and Payment System (Deban), using the authority conferred on him by art. 23, item I, subitem "a" and art. 111, item II, subitem "b", of the Internal Regulations of the Central Bank of Brazil, annexed to Administrative Rule No. 84.287, of 27 February 2015, and in view of the provisions of Circular No. 3.745, of 23 January 2015,

R E S O L V E S:

Art. 1 For the provision of information relating to the updated outstanding balance of the operations dealt with in art. 1 of Circular No. 3.745, of 23 January 2015, exclusively by institutions that meet the criterion established in § 2 of the aforementioned article, sent by means of the message "RCO0002 - IF informs Statement", of the RCO Services Group, contained in the Catalog of Services of the National Financial System, the following must be used:

• I - CodItem 1035 – "Deductible Operations of Financing Granted with the Criteria of Subprograms Eligible for Economic Subsidy contracted up to 15/12/15"; and

• II - CodItem 1036 – "Deductible Operations of Financing Granted with the Criteria of Subprograms Eligible for Economic Subsidy contracted as of 16/12/15".

§ 1 The sum of the amounts informed by means of the CodItems listed in items I and II of the caput relating to the last day of the calculation period of the reserve requirement on demand deposits shall be considered for purposes of deduction in the corresponding compliance period, observing the limit set forth in § 1 of art. 1 of Circular No. 3.745, of 2015, and must correspond 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.

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

Art. 2 The supporting documentation of the information that is the object 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. 3 This circular letter enters into force on the date of its publication, producing effects:

• I – for institutions of group "A", as from the calculation period of 14 to 24 December 2015, whose movement period begins on 30 December 2015; and

• II – for institutions of group "B", as from the calculation period of 7 to 18 December 2015, whose movement period begins on 23 December 2015.

Art. 4 As from the date of production of effects of this Circular Letter, Circular Letter No. 3.583, of 18 January 2013, is revoked.

Rogério Antônio Lucca