Circular Letter No. 3.708

The Deputy Head of the Department of Banking Operations and Payment System (Deban), in the exercise of the authority conferred upon him by art. 23, item I, subitem “a”, of the Internal Rules of the Central Bank of Brazil, annexed to Administrative Rule No. 84.287, of 27 February 2015, and in view of the provisions of § 5 of art. 5 of Circular No. 3.093, of 1 March 2002,

R E S O L V E S :

Art. 1 For the provision of information relating to the gross outstanding balance of financing for the acquisition of residential properties, new or used, contracted as of 1 June 2015 and effected under the conditions of the Housing Finance System (SFH), as referred to in § 5 of art. 5 of Circular No. 3.093, of 1 March 2002, CodItem 7007 – “SFH Fin.Aquis.Im.Res. partir de 1.6.2015” must be used, sent by means of the message "RCO0002 - IF informa Demonstrativo", of the RCO Services Group, contained in the Catalog of Services of the National Financial System, when a participant in the Reserve Transfer System (STR), or by means of the STR-Web application, when not a participant.

Sole Paragraph. The amount informed by means of CodItem 7007 – “SFH Fin.Aquis.Im.Res. partir de 1.6.2015”, referring to the last business day of the calculation period of the mandatory reserve on funds from savings deposits, will be considered for purposes of deduction in the corresponding compliance period, in the free modality, observing the limit set forth in § 5, art. 5, of Circular No. 3.093, of 2002.

Art. 2 The updated outstanding balance of the operations referred to in art. 1 of this Circular Letter must be informed as of the calculation period from 8 to 12 June 2015, whose adjustment will occur on 22 June 2015.

Art. 3 The supporting documentation for 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. 4 This Circular Letter enters into force on the date of its publication.

Flávio Túlio Vilela