Circular Letter No. 4069 — Amends Circular Letter No. 4,060 of June 23, 2020

The Head of the Department of Banking Operations and Payment Systems (Deban), using the authority granted by Article 23, item I, subsection "a", of the Internal Regulations of the Central Bank, annexed to Ordinance No. 84,287 of February 27, 2015, and considering the provisions of Circular No. 3,975 of January 8, 2020,

R E S O L V E:

Art. 1º Circular Letter No. 4,060 of June 23, 2020, shall be amended as follows:

“Art. 3º The calculations of the deductibility requirements established in Article 5-A of Circular No. 3,975 of 2020, and consequently, the liquidity to be remitted, shall be performed as follows:

OpCapGiro = CodItem 7016 + CodItem 7020

SomaDPGE = CodItem 7017 + CodItem 7018 + CodItem 7019

OpDPGE = Lesser of (SomaDPGE; (CodItem 7018 + CodItem 7019) / 30%)

SomaOp = OpCapGiro + OpDPGE

PLivre (proportion of VSR in free savings) = VSRLivre/(VSRLivre+VSRRural)

PRural (proportion of VSR in rural savings) = VSRRural/(VSRLivre+VSRRural)

Pre_Exigível_L = free savings liquidity without deductions

Pre_Exigível_R = rural savings liquidity without deductions

DeducLivre = Lesser of (PLivre x SomaOp; 30% Pré_Exigível_L)

DeducRural = Lesser of (PRural x SomaOp; 30% Pré_Exigível_R)” (NR)

Art. 2º This Circular Letter enters into force on the date of its publication.

Flávio Túlio Vilela