Circular Monetary Regulations - REMON 1 - 203. Active Operations - OPRAC 1 - 60. Passive Operations - OPASI 1 - 57. Supplementary rule for deposits and loans at rates not regulated by the Central Bank

CENTRAL BANK OF THE ARGENTINE REPUBLIC
COMMUNICATION “A” 620 08/04/85
TO THE FINANCIAL INSTITUTIONS:

Ref.: Circular MONETARY REGULATIONS - REMON - 1 - 203. ACTIVE OPERATIONS - OPRAC - 1 - 60. PASSIVE OPERATIONS - 1 - 57. Supplementary rule applicable to deposits and loans at an interest rate not regulated by the Central Bank

We address you to inform you that this Institution adopted the following resolution:

“- To provide that the difference between active and passive interest rates for operations at a rate not regulated by the Central Bank, referred to in point 5 of Annex III to Communication “A” 613, shall be determined net of the effect derived from the contribution that must be made to the Institute of Bank Social Services for interest received.”

We greet you very attentively.

CENTRAL BANK OF THE ARGENTINE REPUBLIC
Eduardo G. Castro
Departmental Deputy Manager
Manager of Financing and Studies of the Financial System a/c Néstor J. Taró Departmental Manager c/f Deputy General Manager