Circular Monetary Regulations - REMON 1 - 265. Application of the unavailable deposit (Communication "A" 611)

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
COMMUNICATION "A" 762 31/08/85
TO FINANCIAL ENTITIES:
Ref.: Circular MONETARY REGULATIONS -
REMON - 1 - 265. Application of the unavailable deposit (Communication “A” 611) We address ourselves to you in order to inform you that this Institution has resolved to apply as of 1.9.85 the balances (capitals and adjustments) as of 31.8.85 of the unavailable deposit referred to in Communication “A” 611 to the cancellation of the balances (capitals and interests) appropriate to the last of such dates in concept of the loan for insufficient growth of adjustable deposits by combined price index, without exceeding the maximum utilization level established for said line. Consequently, we clarify to you that the amount to be released from such imposition (line 5 of
Table C of Formula 4042 of August 1985) may not exceed the debt balance as of 31.8.85 corresponding to the mentioned line, for capitals (line 3 of Table A or line 4 of Table
C, whichever is lower, of Formula No. 4083 of last August) and interests (line 5 of Table D of the aforementioned Formula 4083).
The debit note (formula 3030) for the cancellation of the capital debt must be sent together with Formula 4038 of August 1985.
We salute you very attentively.
BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
Eduardo G. Castro
Manager of
Financing and Studies of the Financial System
Elías Salama
Deputy General Manager