Circular No. 1.391

CIRCULAR N. 001391 ------------------ We inform that the Board of Directors of the Central Bank of Brazil, in a meeting held on this date, based on article 4, item XII, of Law n. 4.595, of 31.12.64, by competence delegated by the National Monetary Council, and in view of the provisions of Law n. 6.099, of 12.09.74, with the amendments introduced by Law n. 7.132, of 26.10.83, and also in item IV of Resolution n. 980, of 13.12.84, decided to establish that credits arising from leasing operations assigned without a joint liability clause must be recorded in the form provided for in item 1.8.2 of the Accounting Plan for Institutions of the National Financial System - COSIF. Brasília-DF, 7 December 1988 Keyler Carvalho Rocha Director Note: the annex to this normative act is available to interested parties at the Headquarters of the Central Bank of Brazil.