Circular No. 1316 — Adaptation of Circular 1273 of 12/29/87 — Accounting Plan of the Institutions of the National Financial System (COSIF)

CIRCULAR NO. 001316

To
Institutions of the National Financial System

We communicate that the Board of Directors of this Agency, in a meeting held on May 10, 1988, decided that:

a) In addition to the statements provided for in Circular-Letter No. 1,790, of April 25, 1988, the following must be sent to this Bank, prepared according to the current accounting plans, or in the usual manner, in the case of institutions that do not yet have standardized statements from the Central Bank:

I - a document in the form of a balance sheet as of the base date of June 30, 1988 (document No. 1);

II - a document in the form of a statement of results for the first semester of 1988;

III - regarding the documents referred to in items I and II above, the legal formalities of publication and transcription in the mandatory books are waived;

b) item 1.23.1.4 of the COSIF shall enter into force with the following wording:

"When the last day scheduled for the submission of accounting documents is not a business day, the deadline is automatically advanced to the immediately preceding business day.";

c) in documents No. 1 contained in Chapter 4 of the COSIF, the following totalizer codes must be inserted:

• Total General Asset: 3.9.9.99.99-3

• Total General Liability: 9.9.9.99.99-5;

d) commercial banks and savings banks must submit, monthly, to this Agency, by the 20th (twenty) of the month following the considered position, together with the "Monthly Banking Statistics" and "Global Banking Statistics" documents (CADOC codes No. 4,500 and 4,510, respectively), the document "Updated Position of the Agency Network" (CADOC code No. 4,520), to be prepared according to the specifications of the attached model.

2. For the preparation of the document in the form of a balance sheet referred to in this Circular, the following procedures shall be observed:

a) taking the trial balance (base date: June 30, 1988), the values related to the provision for income tax and profit participations shall be considered, if applicable;

b) the transfer of the net profit or loss of the period to "Accumulated Profits or Losses" shall be considered;

c) the effects resulting from the application of legal and statutory provisions regarding the distribution of dividends and the establishment of reserves shall also be considered.

3. In the preparation of the balance sheet prepared in the form of the Accounting Plan of the Institutions of the National Financial System - COSIF, institutions must ensure that the values taken into consideration coincide with those used for the adoption of the procedures mentioned in item 2 above.

4. The remaining provisions of Circular No. 1,273, of December 29, 1987, and Circular-Letter No. 1,790, of April 25, 1988, remain unchanged.

Brasília-DF, May 12, 1988

Wadico Waldir Bucchi Keyler Carvalho Rocha Director Director

José Tupy Caldas de Moura
Director

Note: The attachment of this regulation is available to interested parties at the Headquarters of the Central Bank of Brazil.