RegAlertRule · BCB · 14 Feb 1990 · Circular 1579
Circular No. 1579 — Banco do Brasil S/A - Modification of the Norm Regarding Availability of Administrative Checks Issued by Banco do Brasil - Movement of the 'Bank Reserves' Account Maintained with the Central Bank by Institutions Participating in the Check Clearing Service
Financial institutions participating in the check and other paper clearing service must use exclusively standardized documents for bank reserve movements via Banco do Brasil S.A. Deposits via Bank Deposit Document (DDB) are available on the receipt date if issued by Banco do Brasil, BNDES, or IAPAS; otherwise, they are available the following business day. Transfer orders are credited via Reserve Movement Document (DMR). Banco do Brasil must establish "Caixa Única" routines, prohibit non-standardized models, designate specific branches for reserve movements, and enforce cash withdrawal limits of 200 MVR via a single Bank Withdrawal Document (DSB). Minimum deposits require 100 notes of the same value. This circular revokes Circular No. 297 and enters into force upon publication.
CIRCULAR NO. 001579
TO THE FINANCIAL INSTITUTIONS PARTICIPATING IN THE CHECK AND OTHER PAPER CLEARING SERVICE.
DISCLOSES BOARD DECISIONS RELATED TO THE MOVEMENT, VIA BANCO DO BRASIL S.A., OF THE BANK RESERVES ACCOUNTS MAINTAINED BY THE RECIPIENT INSTITUTIONS OF THIS CIRCULAR WITH THE CENTRAL BANK.
WE COMMUNICATE THAT THE BOARD OF THE CENTRAL BANK OF BRAZIL, IN A SESSION ON 14.02.90, BASED ON ARTICLE VI OF RESOLUTION NO. 1091, OF 20.02.86, DECIDED THAT:
ART. 1º. FOR THE MOVEMENT, VIA BANCO DO BRASIL S.A., OF THE BANK RESERVES ACCOUNTS MAINTAINED WITH THE CENTRAL BANK, THE FOLLOWING DOCUMENTS, STANDARDIZED BY BANCO DO BRASIL S.A., SHALL BE USED EXCLUSIVELY BY THE FINANCIAL INSTITUTIONS PARTICIPATING IN THE CHECK AND OTHER PAPER CLEARING SERVICE:
I - BY THE BANKING NETWORK, INCLUDING BANCO DO BRASIL S.A.:
A - BANK DEPOSIT DOCUMENT - DDB;
B - BANK WITHDRAWAL DOCUMENT - DSB;
II - EXCLUSIVELY BY THE BRANCHES OF BANCO DO BRASIL S.A.:
A - PARTIAL CLEARING RESULT DOCUMENT - RPC;
B - CLEARING RESULT DOCUMENT - DRC;
C - RESERVE MOVEMENT DOCUMENT - DMR.
SINGLE PARAGRAPH. THE NATIONAL ECONOMIC AND SOCIAL DEVELOPMENT BANK (BNDES) MAY ISSUE CHEQUES OF BANCO DO BRASIL S.A. DRAWN AGAINST ITS RESPECTIVE DEPOSIT ACCOUNT MAINTAINED WITH THAT INSTITUTION.
ART. 2º. DEPOSITS IN CHEQUES, EFFECTED VIA BANK DEPOSIT DOCUMENT - DDB BY THE FINANCIAL INSTITUTIONS IN QUESTION, ARE ONLY AVAILABLE ON THE DATE OF THEIR EFFECTUATION, WHEN THE DEPOSITED CHEQUES ARE ISSUED BY:
I - THE CENTRAL BANK;
II - THE NATIONAL ECONOMIC AND SOCIAL DEVELOPMENT BANK OR THE INSTITUTE OF FINANCIAL ADMINISTRATION OF SOCIAL SECURITY AND ASSISTANCE - IAPAS, PROVIDED THEY ARE DRAWN AGAINST THEIR RESPECTIVE DEPOSIT ACCOUNTS AT BANCO DO BRASIL S.A..
ART. 3º. VALUES REFERRED TO TRANSFER ORDERS IN FAVOR OF THE FINANCIAL INSTITUTIONS IN QUESTION WILL BE CREDITED TO THEIR RESPECTIVE BANK RESERVES ACCOUNTS, VIA RESERVE MOVEMENT DOCUMENT - DMR:
I - ON THE SAME DAY OF RECEIPT, WHEN THE TRANSFER ORDERS ARE ISSUED BY:
A - THE CENTRAL BANK OR BY BANCO DO BRASIL S.A.; B - ANY OTHER FINANCIAL INSTITUTION REGISTERED IN THE CHECK AND OTHER PAPER CLEARING SERVICE, INCLUDING THE NATIONAL ECONOMIC AND SOCIAL DEVELOPMENT BANK; C - THE INSTITUTE OF FINANCIAL ADMINISTRATION OF SOCIAL SECURITY AND ASSISTANCE - IAPAS;
II - ON THE BUSINESS DAY FOLLOWING THE DATE OF RECEIPT, WHEN ISSUED BY ANY OTHER CURRENT ACCOUNT HOLDER OF THE AGENCY OF BANCO DO BRASIL S.A. RECEIVING THE ORDER.
ART. 4º. THE NAME OF CHAPTER 10 OF TITLE 4 OF THE MANUAL OF NORMS AND INSTRUCTIONS - MNI WILL BE CHANGED TO "MOVEMENT OF BANK RESERVES ACCOUNTS VIA BANCO DO BRASIL S.A.", INCLUDING AMONG THE NORMS CONTAINED THEREIN THE FOLLOWING:
I - BANCO DO BRASIL S.A. WILL ESTABLISH THE ROUTINES NECESSARY FOR THE EXECUTION OF SERVICES RELATED TO THE "CAIXA ÚNICA" SYSTEM;
II - ANY DOCUMENT, WHOSE USE IS NECESSARY IN THE "CAIXA ÚNICA" SYSTEM, MUST BE INSTITUTED, STANDARDIZED AND DISCLOSED BY BANCO DO BRASIL S.A., AND THE USE OF NON-STANDARDIZED MODELS IS PROHIBITED;
III - BANCO DO BRASIL S.A. WILL DESIGNATE THE BRANCH, IN PLACES WHERE IT MAINTAINS MORE THAN ONE, IN WHICH ANY MOVEMENT OF RESERVES OF FINANCIAL BANKING INSTITUTIONS SHALL BE CARRIED OUT;
IV - CASH WITHDRAWALS UP TO THE VALUE OF 200 (TWO HUNDRED) MVR SHOULD BE EFFECTED VIA A SINGLE FORM OF BANK WITHDRAWAL DOCUMENT - DSB;
V - AMONG THE PROCEDURES FOR DELIVERY OF CURRENT MONEY FOR DEPOSIT, VIA DDB, IT SHOULD BE OBSERVED THAT ONLY MINIMUM 100 (ONE HUNDRED) NOTES OF THE SAME VALUE MAY BE DEPOSITED;
VI - BANCO DO BRASIL S.A. MAY CHARGE, VIA AUTOMATED PROCESS, THE REMUNERATION DUE TO IT FOR CASH MOVEMENT WITHIN THE COUNTRY.
ART. 5º. THIS CIRCULAR WILL ENTER INTO FORCE ON THE DATE OF ITS PUBLICATION.
ART. 6º. CIRCULAR NO. 297, OF 09.04.76, IS HEREBY REVOKED.
ART. 7º. AS A CONSEQUENCE, THE SHEETS NECESSARY FOR THE UPDATE OF THE MANUAL OF NORMS AND INSTRUCTIONS - MNI ARE ATTACHED.
BRASILIA (DF), FEBRUARY 14, 1990
WADICO WALDIR BUCCHI
PRESIDENT
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- Obligation 12
- Permission 4
- Definition / condition 12
- Reporting template 5
- background, boilerplate
Lineage: Superseded
A newer document in RegAlert replaces this one.
The links and the sentences they come from (3)
- Superseded by
“Circular 1.579, of February 14, 1990”
- Supersedes
“CIRCULAR NO. 297, OF 09.04.76, IS HEREBY REVOKED.”
- Issued under
“BASED ON ARTICLE VI OF RESOLUTION NO. 1091, OF 20.02.86”
Timeline
Amended 1 time · last 2002-04-10
- 2002-04-10
BCBCircular No. 3109 — Establishes the Circulating Medium System (CIR) to regulate circulating medium operations by financial institutionssupersedes
This document supersedes: Circular No. 297 — Interbank Reserve Exchange Rules — Check Clearing — (Draft Approved by CMN Vote 090/76)
What changed in the obligations
Against Circular No. 297 — Interbank Reserve Exchange Rules — Check Clearing — (Draft Approved by CMN Vote 090/76) (1976-04-09)
11 new obligations · 1 change of who is bound · 2 not carried over
Changed (1)
- Who is bound
- Before
- We communicate that the Board of Directors of the Central Bank, in a session held on April 8, 1976, considering the provisions of Article 11, items VI and VII, of Law No. 4,595, of December 31, 1964, and aiming to regulate interbank reserve exchange operations, approved the following rules: a) Deposits in checks made in the account of a financial institution participating in the Check Clearing Se…
- Now
- ART. 2º. DEPOSITS IN CHEQUES, EFFECTED VIA BANK DEPOSIT DOCUMENT - DDB BY THE FINANCIAL INSTITUTIONS IN QUESTION, ARE ONLY AVAILABLE ON THE DATE OF THEIR EFFECTUATION, WHEN THE DEPOSITED CHEQUES ARE ISSUED BY: II - THE NATIONAL ECONOMIC AND SOCIAL DEVELOPMENT BANK OR THE INSTITUTE OF FINANCIAL ADMINISTRATION OF SOCIAL SECURITY AND ASSISTANCE - IAPAS, PROVIDED THEY ARE DRAWN AGAINST THEIR RESPECTI…
New in this text (11)
- THE NATIONAL ECONOMIC AND SOCIAL DEVELOPMENT BANK (BNDES) MAY ISSUE CHEQUES OF BANCO DO BRASIL S.A.
- DRAWN AGAINST ITS RESPECTIVE DEPOSIT ACCOUNT MAINTAINED WITH THAT INSTITUTION.
- ART. 4º. THE NAME OF CHAPTER 10 OF TITLE 4 OF THE MANUAL OF NORMS AND INSTRUCTIONS - MNI WILL BE CHANGED TO "MOVEMENT OF BANK RESERVES ACCOUNTS VIA BANCO DO BRASIL S.A.", INCLUDING AMONG THE NORMS CONTAINED THEREIN THE FOLLOWING: I - BANCO DO BRASIL S.A.
- ART. 4º. THE NAME OF CHAPTER 10 OF TITLE 4 OF THE MANUAL OF NORMS AND INSTRUCTIONS - MNI WILL BE CHANGED TO "MOVEMENT OF BANK RESERVES ACCOUNTS VIA BANCO DO BRASIL S.A.", INCLUDING AMONG THE NORMS CONTAINED THEREIN THE FOLLOWING: WILL ESTABLISH THE ROUTINES NECESSARY FOR THE EXECUTION OF SERVICES RELATED TO THE "CAIXA ÚNICA" SYSTEM;
- ART. 4º. THE NAME OF CHAPTER 10 OF TITLE 4 OF THE MANUAL OF NORMS AND INSTRUCTIONS - MNI WILL BE CHANGED TO "MOVEMENT OF BANK RESERVES ACCOUNTS VIA BANCO DO BRASIL S.A.", INCLUDING AMONG THE NORMS CONTAINED THEREIN THE FOLLOWING: II - ANY DOCUMENT, WHOSE USE IS NECESSARY IN THE "CAIXA ÚNICA" SYSTEM, MUST BE INSTITUTED, STANDARDIZED AND DISCLOSED BY BANCO DO BRASIL S.A., AND THE USE OF NON-STANDAR…
- ART. 4º. THE NAME OF CHAPTER 10 OF TITLE 4 OF THE MANUAL OF NORMS AND INSTRUCTIONS - MNI WILL BE CHANGED TO "MOVEMENT OF BANK RESERVES ACCOUNTS VIA BANCO DO BRASIL S.A.", INCLUDING AMONG THE NORMS CONTAINED THEREIN THE FOLLOWING: III - BANCO DO BRASIL S.A.
- ART. 4º. THE NAME OF CHAPTER 10 OF TITLE 4 OF THE MANUAL OF NORMS AND INSTRUCTIONS - MNI WILL BE CHANGED TO "MOVEMENT OF BANK RESERVES ACCOUNTS VIA BANCO DO BRASIL S.A.", INCLUDING AMONG THE NORMS CONTAINED THEREIN THE FOLLOWING: WILL DESIGNATE THE BRANCH, IN PLACES WHERE IT MAINTAINS MORE THAN ONE, IN WHICH ANY MOVEMENT OF RESERVES OF FINANCIAL BANKING INSTITUTIONS SHALL BE CARRIED OUT;
- ART. 4º. THE NAME OF CHAPTER 10 OF TITLE 4 OF THE MANUAL OF NORMS AND INSTRUCTIONS - MNI WILL BE CHANGED TO "MOVEMENT OF BANK RESERVES ACCOUNTS VIA BANCO DO BRASIL S.A.", INCLUDING AMONG THE NORMS CONTAINED THEREIN THE FOLLOWING: IV - CASH WITHDRAWALS UP TO THE VALUE OF 200 (TWO HUNDRED) MVR SHOULD BE EFFECTED VIA A SINGLE FORM OF BANK WITHDRAWAL DOCUMENT - DSB;
- ART. 4º. THE NAME OF CHAPTER 10 OF TITLE 4 OF THE MANUAL OF NORMS AND INSTRUCTIONS - MNI WILL BE CHANGED TO "MOVEMENT OF BANK RESERVES ACCOUNTS VIA BANCO DO BRASIL S.A.", INCLUDING AMONG THE NORMS CONTAINED THEREIN THE FOLLOWING: V - AMONG THE PROCEDURES FOR DELIVERY OF CURRENT MONEY FOR DEPOSIT, VIA DDB, IT SHOULD BE OBSERVED THAT ONLY MINIMUM 100 (ONE HUNDRED) NOTES OF THE SAME VALUE MAY BE DEP…
- ART. 4º. THE NAME OF CHAPTER 10 OF TITLE 4 OF THE MANUAL OF NORMS AND INSTRUCTIONS - MNI WILL BE CHANGED TO "MOVEMENT OF BANK RESERVES ACCOUNTS VIA BANCO DO BRASIL S.A.", INCLUDING AMONG THE NORMS CONTAINED THEREIN THE FOLLOWING: VI - BANCO DO BRASIL S.A.
- ART. 4º. THE NAME OF CHAPTER 10 OF TITLE 4 OF THE MANUAL OF NORMS AND INSTRUCTIONS - MNI WILL BE CHANGED TO "MOVEMENT OF BANK RESERVES ACCOUNTS VIA BANCO DO BRASIL S.A.", INCLUDING AMONG THE NORMS CONTAINED THEREIN THE FOLLOWING: MAY CHARGE, VIA AUTOMATED PROCESS, THE REMUNERATION DUE TO IT FOR CASH MOVEMENT WITHIN THE COUNTRY.
Not carried over (2)
- We communicate that the Board of Directors of the Central Bank, in a session held on April 8, 1976, considering the provisions of Article 11, items VI and VII, of Law No. 4,595, of December 31, 1964, and aiming to regulate interbank reserve exchange operations, approved the following rules: b) Transfer orders to credit the accounts referred to in the previous item will only be fulfilled, on the s…
- We communicate that the Board of Directors of the Central Bank, in a session held on April 8, 1976, considering the provisions of Article 11, items VI and VII, of Law No. 4,595, of December 31, 1964, and aiming to regulate interbank reserve exchange operations, approved the following rules: 2. Checks issued by Banco do Brasil S.A., in compliance with payment orders in favor of financial instituti…
“Not carried over” means the sentence has no counterpart in this text; the rule can still be in force in another text.
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