Circular No. 1754 — Monthly Supply of 20-Leaf Checkbooks Without Average Balance Requirement

CIRCULAR NO. 001754

TO
MULTIPLE BANKS, COMMERCIAL BANKS, AND SAVINGS BANKS

MONTHLY SUPPLY OF 20-SHEET CHECKBOOKS WITHOUT AVERAGE BALANCE REQUIREMENT.

WE COMMUNICATE THAT THE BOARD OF DIRECTORS OF THE CENTRAL BANK OF BRAZIL, IN A SESSION HELD ON 06.06.90, HAVING REGARD TO THE PROVISIONS OF RESOLUTIONS NO. 1,568, OF 16.01.89, AND NO. 1,682, OF 31.01.90, DECIDED:

ART. 1. IT IS MANDATORY, INDEPENDENT OF THE EXISTENCE OF AN AVERAGE BALANCE IN THE DEPOSIT ACCOUNT, THE SUPPLY OF A CHECKBOOK WITH AT LEAST 20 (TWENTY) SHEETS, PER MONTH, WITHOUT CHARGING ANY REMUNERATION, AS PROVIDED IN ITEM I, LETTER D, OF RESOLUTION NO. 1,568, OF 16.01.89.

ART. 2. THIS CIRCULAR ENTERS INTO FORCE ON THE DATE OF ITS PUBLICATION.

BRASÍLIA (DF), JUNE 7, 1990

GUSTAVO JORGE LABOISSIÈRE LOYOLA
DIRECTOR