Circular No. 1769 — Monthly Supply of Checkbooks with 20 Sheets Without Requirement for Average Balance

CIRCULAR NO. 001769

TO
MULTIPLE BANKS, COMMERCIAL BANKS AND SAVINGS BANKS

MONTHLY SUPPLY OF CHECKBOOKS WITH 20 SHEETS WITHOUT REQUIREMENT FOR AVERAGE BALANCE.

WE COMMUNICATE THAT THE BOARD OF DIRECTORS OF THE CENTRAL BANK OF BRAZIL, IN A SESSION HELD ON 04.07.90, HAVING REGARD TO THE PROVISIONS OF RESOLUTIONS NOS. 1,568, OF 16.01.89, AND 1,682, OF 31.01.90, DECIDED:

ART. 1. THE SUPPLY OF 1 (ONE) CHECKBOOK, WITH AT LEAST 20 (TWENTY) SHEETS, PER MONTH, WITHOUT CHARGING ANY REMUNERATION, AS PROVIDED FOR IN ITEM I, LETTER "D", OF RESOLUTION NO. 1,568, OF 16.01.89, CANNOT BE CONDITIONED ON THE EXISTENCE OF AN AVERAGE BALANCE IN THE DEPOSIT ACCOUNT THAT HAS BEEN AGREED UPON IN THE MANNER OF ITEM 1, LETTER "F", OF CIRCULAR NO. 1,528, OF 24.08.89.

ART. 2. THIS CIRCULAR ENTERS INTO FORCE ON THE DATE OF ITS PUBLICATION, CIRCULAR NO. 1,754, OF 07.06.90, BEING HEREBY REVOKED.

BRASÍLIA (DF), JULY 5, 1990

GUSTAVO JORGE LABOISSIÈRE LOYOLA
DIRECTOR