Circular No. 1844 — Makes mandatory the pre-marking by the drawee bank of fields 1, 2 and 3 of the check form specified in document 1 of MNI 16-8 - Resolution 885, of 12/22/83

CIRCULAR NO. 001844

TO MULTIPLE BANKS WITH COMMERCIAL PORTFOLIOS AND TO COMMERCIAL BANKS

MAKES MANDATORY THE PRE-MARKING, BY THE DRAWEE BANK, OF FIELDS 1, 2 AND 3 OF THE CHECK FORM SPECIFIED IN DOCUMENT NO. 1 OF MNI 16-8 - RESOLUTION NO. 885, OF 12/22/83.

WE COMMUNICATE THAT THE BOARD OF DIRECTORS OF THE CENTRAL BANK OF BRAZIL, IN A SESSION ON 11/14/90, IN THE USE OF THE COMPETENCE ATTRIBUTED IN ITEM III OF RESOLUTION NO. 885, OF 12/22/83, DECIDED:

ART. 1. AMEND THE NORM CONTAINED IN MNI 16-8-1-5, WHICH SHALL NOW BE IN EFFECT WITH THE FOLLOWING WORDING:

"IT IS MANDATORY FOR THE DRAWEE BANK TO PRINT MAGNETIC CHARACTERS IN FIELDS 1, 2 AND 3 OF THE CHECK FORMS, ACCORDING TO THE SPECIFICATION CONTAINED IN DOCUMENT NO. 1 OF THIS CHAPTER."

ART. 2. ESTABLISH THAT COMPLIANCE WITH THE PROVISIONS OF THIS CIRCULAR SHALL OCCUR BY 06/30/91.

ART. 3. THIS CIRCULAR ENTERS INTO FORCE ON THE DATE OF ITS PUBLICATION.

BRASILIA (DF), NOVEMBER 14, 1990

GUSTAVO JORGE LABOISSIÈRE LOYOLA LUIS EDUARDO ALVES DE ASSIS DIRECTOR DIRECTOR