Circular No. 2.318

CIRCULAR No. 002318 ------------------ AMENDS CIRCULAR No. 2.292, OF 24.03.93, AND ALLOWS THE TEMPORARY USE OF A STATISTICAL ESTIMATION PROCESS. WE INFORM THAT THE BOARD OF THE CENTRAL BANK OF BRAZIL, IN A SESSION HELD ON 31.05.93, DECIDED: ART. 1. TO AMEND ART. 1, PARAGRAPH 2, OF CIRCULAR No. 2.292, OF 24.03.93, WHICH SHALL TAKE EFFECT WITH THE FOLLOWING WORDING: "ART. 1. .................................................... PARAGRAPH 2. THE AVERAGE RATES AND THE APPLICATION VOLUMES TO BE REPORTED DAILY MUST OBSERVE THE FOLLOWING: A - IN EACH MODALITY, THE AVERAGE RATE SHALL BE OBTAINED THROUGH THE CALCULATION OF THE WEIGHTED ARITHMETIC MEAN, BY THE RESPECTIVE APPLIED VOLUMES, OF THE EFFECTIVE RATES PRACTICED IN EACH OPERATION; B - IN EACH MODALITY, THE APPLIED VOLUME SHALL BE THE SUM OF THE AMOUNTS APPLIED IN ALL OPERATIONS CARRIED OUT DURING THE DAY; C - IF THERE IS NO APPLICATION IN A GIVEN MODALITY ON A GIVEN DAY, NULL VALUES MUST BE REPORTED." ART. 2. TO ALLOW THAT, UNTIL 30.07.93, THE AVERAGE RATES TO BE REPORTED ARE OBTAINED THROUGH A STATISTICAL ESTIMATION PROCESS BASED ON RANDOM SAMPLING. ART. 3. THIS CIRCULAR ENTERS INTO FORCE ON THE DATE OF ITS PUBLICATION. BRASÍLIA (DF), 31 MAY 1993 CLÁUDIO NESS MAUCH DIRECTOR