Circular No. 2.820

CIRCULAR N. 002820 ------------------ Amends the rate of the compulsory deposit/mandatory reserve on the transactions dealt with in Circular No. 2.511, of 02.12.94. The Collegiate Board of the Central Bank of Brazil, in a session held on 27.05.98, based on art. 10, items III and IV, of Law No. 4.595, of 31.12.64, with the wording given to it by arts. 19 and 20 of Law No. 7.730, of 31.01.89, and on Resolution No. 1.857, of 15.08.91, D E C I D E D: Art. 1 Set at 0% (zero percent) the rates of the compulsory deposit/mandatory reserve established by Circular No. 2.511, of 02.12.94. Art. 2 This Circular enters into force on the date of its publication, producing effects as of: a) 05.06.98, date of adjustment of the calculation period from 28.05 to 03.06.98, for the transactions reported through Model A - Annex I to Letter-Circular No. 2.530, of 31.01.95, when dealing with an institution of group A and those subject to the provisions of Circular No. 2.701, of 28.06.96; b) 09.06.98, date of adjustment of the calculation period from 01 to 05.06.98, for the transactions reported through Model B - Annex II to Letter-Circular No. 2.530, of 31.01.95 and for the transactions reported through Model A - Annex I to the aforementioned Letter-Circular, when dealing with an institution of group B. Brasília, 27 May 1998 Francisco Lafaiete de P. Lopes Sérgio Darcy da Silva Alves Director Director