Circular No. 2.835

CIRCULAR N. 002835 ------------------ Amends the base value for the granting of financial assistance to multiple banks with commercial portfolios, commercial banks and savings banks. The Board of Directors of the Central Bank of Brazil, in a session held on 02.09.98, based on art. 5 of Resolution No. 2.308, of 28.08.96, D E C I D E D: Art. 1 Temporarily reduce, by 100% (one hundred percent), from 08.09.98 to 30.09.98, the base value of financial assistance operations, calculated as established by Resolution No. 2.308 and Circular No. 2.712, both of 28.08.96. Art. 2 Any outstanding debit balances of the operations in question, arising from withdrawals made up to this date, shall be settled on 08.09.98. Art. 3 Withdrawals made in financial assistance operations, from 08.09.98, are subject to financial charges, observing the base value hereby established. Art. 4 This Circular enters into force on the date of its publication. Brasília, 04 September 1998 Francisco Lafaiete de Pádua Lopes President, in office