Circular No. 2143 — Exemption from Compulsory Reserve Requirements on Voluntary Deposits of Credit Cooperatives — Law No. 7,730 of January 31, 1989

CIRCULAR NO. 002143

EXEMPTION FROM COMPULSORY RESERVE REQUIREMENTS ON VOLUNTARY DEPOSITS OF CREDIT COOPERATIVES - LAW NO. 7,730, OF 01/31/89.

WE COMMUNICATE THAT THE BOARD OF DIRECTORS OF THE CENTRAL BANK OF BRAZIL, IN A SESSION HELD ON 03/11/92, HAVING REGARD TO THE PROVISIONS OF ART. 10, ITEMS III AND IV, OF LAW NO. 4,595, OF 12/31/64, WITH THE WORDING GIVEN TO IT BY ARTS. 19 AND 20 OF LAW NO. 7,730, OF 01/31/89, AND IN RESOLUTION NO. 1,857, OF 08/15/91, DECIDED:

ART. 1. EXCLUDE, FROM THE BASE FOR CALCULATING COMPULSORY RESERVES, THE VOLUNTARY DEPOSITS OF CREDIT COOPERATIVES, MADE IN ACCORDANCE WITH ART. 19, ITEM III, OF LAW NO. 4,595, OF 12/31/64.

ART. 2. THIS CIRCULAR ENTERS INTO FORCE ON THE DATE OF ITS PUBLICATION.

BRASÍLIA (DF), MARCH 11, 1992

PEDRO LUIZ BODIN DE MORAES
DIRECTOR