CIRCULAR No. 002236

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TO
MULTIPLE BANKS WITH COMMERCIAL PORTFOLIOS, COMMERCIAL BANKS AND SAVINGS BANKS

SETS A NEW DATE FOR THE PURPOSES OF EXEMPTION OF THE ACCOUNTING SUBHEADING FROM THE COMPULSORY DEPOSIT/RESERVE REQUIREMENT ON DEMAND DEPOSITS.

WE HEREBY COMMUNICATE THAT THE BOARD OF DIRECTORS OF THE CENTRAL BANK OF BRAZIL, IN A SESSION HELD ON 29.09.92, HAVING REGARD TO THE PROVISIONS OF 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 IN RESOLUTION No. 1.857, OF 15.08.91, DECIDED:

ART. 1. THE EXEMPTION FROM THE COMPULSORY DEPOSIT/RESERVE REQUIREMENT REFERRED TO IN ART. 2 OF CIRCULAR No. 2.225, OF 09.09.92, SHALL ONLY BE IN FORCE FROM 03.11.92, IN VIEW OF THE PROVISIONS CONTAINED IN PORTARIA No. 641, OF 25.09.92, OF THE MINISTRY OF ECONOMY, FINANCE AND PLANNING.

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

ART. 3. TO REVOKE ITEM III OF ART. 3 OF CIRCULAR No. 2.225, OF 09.09.92.

BRASÍLIA (DF), 30 SEPTEMBER 1992

PEDRO LUIZ BODIN DE MORAES GUSTAVO JORGE LABOISSIÈRE LOYOLA DIRECTOR DIRECTOR