Circular No. 2308 — Methodology for Calculating the New Housing Finance Band and Interfinancial Housing Deposits (DIH)

CIRCULAR NO. 002308

DISPOSES ON THE CALCULATION METHODOLOGY FOR THE NEW HOUSING FINANCE BAND AND ON THE INTERFINANCIAL HOUSING DEPOSITS (DIH) ESTABLISHED BY RESOLUTION NO. 1,981, OF 04/30/93.

WE COMMUNICATE THAT THE BOARD OF DIRECTORS OF THE CENTRAL BANK OF BRAZIL, IN A SESSION HELD ON 05/19/93, BASED ON ART. 8 OF RESOLUTION NO. 1,981, OF 04/30/93, DECIDED:

ART. 1. FOR THE PURPOSES OF CALCULATING THE VALUE OF THE EXIGIBILITY (EI) REFERRED TO IN THE FORMULA ESTABLISHED IN ART. 1 OF RESOLUTION NO. 1,981, OF 04/30/93:

I - THE PARTICIPATION PERCENTAGE OF THE ENTITY IN THE TOTAL BALANCE OF SAVINGS DEPOSITS (PPI) WILL BE OBTAINED THROUGH THE FOLLOWING FORMULA:

PPI = (MD / SMD) X 100

WHERE,

MD = SIMPLE ARITHMETIC AVERAGE OF THE SAVINGS DEPOSIT BALANCES EXISTING IN THE ENTITY AT THE END OF THE MONTH, DURING THE LAST 6 (SIX) MONTHS, CORRECTED UNTIL THE LAST MONTH BY THE SAME UPDATE INDICES OF THESE DEPOSITS, POSITION OF MARCH 1993, DETERMINED IN THE MANNER PROVIDED IN THE "DEMONSTRATION OF APPLICATION OBLIGATIONS - FREE SAVINGS AND PECULIUM - MAP 4", ANNEXED TO CIRCULAR NO. 2,086, OF 11/14/91, THEN IN FORCE;

SMD = SUM OF THE SIMPLE ARITHMETIC AVERAGES OF THE SAVINGS DEPOSIT BALANCES EXISTING IN THE ENTITIES AT THE END OF THE MONTH, DURING THE LAST 6 (SIX) MONTHS, CORRECTED UNTIL THE LAST MONTH BY THE SAME UPDATE INDICES OF THESE DEPOSITS, POSITION OF MARCH 1993, EQUIVALENT TO CR$476,312,324 MILLIONS (FOUR HUNDRED AND SEVENTY-SIX TRILLIONS, THREE HUNDRED AND TWELVE BILLIONS AND THREE HUNDRED AND TWENTY-FOUR MILLIONS OF CRUZEIROS);

II - THE PERCENTAGE OF THE ENTITY'S SAVINGS DEPOSIT BALANCE DIRECTED TO APPLICATIONS IN HOUSING FINANCE (PAI) WILL BE OBTAINED THROUGH THE FOLLOWING FORMULA:

PAI = (A / MD) X 100

WHERE,

A = AMOUNT CONSIDERED AS APPLICATION IN HOUSING FINANCE OF THE ENTITY, POSITION OF MARCH 1993, DETERMINED IN THE MANNER PROVIDED IN THE "DEMONSTRATION OF APPLICATION OBLIGATIONS - FREE SAVINGS AND PECULIUM - MAP 4", ANNEXED TO CIRCULAR NO. 2,086, OF 11/14/91, THEN IN FORCE, INCLUDING THE EXCESS OVER THE MAXIMUM LIMIT OF THE PORTFOLIO OF HOUSING FINANCE CONTRACTED AT MARKET RATES;

MD = DEFINED IN THE PREVIOUS ITEM;

III - THE PERCENTAGE OF THE TOTAL BALANCE OF SAVINGS DEPOSITS DIRECTED TO APPLICATIONS IN HOUSING FINANCE (PAT) IS EQUIVALENT TO 151.67 (ONE HUNDRED AND FIFTY-ONE WHOLE AND SIXTY-SEVEN HUNDREDTHS).

ART. 2. THE FINANCING GRANTED WITH A VIEW TO OBSERVING WHAT IS PROVIDED FOR IN RESOLUTION NO. 1,981, OF 04/30/93, ARE SUBJECT TO THE CONDITIONS FIXED IN RESOLUTION NO. 1,980, OF 04/30/93.

ART. 3. THE INTERFINANCIAL HOUSING DEPOSITS (DIH) REFERRED TO IN ART. 5 OF RESOLUTION NO. 1,981, OF 04/30/93, PROPERLY UPDATED BY THE BASIC REMUNERATION INDICES OF SAVINGS DEPOSITS, SHALL BE ADDED - WHEN CAPTURED - OR SUBTRACTED - WHEN APPLIED - FROM THE VALUE OF THE EXIGIBILITY REFERRED TO IN THE PREVIOUS ARTICLE.

ART. 4. ENTITIES MEMBERS OF THE BRAZILIAN SAVINGS AND LOAN SYSTEM (SBPE) SHALL MAINTAIN SUB-TITLES FOR INTERNAL USE IN THE CHART OF ACCOUNTS OF THE INSTITUTIONS OF THE NATIONAL FINANCIAL SYSTEM (COSIF), FOR THE PURPOSES OF CONTROLLING THE DIH.

ART. 5. THIS CIRCULAR ENTERS INTO FORCE ON THE DATE OF ITS PUBLICATION.

BRASÍLIA (DF), MAY 19, 1993

CLÁUDIO NESS MAUCH
DIRECTOR