Circular No. 2465 — Allows financial institutions to advance public service hours

CIRCULAR NO. 002465

Dispenses with the possibility of financial institutions advancing public service hours.

The Board of Directors of the Central Bank of Brazil, in a session held on 17.08.94, based on item II of Resolution No. 1,457, of 27.01.88,

DECIDED:

Art. 1. To allow financial institutions to advance public service hours for the exclusive purpose of making payments of benefits linked to INSS and other social security and insurance institutes, FGTS, and PIS/PASEP.

Sole Paragraph. The institution that advances the service hours must communicate to the Regional Department of the Central Bank of Brazil having jurisdiction over its headquarters the adopted schedule.

Art. 2. This Circular enters into force on the date of its publication.

Art. 3. Circular No. 2,075, of 06.11.91, is hereby revoked.

Brasília, August 18, 1994

Cláudio Ness Mauch
Director of Norms and Organization of the
Financial System