Circular No. 2912 — Dispenses the remittance of information regarding credits guaranteed by the Credit Guarantee Fund - FGC

CIRCULAR NO. 002912

Dispõe sobre a remessa de informações relativas a créditos garantidos pelo Fundo Garantidor de Créditos - FGC.

The Collegiate Board of the Central Bank of Brazil, in a session held on July 21, 1999, considering the provisions of Article 37 of Law No. 4,595, of December 31, 1964,

DECIDED:

Article 1. It is established that multiple banks, commercial banks, investment banks, development banks, savings banks, credit, financing and investment companies, real estate credit companies, savings and loan associations, and mortgage companies, which receive sight, notice, time, and savings deposits, accept bills of exchange, and raise resources through the placement of real estate and mortgage letters, must provide the Central Bank of Brazil, based on the semi-annual balance sheets of June 30 and December 31 of each year, by the 25th day of the following month, the information requested in the attached maps, related as follows:

I - Census on Guaranteed Credits - Information by Product - FGC - Semi-Annual Data, with the CADOC codes 12.1.6.075-6, 20.1.6.075-5, 22.1.6.075-3, 24.1.6.075-1, 26.1.6.075-9, 36.1.6.075-6, 38.1.6.075-4, 39.1.6.075-3, 81.1.6.075-6 and 83.1.6.075-4 and model CADOC 36003-2;

II - Census on Guaranteed Credits - Total of Credits - FGC - Semi-Annual Data, with the CADOC codes 12.1.6.076-3, 20.1.6.076-2, 22.1.6.076-0, 24.1.6.076-8, 26.1.6.076-6, 36.1.6.076-3, 38.1.6.076-1, 39.1.6.076-5, 81.1.6.076-3 and 83.1.6.076-1 and model CADOC 36004-1.

Paragraph 1. The information referred to in this article must be provided through a data transmission system to be duly disclosed by the Central Bank of Brazil.

Paragraph 2. In the case of institutions that are part of a financial conglomerate, the information provided for in this Circular must be presented in a consolidated manner by the lead company of the conglomerate, defined in accordance with the Accounting Plan of the Institutions of the National Financial System - COSIF.

Paragraph 3. Failure to provide the information referred to in this Circular within the period stipulated in this article, or the provision of incorrect information, subjects the institution to a fine, according to the criteria established in Resolution No. 2,194, of August 31, 1995, without prejudice to other sanctions provided for in the legislation and regulations in force.

Article 2. The provision of information in accordance with Annex III, Savings Deposits - National Census - Semi-Annual Data, of Circular No. 2,466, of August 18, 1994, with the modifications introduced by Letter-Circular No. 2,685, of September 17, 1996, is eliminated, starting from the December 1999 position.

Article 3. The information provided for in this Circular must, exceptionally, be provided based on the position of July 31, 1999, by September 20, 1999.

Article 4. The Central Bank of Brazil/Department of Registration and Information (DECAD) is authorized to adopt the necessary measures for the execution of the provisions of this Circular, including the power to introduce modifications regarding the provision of information on credits guaranteed by the FGC.

Article 5. This Circular enters into force on the date of its publication.

Brasília, July 21, 1999

Sérgio Darcy da Silva Alves
Director
--------------------------------------------------------------------- Note: The attached maps referred to in Article 1 of this Circular are available to interested parties at the Headquarters and Regional Delegacies of the Central Bank of Brazil.