Circular No. 2.976

CIRCULAR N. 002976 ------------------ Amends the "F" factor applicable to operations with gold and with assets and liabilities referenced in exchange rate variation, contained in the PLE formula referred to in Annex IV Regulation to Resolution No. 2,099 of 1994, as amended by Resolution No. 2,692 of 2000. The Collegiate Board of Directors of the Central Bank of Brazil, in a session held on 23 March 2000, based on art. 4, item I, of Annex IV Regulation to Resolution No. 2,099 of 17 August 1994, as amended by Resolution No. 2,692 of 24 February 2000, D E C I D E D: Art. 1 Amend to 0.333 (three hundred and thirty-three thousandths) the "F" Factor applicable to operations with gold and with assets and liabilities referenced in exchange rate variation, including those carried out in derivative markets, contained in the formula established for calculating the value of Required Shareholders' Equity (PLE), referred to in art. 2 of Annex IV Regulation to Resolution No. 2,099 of 17 August 1994, as amended by Resolution No. 2,692 of 24 February 2000. Art. 2 This Circular enters into force on the date of its publication. Brasília, 30 March 2000 Sérgio Darcy da Silva Alves Director