Circular No. 3.730

The Board of Governors of the Central Bank of Brazil, in a meeting held on 12 November 2014, based on the provisions of arts. 9, 10, item IX, and 11, item VII, of Law No. 4.595, of 31 December 1964, in arts. 3, § 2, and 15 of Resolution No. 4.193, of 1 March 2013, and in art. 2, § 2, of Resolution No. 4.194, of 1 March 2013,

R E S O L V E :

Art. 1 The arts. 4 and 6 of Circular No. 3.643, of 4 March 2013, shall henceforth be in force with the following wording:

“Art. 4 ................................ .......................................... II - ..................................... ..........................................

• c) credit operations of central credit cooperatives contracted with their affiliates; and

• d) guarantees, sureties, co-obligations and guarantees provided by cooperatives to other institutions of the same cooperative system.

..........................................” (NR)

“Art. 6 A FPR of 75% (seventy-five percent) must be applied to the credit operations of single credit cooperatives.” (NR)

Art. 2 The art. 21 of Circular No. 3.644, of 4 March 2013, shall henceforth be in force with the following wording:

“Art. 21. ............................... ..........................................

VIII - rights representing operations carried out by single cooperatives, central cooperatives, confederations and cooperative banks that have as counterparty an institution that is part of the same cooperative system;

..........................................” (NR)

Art. 3 This Circular enters into force on the date of its publication.

Art. 4 Item IV of art. 5 and item III of art. 7 of Circular No. 3.643, of 4 March 2013, are revoked.

Luiz Edson Feltrim Deputy Director of Regulation