Circular No. 3.725

The Collegiate Board of the Central Bank of Brazil, in a session held on 30 October 2014, based on art. 10 of Law No. 10.214, of 27 March 2001, and on art. 10, item I, of Resolution No. 2.882, of 30 August 2001,

R E S O L V E S :

Art. 1 The institutions not participating in the Reserve Transfer System (STR) must use STR-Web in substitution of transaction PRCO500, of the Central Bank Information System (Sisbacen).

Art. 2 Art. 3 of Circular No. 3.489, of 18 March 2010, shall come into force with the following amendment:

“Art. 3 ........................................................ I - .............................................................. .................................................................. c) to the institutions not participating in the STR required to send information relating to compulsory reserve requirements and mandatory allocations to the Central Bank of Brazil; ............................................................” (NR)

Art. 3 The institutions not participating in the STR must request from the Department of Banking Operations and Payment System (Deban) the release of access to the STR-Web application, as regulated by Circular No. 3.489, of 2010, for purposes of compulsory reserve requirement and mandatory allocation.

Sole paragraph. The institutions not participating in the STR are not subject to the fees for making STR-Web available and for normal operation in the STR.

Art. 4 The Department of Information Technology (Deinf) and Deban shall define the start date of operation of STR-Web for the purposes of this Circular.

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

Aldo Luiz Mendes Altamir Lopes Director of Monetary Policy Director of Administration