2014 – YEAR OF HOMAGE TO ADMIRAL GUILLERMO BROWN, ON THE BICENTENARY OF THE NAVAL BATTLE OF MONTEVIDEO

COMMUNICATION “A” 5641 07/10/2014

TO FINANCIAL INSTITUTIONS:

Ref.: Circular

OPASI 2‑463

Application of the Deposit Guarantee Insurance System – Adjustments.

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We address you to inform that this Institution has adopted the following resolution:

1. Replace, effective from the contribution due in November 2014, point 2 of the rules on “Application of the Deposit Guarantee Insurance System” with the following:

   2. Normal contribution.

   Entities covered by the Financial Entities Law must allocate monthly to the Deposit Guarantee Fund (FGD) a normal contribution equivalent to 0.06 % of their monthly average of daily balances of the items enumerated in point 5.1, recorded in the second immediate prior month. For this purpose, the Banco de la Nación Argentina will comply with the provisions of the second paragraph of article 6 of Decree 540/95 (text according to Decree 1292/96 – article 3).

   The Central Bank of the Argentine Republic may require, as an advance, the equivalent of up to twenty‑four (24) normal minimum contributions, with a notice period of no less than thirty calendar days, to cover the Fund’s resource needs.

2. Establish, effective 1 November 2014, a guarantee amount of $350,000 for the deposits referred to in points 5.3.1, 5.3.2, 5.3.3 and 6 of the rules on “Application of the Deposit Guarantee Insurance System”, point 3.5.1 of the rules on “Term Deposits and Investments”, point 6.4.1 of the rules on “Savings Deposits, Salary Account, Universal Free Account and Special Accounts”, point 12.2.1 of the rules on “Regulation of the Bank Current Account” and point 10.2.1 of the rules on “Sight‑deposit Accounts Opened in Cooperative Credit Boxes”.

We also inform you that we will subsequently send the pages that, in replacement of those previously provided, must be incorporated into the respective ordered texts as a consequence of the adopted measure.

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We greet you attentively.

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA

Matías A. Gutiérrez Girault Darío C. Stefanelli

Gerente de Emisión de Normas Subgerente General de Normas a/c