RESOLUTION No. 000101

---

THE CENTRAL BANK OF BRAZIL, under the terms of art. 9 of Law No. 4,595 of December 31, 1964, makes public that the National Monetary Council, in a session held on 11.7.1968, having regard to the provisions of Resolution No. 58 of October 23, 1968, of the FEDERAL SENATE, published in the Official Gazette of the Union of October 29, 1968,

HAS RESOLVED:

I - In order to comply with the determinations contained in Resolution No. 58 of 10.23.68 of the Federal Senate, the States and Municipalities shall send to the Central Bank of Brazil, within 15 (fifteen) days from this date, a demonstrative table of the position as of October 29, 1968 of obligations of any nature, issued directly or through autarchic entities, specifying:

a) the amount of the consolidated debt;

b) the amount of operations carried out for the anticipation of revenue authorized in the annual budget, considered as such only those that strictly fall within the limits and settlement period established in art. 69 of the Federal Constitution;

c) the amount of obligations of any other nature, including promissory notes.

In each case, the quantity and unit values of the securities of each series shall be indicated; interest and/or monetary correction and/or maximum discount authorized in the placement, and dates of issue, placement and maturity; as well as the percentage relationship between each of the amounts referred to in items "a", "b" and "c" above and the global value of the revenue budgeted in the fiscal year.

II - The table referred to in the previous item shall be updated monthly, with the indication of redemptions, placement and issuance occurring in the period.

III - In the hypothesis provided for in §§ 1 and 2 of art. 1 of the aforementioned Resolution No. 58 of the Federal Senate, the technical justification required therein shall be delivered to the Central Bank of Brazil, for presentation to the National Monetary Council, at least 60 (sixty) days in advance of the date scheduled for the intended issuance on an exceptional basis.

IV - The Stock Exchanges shall inform the Central Bank of Brazil, by the 5th day of each month, of the amount, nature and characteristics (including term and profitability) of the state and municipal securities traded through them in the previous month.

V - Identical communication to that referred to in the previous item shall be made by brokers or distributors, in relation to negotiations carried out through them that have not been registered on the Exchange.

VI - Upon finding any irregularity in compliance with the aforementioned Resolution No. 58 of the Federal Senate, the Central Bank of Brazil, regardless of the application of legal sanctions within its competence, as to the responsibility of intermediaries, brokers or distributors, shall communicate the occurrence to the National Monetary Council, so that the latter, through the Minister of Finance, submits it to the President of the Republic, with a view to action by the Union, in relation to the responsible State or Municipality, under the terms of the Federal Constitution.

Rio de Janeiro-GB, November 8, 1968

CENTRAL BANK OF BRAZIL

Ernane Galvêas
President