CMN Resolution No. 2284 — Governs Real Estate of Financial Institutions and Other Institutions Authorized by the Central Bank of Brazil

RESOLUTION No. 2284

Governs real estate of financial institutions and other institutions authorized to operate by the Central Bank of Brazil.

THE CENTRAL BANK OF BRAZIL, in accordance with Article 9 of Law No. 4,595 of December 31, 1964, makes public that the MONETARY COUNCIL, in a session held on June 5, 1996, considering the provisions of Articles 4, items VIII and XI, and 35 of the aforementioned Law,

RESOLVES:

Article 1. It is established that the following real estate may be subject to lease, rental, or assignment, total or partial, temporarily:

I - belonging to financial institutions and other institutions authorized to operate by the Central Bank of Brazil, intended for own use, while not utilized, observing the provisions of Article 4 of Resolution No. 2,283 of June 5, 1996;

II - received by the institutions cited in the previous item in settlement of loans of difficult or doubtful solution, while not alienated, observing the period established in Article 35 of Law No. 4,595 of December 31, 1964.

Article 2. The Central Bank of Brazil is authorized to issue the norms and adopt the measures necessary for the execution of the provisions of this Resolution.

Article 3. This Resolution enters into force on the date of its publication.

Brasília, June 5, 1996

Gustavo Jorge Laboissière Loyola
President