CMN Resolution No. 4690 — Proposes amendments to limits for contracting internal credit operations with and without Union guarantee with public sector entities in 2018

The Central Bank of Brazil, in accordance with Article 9 of Law No. 4,595 of December 31, 1964, makes public that the National Monetary Council, in a session held on October 29, 2018, considering the provisions of Article 4, items VI and VIII, of the aforementioned Law,

R E S O L V E D:

Art. 1. Resolution No. 4,589 of June 29, 2017, shall enter into force with the following amendment:

“Art. 5. ……

§ 1. For the purposes of the provision in the caput, the National Monetary Council shall establish the limit, specifying the maximum amounts that may be contracted in credit operations with and without Union guarantee.

……” (NR)

Art. 2. The Annex to Resolution No. 4,589 of 2017 shall enter into force as set forth in the Annex to this Resolution.

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

Ilan Goldfajn
President of the Central Bank of Brazil

ANNEX
(Annex to Resolution No. 4,589 of June 29, 2017)

Annual limit for contracting credit operations with public sector entities to be observed by financial institutions and other entities authorized to operate by the Central Bank of Brazil

Year	Operations with Union guarantee	Operations without Union guarantee	Total
2018	Up to R$13,000,000,000.00	Up to R$11,000,000,000.00	Up to R$24,000,000,000.00