CMN Resolution No. 5,216 — Amends Mandatory Resource Requirements (MCR 6-2, 6-4, 6-7) and Extends MCR 6-2 to Credit Cooperatives

Resolution No. 5,216

The current text of the MCR can be found at the following electronic address: www3.bcb.gov.br/mcr.

CMN RESOLUTION NO. 5,216, OF MAY 22, 2025

Amends the percentage of the mandatory resource requirement (MCR 6-2) and its sub-requirements, extends the MCR 6-2 requirement to credit cooperatives, amends the percentage of the mandatory resource requirement for rural savings (MCR 6-4) and for resources raised through the issuance of Agribusiness Credit Letters (MCR 6-7), and adjusts other provisions of MCR 6-7.

The Central Bank of Brazil, in accordance with Article 9 of Law No. 4,595 of December 31, 1964, makes it public that the National Monetary Council, in a session held on May 22, 2025, considering the provisions of Article 4, caput, item VI, of Law No. 4,595 of December 31, 1964, and Articles 4, 14, and 21 of Law No. 4,829 of November 5, 1965,

HAS RESOLVED:

Article 1. Section 2 (Mandatory) of Chapter 6 (Resources) of the Rural Credit Manual – MCR shall enter into force with the following amendments:

“3 - The mandatory allocation requirement for Mandatory Resources is the duty of the financial institution to keep applied in rural credit operations a portion of the value calculated in accordance with item 2, considering, for compliance with this requirement, the daily average balances of the operations related to business days, subject to the provisions of item 3-B.” (NR)

“3-B - The mandatory allocation percentages referred to in item 3 are as follows:

a) for the financial institutions referred to in items “a” and “b” of item 7: 31.5% (thirty-one and five-tenths percent) of the value calculated in accordance with item 2;

b) for the financial institutions referred to in item “c” of item 7:

I - 6% (six percent), in the compliance period starting on the first business day of July 2025 and ending on the last business day of June 2026;

II - 13% (thirteen percent), in the compliance period starting on the first business day of July 2026 and ending on the last business day of June 2027;

III - 22% (twenty-two percent), in the compliance period starting on the first business day of July 2027 and ending on the last business day of June 2028; and

IV - 31.5% (thirty-one and five-tenths percent), from the compliance period starting on the first business day of July 2028.” (NR)

“3-C - Regarding the mandatory allocation referred to in item 3, when single credit cooperatives are part of cooperative systems and raise resources in accordance with item 1, the following conditions must be observed:

a) the proof of allocation of resources to rural credit must be performed in a consolidated manner:

I - by the credit confederation or cooperative bank, when part of cooperative systems organized in 3 (three) levels;

II - by the central credit cooperative, when part of cooperative systems organized in 2 (two) levels; and

b) the credit confederation, cooperative bank, or central credit cooperative that incurs a deficiency in application in fulfilling the mandatory allocation for rural credit is subject to payment of the financial cost referred to in MCR 6-5.” (NR)

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b) financial institutions that raise resources in the form of Interfinancial Deposit Linked to Rural Credit – DIR;

c) credit confederations, cooperative banks, central credit cooperatives, and single credit cooperatives authorized to operate in rural credit.

c)(Revoked by CMN Resolution No. 5,227, of 6/26/2025.)” (NR)

“8 - As part of the Pronamp Sub-requirement, at least 50% (fifty percent) of the total mandatory resource value must be kept applied in financing operations:

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(NR)

“9 - It is admitted that up to 10% (ten percent) of the Pronamp Sub-requirement may be fulfilled with investment operations under the Pronamp.” (NR)

“10 - As part of the Pronaf Sub-requirement, at least 35% (thirty-five percent) of the total mandatory resource value must be kept applied in financing operations under the National Program to Strengthen Family Agriculture – Pronaf.” (NR)

Article 2. Section 4 (Rural Savings) of Chapter 6 of the MCR shall enter into force with the following amendments:

“2 - The mandatory allocation requirement for rural savings resources is the obligation of the financial institution to keep applied in rural credit operations a value corresponding to 70% (seventy percent) of the arithmetic mean of the Value Subject to Collection – VSR related to rural savings deposits, calculated during the calculation period, considering for compliance with this requirement the daily average balances of the operations related to business days.” (NR)

Article 3. Section 7 (Agribusiness Credit Letter – LCA) of Chapter 6 of the MCR shall enter into force with the following amendments:

“2 - The mandatory allocation requirement for resources raised through the issuance of LCA is the duty of the financial institution to keep applied in rural credit operations the value corresponding to 60% (sixty percent) of the value calculated in accordance with item 4.” (NR)

“2-A - Regarding the allocation referred to in item 2, single credit cooperatives, part of cooperative systems, must observe the following conditions when raising resources through the issuance of LCA:

a) the proof of allocation of resources to rural credit must be performed in a consolidated manner:

I - by the credit confederation or cooperative bank, when part of cooperative systems organized in 3 (three) levels;

II - by the central credit cooperative, when part of cooperative systems organized in 2 (two) levels; and

b) the credit confederation, cooperative bank, or central credit cooperative that incurs a deficiency in application in fulfilling the allocation for rural credit is subject to payment of the financial cost referred to in MCR 6-5.” (NR)

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a) at least 45% (forty-five percent) must be applied in rural credit operations, and, in the case of Price Guarantees for Producers Financing – FGPP and financing for poultry, swine, and aquaculture activities operated under an integration regime, the conditions established in MCR 4-1 and MCR 4-6 must be observed, respectively;

b) as an option, up to 55% (fifty-five percent) may be applied in:

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(NR)

Article 4. The Central Bank of Brazil shall, in accordance with its legal competencies, establish procedures regarding calculation periods applicable to credit confederations, cooperative banks, central credit cooperatives, and single credit cooperatives subject to the mandatory allocation requirement for Mandatory Resources in the compliance period starting on the first business day of July 2025 and ending on the last business day of June 2026.

Article 5. Article 1 of CMN Resolution No. 5,210 of May 9, 2025, published in the Official Gazette of the Union on May 13, 2025, is hereby revoked, in part, in that it amends items 2 and 2-A of Section 7 of Chapter 6 of the MCR.

Article 6. This Resolution enters into force:

I - on the date of publication, regarding Article 5; and

II - on July 1, 2025, regarding the remaining provisions.

GABRIEL MURICCA
GALÍPOLO
President of the Central Bank of Brazil