Normative Instruction BCB No. 557 — Discloses procedures regarding Resolution BCB No. 145 of September 24, 2021, which defines and consolidates the rules for mandatory reserve deposits on time resources

Resolution No. 222

BCB NORMATIVE INSTRUCTION NO. 557, OF DECEMBER 2, 2024

Discloses procedures regarding Resolution BCB No. 145, of September 24, 2021, which defines and consolidates the rules for mandatory reserve deposits on time resources.

The Head of the Department of Banking Operations and Payment Systems (Deban), in the exercise of the authority conferred by Article 23, item I, letter “a”, of the Internal Regulations of the Central Bank of Brazil, annexed to Resolution BCB No. 340, of September 21, 2023, and taking into account the provisions of Resolution BCB No. 145, of September 24, 2021,

R E S O L V E:

Art. 1 This Normative Instruction discloses procedures regarding the mandatory reserve deposit on time resources, as provided for in Resolution BCB No. 145, of September 24, 2021.

Art. 2 For the sending and consultation of information and movement of resources regarding the mandatory reserve deposit on time resources, institutions must observe the following procedures:

I - participating institutions in the Reserve Transfer System – STR with main access via the National Financial System Network – RSFN: use the RSFN; and

II - other institutions: use the STR-Web application.

Art. 3 For the provision of information referred to in Article 2 regarding reference dates from January 1, 2025, institutions must use the message “RCO0002 - IF informs Statement”, from the RCO Service Group, contained in the Service Catalog of the National Financial System, filling in the field “CodRCO” with the value “9 - Time Resources”, observing the following codes from the Domain Dictionary:

I - CodItem 9001 - total balance of the item “4.1.5.10.00.00-3 TIME DEPOSITS”, from the Accounting Standard of Institutions Regulated by the Central Bank of Brazil – Cosif (Article 3, item I, of Resolution BCB No. 145, of September 24, 2021);

II - CodItem 9002 - total balance of the item “4.3.1.10.00.00-1 OBLIGATIONS BY ACCEPTANCE OF EXCHANGE DOCUMENTS”, from Cosif (Article 3, item II, of Resolution BCB No. 145, of September 24, 2021);

III - CodItem 9004 - total balance of the item “4.2.1.10.80.00-4 Own Issuance Titles”, from Cosif (Article 3, item IV, of Resolution BCB No. 145, of September 24, 2021);

IV - CodItem 9005 - total balance of the item “4.9.9.12.20.00-5 Linked to Operations Carried Out with Foreign Countries”, from Cosif (Article 3, item V, of Resolution BCB No. 145, of September 24, 2021), corresponding to obligation assumption contracts linked to operations carried out with foreign countries; and

V - CodItem 9024 - total balance of the item “4.1.5.10.55.00-3 Contracted with Guarantee Funds - LC No. 101 and LC No. 130” (Article 3, sole paragraph, of Resolution BCB No. 145, of September 24, 2021).

Art. 4 The calculations of the exigibility deductions established in Articles 6 and 7 of Resolution BCB No. 145, of September 24, 2021, and consequently of the exigibility to be deposited, shall be carried out as follows: (Wording given by BCB Normative Instruction No. 768, of 13/8/2026.)

Exigibility to be Deposited = Pre-Exigible – DeducLFL – DeducPR1 – DeducFGC, in which: (Wording given by BCB Normative Instruction No. 768, of 13/8/2026.)

I - Pre-Exigible = exigibility without deductions, according to Article 5 of Resolution BCB No. 145, of September 24, 2021;

II - DeducLFL = deduction associated with the average in the calculation period of the Total Financial Limit for operations of the Term Liquidity Line – LT.LLT at the daily opening of the Liquidity Financial Lines – LFL system, established in Article 6 of Resolution BCB No. 145, of September 24, 2021; (Wording given by BCB Normative Instruction No. 768, of 13/8/2026.)

III - DeducPR1 = deduction established in Article 7 of Resolution BCB No. 145, of September 24, 2021; and (Wording given by BCB Normative Instruction No. 768, of 13/8/2026.)

IV - DeducFGC = deduction associated with the advance to the Credit Guarantee Fund – FGC, as established in Resolution BCB No. 551, of March 3, 2026. (Included by BCB Normative Instruction No. 768, of 13/8/2026.)

§ 1 The calculation of DeducLFL is carried out by the Mandatory Reserve Collection System – RCO at the time of calculating the institution's exigibility, considering the information available in the field “Total LLT Limit Value” of the message “LFL0014 - LFL informs available limits” sent at the daily opening of the LFL system on each day of the calculation period.

§ 2 For the purpose of verifying the calculation of DeducLFL, financial institutions without main access to the RSFN may consult the LT.LLT at the beginning of each day via the “Limits” tab of the “LFL” portlet of the STR-Web application.

Art. 5 For the purposes of the provisions of Resolution BCB No. 131, of August 20, 2021, Deban will monitor the conduct of institutions regarding the provision and timely sending of documents, data, or information related to mandatory reserve deposits, subjecting the institution and its administrators to the penalties provided for in the current regulation.

Art. 6 BCB Normative Instruction No. 162, of October 1, 2021, published in the Official Gazette of the Union on October 4, 2021, is hereby revoked.

Art. 7 This Normative Instruction enters into force on January 1, 2025.

ROGÉRIO
ANTÔNIO LUCCA

NOTE

Decree No. 10,411, of June 30, 2020, provides, in its Article 3, that the issuance, alteration, or revocation of normative acts of general interest to economic agents or users of services provided by direct, autarchic, and foundational federal public administration bodies and entities shall be preceded by a regulatory impact analysis – AIR.

However, this same Decree lists, in the items of § 2 of its Article 3, normative acts to which the aforementioned obligation does not apply, among which we highlight the acts “that deal strictly with exchange and monetary policy” (item IV of said paragraph).

Therefore, taking into account that it deals strictly with monetary policy, the preparation of an AIR does not apply to the proposed Normative Instruction.

ROGÉRIO
ANTÔNIO LUCCA

Head of the Department of Banking Operations and Payment Systems