RegAlert2025-10-29 | Instrução Normativa BCB 677Added
Normative Instruction BCB No. 677 — Clarifications and Procedures Regarding Reserve Requirements on Savings Deposits
This instruction establishes specific deduction percentages for mandatory reserve requirements on free savings deposits, requiring at least 80% of the deduction to relate to SFH housing financing and limiting home equity loans to 3% of the total deduction. Financial institutions must use separate control accounts to track eligible real estate credit operations contracted from October 13, 2025, and report these values using specific message codes and dictionary items. The regulation mandates internal controls to ensure balance calculations adhere to defined formulas and specifies operational procedures for submitting reserve information via the STR system.
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Resolution No. 222
BCB NORMATIVE INSTRUCTION NO. 677, OF OCTOBER 29, 2025
Publishes clarifications and procedures regarding BCB Resolution No. 188, of February 23, 2022, which defines and consolidates the rules for the mandatory collection of reserves on savings deposit funds.
The Head of the Department of Banking Operations and Payment Systems – Deban, using the authority conferred by art. 23, item I, letter “a”, of the Internal Regulations of the Central Bank of Brazil, annexed to BCB Resolution No. 340, of September 21, 2023, and considering the provisions of BCB Resolution No. 188, of February 23, 2022,
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Lineage: In force
Source: Banco Central do Brasil — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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