Resolution CMN No. 1111 - Interbank Deposits - Limits - Authorizes SCFIs and SCIs to Receive Fixed-Term Deposits

RESOLUTION NO. 001111

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 NATIONAL, in a session held on this date, having regard to the provisions of item XXXII, of Article 4 of the aforementioned Law,

RESOLVES:

I - To authorize financial credit, financing, and investment societies and real estate credit societies to receive fixed-term deposits, as provided for in item III of Resolution No. 1,102 of February 28, 1986, provided that the conditions stipulated therein are met and the complementary norms established by the Central Bank.

II - The Central Bank may adopt the measures deemed necessary for the execution of this Resolution.

III - This Resolution shall enter into force on the date of its publication.

Brasília-DF, March 19, 1986

Fernão Carlos Botelho Bracher
President