Resolution CMN No. 1457: Establishment of New Banking Hours for Public Service

RESOLUTION NO. 001457

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

RESOLVES:

I - To establish, effective February 22, 1988, inclusive, the following hours for public service at commercial banks, development banks, savings banks, and popular credit cooperatives (Luzzatti type):

a) in the municipalities of São Paulo (SP) and Rio de Janeiro (RJ): start at 10:00 and end at 16:30 hours;

b) in the other municipalities of the state capitals, of the Territories, and in the Federal District: start at 10:00 and end at 16:00 hours;

c) in other municipalities, except capitals:

located in the North and Northeast Regions: start at 08:00 and end at 13:00 hours;
located in other regions of the Country: start at 10:00 and end at 15:00 hours;

d) in municipalities with a population density superior to 250,000 (two hundred and fifty thousand) inhabitants (according to IBGE estimate for 1985), the Central Bank of Brazil may examine the establishment of a public service hour, comprising between 10:00 hours and 16:30 hours, observing local conveniences and the limitations imposed by the integration of Check Clearing Services and banking routines.

II - To delegate competence to the Central Bank to resolve omitted cases.

III - This Resolution shall enter into force on the date of its publication, with Circulars No. 400, of October 19, 1978, No. 403, of November 7, 1978, insofar as they concern the advance payment of benefits, and No. 1,014, of March 25, 1986, as well as the provisions of Resolution No. 428, of May 26, 1977, relating to the functioning for the public by the institutions mentioned in item I of this Resolution, being revoked effective February 22, 1988.

Brasília-DF, January 27, 1988

Wadico Waldir Bucchi
President, in exercise

What changed in the obligations

Against Circular No. 1014 - Banking Hours - Public Service at Commercial Banks, Development Banks, Investment Banks, Savings Banks, and Credit Cooperatives (1986-03-25)

1 new obligation · 1 deadline changed

1 obligation is the same in both texts.

Changed (1)

Deadline
Before
b) in other municipalities: - start at 11:30 and end at 16:30 hours.
Now
RESOLVES: I - To establish, effective February 22, 1988, inclusive, the following hours for public service at commercial banks, development banks, savings banks, and popular credit cooperatives (Luzzatti type): c) in other municipalities, except capitals: 2. located in other regions of the Country: start at 10:00 and end at 15:00 hours;

New in this text (1)

RESOLVES: I - To establish, effective February 22, 1988, inclusive, the following hours for public service at commercial banks, development banks, savings banks, and popular credit cooperatives (Luzzatti type): c) in other municipalities, except capitals: 1. located in the North and Northeast Regions: start at 08:00 and end at 13:00 hours;

Against Resolution CMN No. 428 — Establishes Public Service Hours for Financial Institutions Starting June 2, 1977 (1977-05-26)

2 new obligations · 1 change of scope

Changed (1)

Scope
Before
I - To establish that, starting from June 2, 1977, inclusive, public service at Commercial Banks, Investment Banks, Development Banks, Savings Banks, Credit Cooperatives, Real Estate Credit Societies, Savings and Loan Associations, Credit, Financing and Investment Societies, Securities and Financial Assets Distributors and Securities and Financial Assets Brokers, in the municipalities of Rio de J…
Now
RESOLVES: I - To establish, effective February 22, 1988, inclusive, the following hours for public service at commercial banks, development banks, savings banks, and popular credit cooperatives (Luzzatti type): a) in the municipalities of São Paulo (SP) and Rio de Janeiro (RJ): start at 10:00 and end at 16:30 hours;

New in this text (2)

RESOLVES: I - To establish, effective February 22, 1988, inclusive, the following hours for public service at commercial banks, development banks, savings banks, and popular credit cooperatives (Luzzatti type): c) in other municipalities, except capitals: 1. located in the North and Northeast Regions: start at 08:00 and end at 13:00 hours;
RESOLVES: I - To establish, effective February 22, 1988, inclusive, the following hours for public service at commercial banks, development banks, savings banks, and popular credit cooperatives (Luzzatti type): c) in other municipalities, except capitals: 2. located in other regions of the Country: start at 10:00 and end at 15:00 hours;

“Not carried over” means the sentence has no counterpart in this text; the rule can still be in force in another text.

Resolution CMN No. 1457: Establishment of New Banking Hours for Public Service

RESOLUTION NO. 001457

Lineage: Superseded

Timeline

What changed in the obligations

Similar documents from other regulators