Resolution CMN No. 2099 — Approves Regulations on Access to the National Financial System, Minimum Capital and Adjusted Net Worth, Branch Installation, and Net Worth Maintenance

RESOLUTION NO. 2099

Approves regulations that provide for the conditions regarding access to the National Financial System, the mini- mum values of capital and adjusted net worth, the installation of branches and the obligation to maintain adjusted net worth at a value compatible with the degree of risk of the active operations of financial institutions and other institutions au- thorized to operate by the Central Bank.

THE CENTRAL BANK OF BRAZIL, in accordance with Art. 9 of Law No. 4,595, of December 31, 1964, makes public that the MONETARY COUNCIL, meeting on August 17, 1994, considering the provisions of Art. 4, items VIII, XI and XIII, of said Law No. 4,595/64, in Law No. 4,728, of July 14, 1965, in Art. 20, paragraph 1, of Law No. 4,864, of November 29, 1965, in Art. 6 of Decree-Law No. 759, of August 12, 1969, in Law No. 6,099, of September 12, 1974, with the amendments introduced by Law No. 7,132, of October 26, 1983, and in Art. 7 of Decree-Law No. 2,291, of November 21, 1986,

RESOLVES:

Art. 1 Approve the regulations attached, which regulate, regarding financial institutions and other institutions authorized to operate by the Central Bank of Brazil:

I - the authorization for operation, transfer of corporate control and reorganization - Annex I;

II - the minimum limits of paid-in capital and net worth, adjusted in accordance with current regulation - Annex II;

III - the installation and operation of branches in the country - Annex III;

IV - the obligation to maintain a value of net worth, adjusted in accordance with current regulation, compatible with the degree of risk of the asset structure - Annex IV.

Art. 2 The observance of the capital and net worth standards referred to in Annexes II and IV is an indispensable condition for the operation of financial institutions and other institutions authorized to operate by the Central Bank of Brazil.

Paragraph 1 If non-compliance with the capital and/or net worth standards referred to in this article is found, the Central Bank of Brazil will summon the legal representatives of the institution to inform about the measures that will be adopted with a view to regularizing the situation.

Paragraph 2 The appearance of the legal representatives of the institution must occur within a maximum period of 5 (five) days counted from the date of the summons, formalized through the drawing up of a specific record by the Central Bank of Brazil.

Paragraph 3 A regularization plan, endorsed by the institution's board of directors and board of trustees, if any, containing the measures planned for compliance and its respective execution schedule, which may not exceed 6 (six) months, must be submitted to the Central Bank of Brazil within 15 (fifteen) days counted from the drawing up of the appearance record, for approval.

Paragraph 4 The implementation of the regularization plan must be subject to monitoring by the independent auditor, who will send monthly reports to the Central Bank of Brazil.

Paragraph 5 The institution's failure to meet the capital and net worth standards referred to in this article, as well as the failure to submit the regularization plan within the stipulated period, the non-approval of the plan by the Central Bank of Brazil, or its non-compliance, are prerequisites for the application of the provisions of Art. 15 of Law No. 6,024, of March 13, 1974.

Art. 3 For the purpose of classifying the net worth at the minimum value established in Annex II, as well as its compatibility with the degree of risk of the institution's asset structure, according to the methodology defined in Art. 2 of Annex IV of this Resolution, the maintenance, for a maximum period of 90 (ninety) days, of a deposit in a linked account in an amount sufficient to cover the verified deficiency will be admitted.

Sole Paragraph. The deposit in a linked account referred to in this article:

I - will be considered as an integral part of the institution's net worth;

II - may be made in cash or in securities issued by the National Treasury and/or the Central Bank of Brazil, provided that they are registered in the Special Settlement and Custody System - SELIC;

III - must be maintained in a specific custody account at the Central Bank of Brazil and listed in a separate schedule;

IV - will only be released with the express authorization of the Central Bank of Brazil.

Art. 4 The institution may only distribute results, under any title, in an amount exceeding the minimum limits established by law or in its statutes, in situations where such distribution does not compromise the capital and/or net worth standards referred to in Annexes II and IV.

Art. 5 Insert a sole paragraph into Art. 16 of the Regulation attached to Resolution No. 1,914, of March 11, 1992, which governs the constitution and operation of credit cooperatives, with the following wording:

"Art. 16 .....................................................

Sole Paragraph. The collection of demand and time deposits mentioned in items "a" and "b" of item I may only be carried out with its members."

Art. 6 The installation of branches by development banks and credit cooperatives remains prohibited.

Art. 7 The Central Bank of Brazil is authorized to issue the rules and adopt the measures deemed necessary for the execution of the provisions of this Resolution.

Art. 8 This Resolution enters into force on the date of its publication.

Art. 9 The following are revoked:

I - from the date of publication of this Resolution:

a) Resolutions Nos. 156, of September 10, 1970, 201, of December 20, 1971, 246, of January 16, 1973, 310, of October 25, 1974, 341, of August 15, 1975, 632, of August 27, 1980, 658, 659 and 660, of December 17, 1980, 792, of January 11, 1983, 1,082, of January 30, 1986, 1,493, of June 29, 1988, 1,535, of November 30, 1988, 1,602, of April 27, 1989, 1,648 and 1,649, of October 25, 1989, 1,687, of February 21, 1990, 1,741, of August 30, 1990, 1,776, of December 6, 1990, 1,864, of September 5, 1991, 2,056, of March 17, 1994, 2,066, of April 22, 1994, 2,070 and 2,071, of May 6, 1994, Circulars Nos. 755, of January 11, 1983, 867, of July 17, 1984, 1,305, of March 23, 1988, 1,328, of July 6, 1988, 1,394, of December 9, 1988, 1,404 and 1,408, of December 29, 1988, 1,415, of January 13, 1989, 1,551, of December 7, 1989, 1,863, of December 14, 1990, 1,974, of June 14, 1991, 2,273, of January 29, 1993, 2,289, of March 18, 1993, 2,297, of April 7, 1993, and 2,314, of May 26, 1993, and Circular-Letters Nos. 1,927, of May 16, 1989, and 2,465, of June 21, 1994;

b) items III to VI of Resolution No. 20, of March 4, 1966, Art. 2 of the Regulation attached to Resolution No. 394, of November 3, 1976, items II and III of Resolution No. 980, of December 13, 1984, and Arts. 2 and 5 of the respective attached regulation, item III of Resolution No. 1,120, of April 4, 1986, and Art. 5 of the respective attached regulation, items II to IV of Resolution No. 1,428, of December 15, 1987, items I to IV and VII to X of Resolution No. 1,524, of September 21, 1988, and Arts. 1, 2, 5, 6, 7, 8, 10 and 13 of the respective attached regulation, items II to VIII of Resolution No. 1,632, of August 24, 1989, Art. 6 of the Regulation attached to Resolution No. 1,655, of October 26, 1989, Art. 2 of Resolution No. 1,770, of November 28, 1990, and Art. 4 of the respective attached regulation, Art. 54 of the Regulation attached to Resolution No. 1,914, of March 11, 1992, items 2 to 4, items "b" to "f" and "h" of item 5 and items 6 to 13 of Circular No. 1,364, of October 4, 1988, and Art. 1 of Circular-Letter No. 2,278, of May 25, 1992;

c) item XI of Art. 2 of the Regulation attached to Resolution No. 1,655, of October 26, 1989, solely with respect to the issuance of pledge certificates for debentures;

II - from December 31, 1994:

a) Resolution No. 1,608, of May 31, 1989, and Circulars Nos. 1,341, of July 28, 1988, 1,524, of August 10, 1989, and 1,849, of November 21, 1990;

b) items I to III and items "a" and "b" of item V of Resolution No. 1,499, of July 27, 1988, item VII of Resolution No. 1,502, of July 28, 1988, Arts. 2 and 3 of Resolution No. 1,949, of July 29, 1992, Art. 2 of Circular No. 1,967, of May 28, 1991, and item II of Art. 2 of Circular No. 2,402, of January 13, 1994;

c) solely with respect to debt limits, Art. 1 of Resolution No. 1,949, of July 29, 1992, and Resolution No. 1,990, of June 30, 1993;

d) except with respect to the debt limits of credit cooperatives, Resolutions Nos. 1,556, of December 22, 1988, and 1,909, of February 26, 1992, Circular No. 2,211, of August 5, 1992, and Arts. 1 and 2 of Circular-Letter No. 2,315, of September 2, 1992.

III - from April 30, 1995:

a) Resolutions Nos. 1,339, of June 15, 1987, 1,409, of October 29, 1987, 1,523, of September 21, 1988, 1,595, of March 29, 1989, and 1,933, of June 30, 1992, Circulars Nos. 1,364, of October 4, 1988, 1,399, of December 27, 1988, and 2,364, of September 23, 1993, and Circular-Letter No. 2,311, of September 1, 1992;

b) items V and VI of Resolution No. 1,524, of September 21, 1988, and Arts. 3 and 4 of the respective attached regulation, Art. 3 of the Regulation attached to Resolution No. 1,770, of November 28, 1990, paragraph 2 of Art. 1 of Resolution No. 2,042, of January 13, 1994, and the sole paragraph of Art. 4 of the Regulation attached to Circular No. 2,388, of December 17, 1993.

Brasília, August 17, 1994

Pedro Sampaio Malan
President

REGULATION ANNEXED TO RESOLUTION NO. 2,099, OF AUGUST 17, 1994, WHICH GOVERNS THE AUTHORIZATION FOR OPERATION, TRANSFER OF CORPORATE CONTROL AND REORGANIZATION OF FINANCIAL INSTITUTIONS AND OTHER INSTITUTIONS AUTHORIZED TO OPERATE BY THE CENTRAL BANK OF BRAZIL.

CHAPTER I

Of the Authorization for Operation and of the Transfer of Corporate Control

Art. 1 The granting, by the Central Bank of Brazil, of authorization for the operation of multiple banks, commercial banks, investment banks, development banks, credit companies, investment and loan companies, real estate credit companies, leasing companies, securities brokerage companies, securities distribution companies and foreign exchange brokerage companies is conditioned on:

I - proof, by the controllers, of an economic situation compatible with the undertaking, observing the following parameters:

a) in the case of a legal entity, its respective net worth, deducting the portion related to the investment in the new institution, must correspond to at least 220% (two hundred and twenty percent) of that investment;

b) in the case of a natural person, their assets, deducting the portion related to the investment in the new institution and any participation in a legal entity referred to in the previous item, must correspond to at least 120% (one hundred and twenty percent) of that investment;

II - the absence of credit restrictions against administrators and controllers, including due to the declaration of purpose referred to in Art. 2 of this Regulation;

III - that the amount of paid-in capital corresponds, at minimum, to the limit fixed for the institution in accordance with Annex II.

Art. 2 The controllers of the institution to be constituted must publish a declaration of purpose in accordance with the terms to be established by the Central Bank of Brazil.

Paragraph 1 In the case of the constitution of an institution by a natural and/or legal person controlling an institution of the nature of those referred to in this Regulation, that person is exempt from complying with the requirement provided for in this article.

Paragraph 2 The exemption provided for in the previous paragraph does not apply to controllers of securities distribution companies, securities brokerage companies and foreign exchange brokerage companies.

Art. 3 The provisions of this chapter apply to the direct or indirect transfer of corporate control.

CHAPTER II

Of the Authorization for Reorganization

Art. 4 The following reorganization acts of the institutions referred to in this Regulation also depend on the authorization of the Central Bank of Brazil, observing, where applicable, the provisions of Arts. 1 and 2:

I - transformation into a multiple bank;

II - change of corporate purpose;

III - creation of an operational portfolio, by a multiple bank;

IV - change of legal type;

V - merger, spin-off or incorporation.

Art. 5 Institutions controlled by natural or legal persons residing or domiciled abroad, whether or not part of a conglomerate, may be transformed into multiple banks.

Sole Paragraph. The remaining institutions of the conglomerate referred to in this article, in the event of the transfer of corporate control to natural or legal persons residing or domiciled abroad, may not transform into multiple banks.

Art. 6 Leasing companies are prohibited from transforming into multiple banks.

CHAPTER III

Of the Multiple Bank

Art. 7 The multiple bank must be constituted with, at minimum, two of the following portfolios, one of which must be commercial or investment:

I - commercial;

II - investment and/or development, the latter exclusive for public banks;

III - real estate credit;

IV - credit, financing and investment; and

V - leasing.

Paragraph 1 The operations carried out by a multiple bank are subject to the same legal and regulatory norms applicable to the corresponding single institutions of their portfolios, observing the provisions of Art. 35, item I, of Law No. 4,595, of December 31, 1964.

Paragraph 2 There is no linkage between the sources of funds collected and the applications of the multiple bank, except in cases provided for in specific legislation and regulation.

Paragraph 3 It is prohibited for the multiple bank to issue debentures.

CHAPTER IV

Of the General Provisions

Art. 8 The transformation of an institution authorized to operate by the Central Bank of Brazil into any other type of institution will imply the automatic cancellation of the original authorization to operate.

Art. 9 The percentage of foreign participation in the share capital of institutions may not exceed the level verified at the time of the promulgation of the Federal Constitution, except for the cases provided for in the sole paragraph of Art. 52 of the Transitional Constitutional Provisions Act.

Art. 10 The authorizations referred to in this Regulation are granted on a non-negotiable, non-transferable and burden-free basis.

Art. 11 The Central Bank of Brazil:

I - will summarily deny, at its discretion, requests related to the matters covered by this Regulation, if irregularities are found against the administrators and/or controllers of the institution;

II - may request any additional documents and/or information deemed necessary for the decision regarding the claim;

III - will publish its decision in the Official Gazette.

Art. 12 The practice of any act governed by this Regulation without the due authorization will be considered a serious offense, subjecting the institution and its administrators to the penalties provided for in current legislation, without prejudice to its immediate cancellation and nullity of the effects arising therefrom.

REGULATION ANNEXED TO RESOLUTION NO. 2,099, OF AUGUST 17, 1994, WHICH ESTABLISHES MINIMUM LIMITS OF PAID-IN CAPITAL AND NET WORTH FOR THE FINANCIAL INSTITUTIONS AND OTHER INSTITUTIONS AUTHORIZED TO OPERATE BY THE CENTRAL BANK OF BRAZIL.

Art. 1 The minimum limits of paid-in capital and net worth specified below must be permanently observed by financial institutions and other institutions authorized to operate by the Central Bank of Brazil:

I - R$7,000,000.00 (seven million reais): commercial bank or commercial portfolio of a multiple bank;

II - R$6,000,000.00 (six million reais): investment bank, development bank, real estate credit company, corresponding portfolios of a multiple bank or savings bank;

III - R$3,000,000.00 (three million reais): credit, financing and investment company, leasing company or corresponding portfolios of a multiple bank;

IV - R$600,000.00 (six hundred thousand reais): securities brokerage company and securities distribution company that manage investment funds in the modalities regulated by the Central Bank of Brazil - except investment funds in quotas of investment funds - or investment companies, as well as those that carry out committed operations, firm guarantee of subscription of securities for resale, margin account and/or "swap" operations;

V - R$200,000.00 (two hundred thousand reais):

a) securities brokerage company and securities distribution company that carry out activities not included in the previous item;

b) foreign exchange brokerage company.

Paragraph 1 In the case of a multiple bank, the sum of the values corresponding to the portfolios will have a 20% (twenty percent) reduction.

Paragraph 2 In the case of an institution that has its headquarters and, at minimum, 70% (seventy percent) of its branches located outside the States of Rio de Janeiro and/or São Paulo, the values of paid-in capital and net worth required under this article will have a 30% (thirty percent) reduction.

Paragraph 3 In the case of a branch of a financial institution domiciled abroad or of a commercial bank or multiple bank with a commercial portfolio under direct or indirect foreign control, the minimum limits established in this article will have an increase of 100% (one hundred percent).

Paragraph 4 For the institution to operate in the free exchange rate foreign exchange market, R$3,000,000.00 (three million reais) must be added to the values of paid-in capital and net worth established in this article.

Paragraph 5 For the purpose of verifying compliance with the minimum paid-in capital limit, the value corresponding to the monetary correction of the paid-in capital will be added.

Paragraph 6 The values referred to in this article will be updated monthly, starting from September 1, 1994, by the same index established for the purpose of net worth monetary correction.

Art. 2 Observing the minimum limits of paid-in capital and net worth required under Art. 1, the institutions referred to in this Regulation may apply for the installation, in the country, of up to 10 (ten) branches.

Sole Paragraph. The installation of branches beyond the number provided for in this article is permitted, provided that to the amount of the respective minimum values of paid-in capital and net worth, except for pioneer branches, 2% (two percent) is added for the States of Rio de Janeiro and/or São Paulo and 1% (one percent) for the other states, per unit.

Art. 3 The installation of branches abroad is permitted, provided that, observing specific regulation, 30% (thirty percent) is added to the amount of the respective minimum values of paid-in capital and net worth, per unit.

Art. 4 The adaptation of the paid-in capital and net worth values to the minimum limits fixed in this Regulation must occur by April 30, 1995.

Paragraph 1 In the case of a securities brokerage company, foreign exchange brokerage company and securities distribution company, the adaptation referred to in this article must occur as follows:

I - 60% (sixty percent), at minimum, by April 30, 1995;

II - 100% (one hundred percent) by April 30, 1996.

Paragraph 2 The granting of any authorization provided for in Annex I, the opening of new branches, as well as the qualification or authorization to exercise an activity for which there is a provision for paid-in capital and net worth, will imply the need for prompt compliance with the minimum limits fixed in this Regulation.

Paragraph 3 For institutions in operation, until the period provided for in the main text of this article is exhausted, the need to observe the paid-in capital and net worth limits fixed in the regulation in force at the time of the publication of this Regulation remains.

REGULATION ANNEXED TO RESOLUTION NO. 2,099, OF AUGUST 17, 1994, WHICH GOVERNS THE INSTALLATION AND OPERATION, IN THE COUNTRY, OF BRANCHES OF FINANCIAL INSTITUTIONS AND OTHER INSTITUTIONS AUTHORIZED TO OPERATE BY THE CENTRAL BANK OF BRAZIL

CHAPTER I

Of the Branches

Art. 1 The branches of financial institutions and other institutions authorized to operate by the Central Bank of Brazil are classified as:

I - Branch;

II - Banking Service Post (PAB);

III - Temporary Service Post (PAT);

IV - Gold Purchase Post (PCO);

V - Electronic Banking Service Post (PAE);

VI - Cooperative Service Post (PAC).

CHAPTER II

Of the Branch

Art. 2. A branch is a facility of financial institutions and other institutions authorized to operate by the Central Bank of Brazil, destined for the practice of activities for which the institution is regulationally enabled.

Sole paragraph. The institutions referred to in this article may centralize the accounting of branches in the same municipality in a branch of the same location, provided that prior notice is given to the Central Bank of Brazil, which may adopt specific procedures regarding foreign exchange operations.

Art. 3. A pioneer branch is one installed in a location without any other branch of a multiple bank with commercial portfolio, commercial bank, or savings bank, and may have public service hours different from those established for the location, provided that fixed by mutual agreement with municipal authorities.

Sole paragraph. The accounting of the pioneer branch's transactions may be managed by the headquarters or another branch, which will periodically incorporate the entries, and this procedure is mandatory during balance sheets and financial statements.

CHAPTER III

Of the Banking Service Post (PAB)

Art. 4. A Banking Service Post (PAB) is a facility of a multiple bank with commercial portfolio, commercial bank, and savings bank, with the following characteristics:

I - may only be installed in an internal premises of a public administration entity or private company;

II - is intended to provide all services for which the institution is regulationally enabled of exclusive interest:

a) of the respective government and its employees, when installed in a public administration entity;

b) of the respective company, its employees and administrators, when installed in a private company's premises;

III - is subordinate to the headquarters or a branch installed in the same municipality, to whose accounting its daily transactions must be incorporated on the same date they occur;

IV - may have service hours different from those of the headquarters or branch to which it is subordinate, conditioned by the convenience of the financial institution and the public entity or company benefited.

CHAPTER IV

Of the Temporary Service Post (PAT)

Art. 5. A Temporary Service Post (PAT) is a facility of a multiple bank, commercial bank, savings bank, investment bank, development bank, real estate credit society, credit, financing and investment society, leasing society, securities brokerage society, securities distribution society, and credit cooperative, except those of the "Luzzatti" type, with the following characteristics:

I - may only be installed in:

a) premises of fairs, exhibitions, congresses, and other events of a similar nature;

b) locations with large temporary influx of the public;

II - is intended to provide the services permitted to the institution, its operation for more than 90 (ninety) days is prohibited;

III - is subordinate to the headquarters or a branch of the institution, to whose accounting its daily transactions must be incorporated on the same date they occur;

IV - may have public service hours different from the operating hours of the headquarters or branch to which it is subordinate;

V - may be fixed or mobile.

CHAPTER V

Of the Gold Purchase Post (PCO)

Art. 6. A Gold Purchase Post (PCO) is a facility of a multiple bank with commercial and/or investment portfolio, commercial bank, investment bank, securities brokerage society, and securities distribution society, with the following characteristics:

I - is intended exclusively for the acquisition of physical gold in producing regions, any other type of operation being prohibited;

II - is subordinate to the headquarters or a branch, to whose accounting its daily transactions must be incorporated on the same date they occur;

III - may have public service hours different from the operating hours of the headquarters or branch to which it is subordinate.

Sole paragraph. The institution must, according to the timeframes and conditions established by the Central Bank of Brazil:

I - communicate the installation, closure, or change of location of the PCO to that Autarchy, to the State Treasury Secretariat, and to the respective Municipal City Hall;

II - inform the Central Bank of Brazil monthly of the volume of gold acquired daily.

CHAPTER VI

Of the Electronic Banking Service Post (PAE)

Art. 7. An Electronic Banking Service Post (PAE) is an automated facility of a multiple bank with commercial portfolio, commercial bank, and savings bank, with the following characteristics:

I - is intended to provide the following services:

a) withdrawals;

b) deposits;

c) payments;

d) account balances;

e) account statements;

f) fund transfers;

g) provision of checkbooks;

II - customer service is carried out through a transaction triggered exclusively by the insertion of a private password;

III - may be fixed or mobile;

IV - must be linked to an individual network - belonging to a financial institution or its subsidiary - or an associated network - belonging to more than one financial institution or its subsidiaries, being:

a) participation of other financial institutions admitted, by agreement;

b) used by clients of the owning institutions and/or the agreeing institutions;

V - is not subject to the fixed hours for the operation of financial institutions.

Paragraph 1. The networks must maintain control and processing centers that allow daily monitoring of each post, as well as the interruption of their operations when necessary.

Paragraph 2. In the case of an associated network or in the event of participation by agreement, the control centers must be capable of executing the procedures mentioned in the previous paragraph at the level of each participating institution.

Paragraph 3. The creation of an associated network depends on prior authorization from the Central Bank of Brazil.

Paragraph 4. The individual network may only be installed in a municipality where the institution has its headquarters or a branch.

CHAPTER VII

Of the Cooperative Service Post (PAC)

Art. 8. A Cooperative Service Post (PAC) is a facility of a credit cooperative, except those of the "Luzzatti" type, intended to provide the services for which the institution is regulationally enabled, with the following characteristics:

I - may be installed exclusively in the municipality of the headquarters and in neighboring municipalities;

II - service must be carried out exclusively by cooperative employees;

III - may not have its own accounting, its daily transactions must be incorporated into those of the headquarters on the same date they occur;

IV - may have public service hours different from those established for the location.

CHAPTER VIII

Of Special Provisions

Art. 9. Multiple banks, commercial banks, savings banks, investment banks, development banks, real estate credit societies, credit, financing and investment societies, leasing societies, credit cooperatives, securities brokerage societies, securities distribution societies, and currency exchange brokerage societies may maintain a Disaggregated Administrative Unit (UAD), intended to execute accounting and administrative activities of an internal nature, observing the following:

I - must be installed in the same municipality as the institution's headquarters or branch;

II - public service and the disclosure of the UAD's address in printed material or any type of advertising are prohibited.

Art. 10. Multiple banks with credit, financing, and investment portfolios and credit, financing, and investment societies may maintain, in locations where they have a branch, personnel from their staff at commercial establishments for the contracting of consumer financing operations and respective collection.

CHAPTER IX

Of General Provisions

Art. 11. It is an indispensable condition for the installation of branches of the institutions referred to in this Regulation the compliance with legal and regulatory provisions, especially:

I - minimum levels of paid-in capital and adjusted net worth, in accordance with Art. 4, sole paragraph 2, of Annex II;

II - value of adjusted net worth compatible with the risk level of its asset structure;

III - immobilization index;

IV - risk diversification limits and other operational limits;

V - prior authorization from the Central Bank of Brazil.

Art. 12. Authorization by the Central Bank of Brazil for the installation of a branch may be obtained in one of the following ways:

I - automatically, through a specific transaction of the Central Bank Information System (SISBACEN);

II - through a written request, in the case of an applicant who does not have access to SISBACEN.

Paragraph 1. If not authorized, the request made in accordance with item I may be reiterated in the manner provided for in item II, duly justified.

Paragraph 2. The Central Bank of Brazil will establish the conditions to be observed for the purpose of obtaining the authorization referred to in this article.

Art. 13. Once the authorization referred to in the previous article is obtained, the branch must begin operations within a period of up to 360 (three hundred and sixty) days.

Sole paragraph. Failure to observe the timeframe provided in this article will imply the automatic cancellation of the authorization.

Art. 14. The installation of the other facilities referred to in this Regulation is authorized, observing the need for:

I - prior communication to the Central Bank of Brazil;

II - prior compliance with the following operational limits:

a) minimum levels of paid-in capital and adjusted net worth;

b) value of adjusted net worth compatible with the risk level of its asset structure;

c) immobilization index;

d) indebtedness and risk diversification limits.

Art. 15. The start of activities, closure, or change of location of the facilities referred to in this Regulation, including UAD, must be subject to equal communication to the Central Bank within a maximum period of 5 (five) days from the date of its occurrence.

Sole paragraph. The communication referred to in this article may be carried out through a SISBACEN transaction.

Art. 16. The installation of a branch without due authorization will be considered a serious offense, subjecting the institution and its administrators to the penalties provided for in current legislation, without prejudice to the immediate closure of the irregularly constituted branch.

Art. 17. The opening, in the country, of branches of financial institutions domiciled abroad or under direct or indirect foreign capital control, which implies an increase in the number existing on 05.10.88, is conditioned to the promulgation of the complementary law provided for in Art. 192 of the Federal Constitution, observing the provisions of the sole paragraph of Art. 52 of the Transitory Constitutional Provisions Act.

Art. 18. The installation of a Banking Service Post (PAB) in an underserved municipality, Banking Collection and Payments Post (PAP), Advanced Rural Credit Post (PACRE), Savings Shop, and Consumer Credit Shop will no longer be permitted, observing, regarding those existing on the date of publication of this Regulation, that:

I - must continue to provide only services for which they were created;

II - if they are to be closed, they may not be reopened;

III - may not change address.

Art. 19. The authorization referred to in Art. 12 and the communication referred to in Art. 15 of this Regulation must be requested and carried out, respectively, in writing, while the corresponding SISBACEN transactions are not available.

ANNEX IV REGULATION TO RESOLUTION NO. 2,099, OF 17.08.94, WHICH ESTABLISHES THE OBLIGATION OF MAINTENANCE, BY FINANCIAL INSTITUTIONS AND OTHER INSTITUTIONS AUTHORIZED TO OPERATE BY THE CENTRAL BANK OF BRAZIL, OF ADJUSTED NET WORTH VALUE IN ACCORDANCE WITH CURRENT REGULATION, COMPATIBLE WITH THE RISK LEVEL OF THEIR ASSET STRUCTURE.

Art. 1. Financial institutions and other institutions authorized to operate by the Central Bank of Brazil, except credit cooperatives, in addition to the minimum levels of paid-in capital and net worth established in Annex II, must maintain a value of adjusted net worth compatible with the risk level of their asset structure.

Sole paragraph. The obtaining of the value referred to will take into consideration the weighting of the institution's active operations by the risk attributed to them.

Art. 2. The calculation of the adjusted net worth value referred to in the previous article will follow the following formula:

PLE = 0.08 (Apr), where:

PLE = required net worth as a function of the risk of active operations;

Apr = Risk-weighted Assets = total of the product of Current and Long-Term Realizable titles (COSIF code 1.0.0.00.00-7) by the corresponding risk factors + product of Permanent Assets (COSIF code 2.0.0.00.00-4) by the corresponding risk factor + product of titles of Sub-obligations and Risks in Guarantees Provided (COSIF code 3.0.1.00.00-4) by the corresponding risk factors.

Paragraph 1. The risks of operations will be classified according to the factors contained in the table annexed to this Regulation.

Paragraph 2. The Central Bank of Brazil is authorized to alter the table referred to in the previous paragraph, as well as assign risk factors to new accounting titles created in COSIF.

Paragraph 3. Any alteration of the calculation methodology, risk factors, or inclusion of a title in the table mentioned in Paragraph 1 that results in a greater requirement for net worth will imply granting an adaptation period of no less than 180 (one hundred and eighty) days.

Art. 3. For the purpose of verifying compliance with the condition established in Art. 1 of this Regulation, the amount of participations in the social capital of financial institutions and other institutions authorized to operate by the Central Bank of Brazil, as well as the value of investments made in corporate participations in financial institutions abroad, must be deducted from the respective adjusted net worth, adjusted in accordance with current regulation.

Art. 4. Financial institutions and other institutions authorized to operate by the Central Bank of Brazil that are part of a conglomerate are alternatively entitled, to the provisions of the previous article, to calculate the value of net worth in a consolidated manner, adjusted in accordance with current regulation.

Paragraph 1. For the purposes of this article, the concept of conglomerate adopted by the Accounting Plan of Institutions of the National Financial System (COSIF) must be used.

Paragraph 2. The option to use the facility referred to in this article must be the subject of deliberation in an extraordinary general meeting of each of the institutions comprising the conglomerate and:

I - implies the obligation to communicate the decision to the Central Bank of Brazil;

II - occurs without prejudice to the obligation to proceed with the deductions referred to in the previous article, regarding institutions not part of the conglomerate;

III - may only be reviewed from the exercise following the option and provided that the content of the corresponding decision is communicated to the Central Bank of Brazil at least 1 (one) month in advance.

Art. 5. The institutions referred to in Art. 1 will have until 31.12.94 to adapt their respective net worth values to the conditions established in this Regulation.

TABLE ANNEXED TO ANNEX IV OF RESOLUTION NO. 2,099, of 17.08.94

ASSET CLASSIFICATION TABLE

Risk Weighting Factors

NULL RISK - Weighting Factor 0%

Current currency values
1.1.1.00.00-9 Cash

Free reserves in cash deposited at the Central Bank 1.1.3.00.00-5 Free Reserves

Applications in committed operations with own resources - banked position - federal public titles and titles of financial institutions linked 1.2.1.10.03-6 Treasury Financial Notes 1.2.1.10.05-0 National Treasury Notes 1.2.1.10.07-4 National Treasury Notes 1.2.1.10.10-8 National Treasury Obligations 1.2.1.10.12-2 National Treasury Bonds 1.2.1.10.15-3 Central Bank Notes 1.2.1.10.16-0 Central Bank Notes 1.2.1.10.18-4 Central Bank Bonds 1.2.1.10.30-4 CDB - Linked Financial Institution 1.2.1.10.40-7 LC - Linked Financial Institution 1.2.1.10.50-0 LI - Linked Financial Institution

Applications in committed operations with third-party resources - financed position 1.2.1.20.00-2 Resales to be Liquidated - Financed Position 1.2.1.95.00-6 (-) Income to be Appropriated from Applications in Committed Operations

Applications in interbank deposits with own resources in linked financial institutions 1.2.2.10.10-1 Linked 1.2.2.10.30-7 Linked - Linked to Rural Credit

Voluntary deposits at the Central Bank of real estate credit societies 1.2.3.00.00-4 Voluntary Applications at the Central Bank

Applications in foreign currencies at the Central Bank - exchange 1.2.6.10.30-9 Central Bank - Excess Position 1.2.6.20.30-6 Central Bank - Excess Position

Applications in fixed-income titles intermediated - federal public titles and titles of linked financial institutions 1.3.1.05.03-3 Treasury Financial Notes 1.3.1.05.05-7 National Treasury Notes 1.3.1.05.10-5 National Treasury Obligations 1.3.1.05.12-9 National Treasury Bonds 1.3.1.05.15-0 Central Bank Notes 1.3.1.05.30-1 CDB - Linked Financial Institution 1.3.1.05.40-4 LC - Linked Financial Institution 1.3.1.05.50-7 LI - Linked Financial Institution 1.3.1.05.60-0 LH - Linked Financial Institution

Applications in fixed-income titles - own portfolio - federal public titles and titles of linked financial institutions 1.3.1.10.03-5 Treasury Financial Notes 1.3.1.10.05-9 National Treasury Notes 1.3.1.10.07-3 National Treasury Notes 1.3.1.10.10-7 National Treasury Obligations 1.3.1.10.12-1 National Treasury Bonds 1.3.1.10.15-2 Central Bank Notes 1.3.1.10.16-9 Central Bank Notes 1.3.1.10.18-3 Central Bank Bonds 1.3.1.10.30-3 CDB - Linked Financial Institution 1.3.1.10.40-6 LC - Linked Financial Institution 1.3.1.10.50-9 LI - Linked Financial Institution 1.3.1.10.60-2 LH - Linked Financial Institution

Applications in fixed-income titles linked to committed operations - federal public titles and titles of linked financial institutions 1.3.2.10.03-8 Treasury Financial Notes 1.3.2.10.05-2 National Treasury Notes 1.3.2.10.07-6 National Treasury Notes 1.3.2.10.10-0 National Treasury Obligations 1.3.2.10.12-4 National Treasury Bonds 1.3.2.10.15-5 Central Bank Notes 1.3.2.10.16-2 Central Bank Notes 1.3.2.10.18-6 Central Bank Bonds 1.3.2.10.30-6 CDB - Linked Financial Institution 1.3.2.10.40-9 LC - Linked Financial Institution 1.3.2.10.50-2 LI - Linked Financial Institution

Federal public titles deposited at the Central Bank 1.3.4.00.00-6 Linked to the Central Bank

Values deposited at the Central Bank
1.4.2.10.00-6 Central Bank - Deposits in Foreign Currencies 1.4.2.15.00-1 Central Bank - Deposits for Capital in Money 1.4.2.25.00-8 National Treasury - Collection of Resources from Rural Credit 1.4.2.28.00-5 Compulsory Reserves in Cash at the Central Bank 1.4.2.33.00-7 Central Bank - Mandatory Collections 1.4.2.35.00-5 Central Bank - Other Deposits 1.4.2.95.00-7 (-) Income to be Appropriated from Linked Credits

Value of the tax incident on any revenues that must be taxed at source and of the tax paid as advance payment and which the institution has the right to offset 1.8.8.45.00-6 Income Tax to Offset 1.8.8.50.00-8 Income Tax to Recover

REDUCED RISK - Weighting Factor 20%

Bank deposits of free movement maintained in banks 1.1.2.00.00-2 Bank Deposits

Temporary applications in physical gold
1.1.4.00.00-8 Applications in Gold

Deposits and credits, as well as checks and coins in foreign currencies 1.1.5.00.00-1 Foreign Currency Cash

Checks and other papers forwarded to the clearing service 1.4.1.00.00-6 Check and Other Paper Clearing Service

Tax credits arising from expenses accounted for in the period that are deductible in subsequent years - prescribe in 4 (four) years 1.8.8.25.00-2 Tax Credits - Income Tax and Social Contribution

         LOW RISK - Weighting Factor 50%

Investments in committed operations with own resources - backed position - state and municipal bonds and bonds from financial institutions 1.2.1.10.20-1 State and Municipal Bonds 1.2.1.10.25-6 Bank Deposit Certificates 1.2.1.10.35-9 Bills of Exchange 1.2.1.10.45-2 Mortgage Letters

Investments in interbank deposits with own resources in financial institutions, as well as their income to be appropriated and provision 1.2.2.10.20-4 Unrelated 1.2.2.10.40-0 Unrelated - Linked to Rural Credit 1.2.2.20.00-5 Own Interbank Investments to Be Redeemed 1.2.2.30.00-2 (-) Own Interbank Investments to Be Liquidated 1.2.2.95.00-9 (-) Income to Be Appropriated from Investments in Interbank Deposits 1.2.2.99.00-5 (-) Provision for Losses on Investments in Interbank Deposits

Investments in savings deposits by credit cooperatives 1.2.5.00.00-0 Investments in Savings Deposits

Investments in foreign currencies abroad
1.2.6.10.10-3 Notice Period
1.2.6.10.20-6 Fixed Term
1.2.6.20.10-0 Notice Period
1.2.6.20.20-3 Fixed Term

Investments in fixed-income securities intermediated - state and municipal public bonds and bonds from financial institutions 1.3.1.05.20-8 State and Municipal Bonds 1.3.1.05.25-3 Bank Deposit Certificates 1.3.1.05.35-6 Bills of Exchange 1.3.1.05.45-9 Mortgage Letters 1.3.1.05.55-2 Mortgage Letters

Investments in fixed-income securities - own portfolio - state and municipal public bonds and bonds from financial institutions 1.3.1.10.20-0 State and Municipal Bonds 1.3.1.10.25-5 Bank Deposit Certificates 1.3.1.10.35-8 Bills of Exchange 1.3.1.10.45-1 Mortgage Letters 1.3.1.10.55-4 Mortgage Letters

Investments in investment fund shares, in EDBs and in DERs 1.3.1.15.00-9 Investment Fund Shares 1.3.1.50.00-2 Economic Development Bonds 1.3.1.80.00-3 Investments in Special Remunerated Deposits - Conversions of Law No. 8.024/90

Income to be appropriated from fixed-income securities - own portfolio 1.3.1.95.00-5 (-) Income to Be Appropriated from Free Bonds

Investments in fixed-income securities linked to committed operations - state and municipal public bonds and bonds from financial institutions 1.3.2.10.20-3 State and Municipal Bonds 1.3.2.10.25-8 Bank Deposit Certificates 1.3.2.10.35-1 Bills of Exchange 1.3.2.10.45-4 Mortgage Letters

Income to be appropriated and provision
1.3.2.95.00-8 (-) Income to Be Appropriated from Bonds Linked to Committed Operations 1.3.2.99.00-4 (-) Provision for Depreciation of Bonds Linked to Committed Operations

Deposits maintained in official banks, linked to agreements for the transfer of credit lines or the provision of services 1.4.2.40.00-7 Official Banks - Deposits Linked to Agreement

Values linked to the SFH relating to deposits in a fund administered by CEF and balances of credits with FGTS 1.4.2.55.00-9 SFH - Deposits in FAH 1.4.2.60.00-1 SFH - FGTS to Be Reimbursed

Credits arising from the transfer of resources to other financial institutions 1.4.3.10.99-9 Other Institutions 1.4.3.20.00-6 Debtors for External Resource Transfers 1.4.3.60.00-4 Debtors for Transfers to Financial Agents 1.4.3.90.00-5 Debtors for Transfers of Other Resources 1.4.3.95.00-0 (-) Income to Be Appropriated from Interbank Transfers

Housing financing in normal status
1.6.4.30.00-4 Housing Financing
1.6.4.60.30-4 Housing
1.6.4.95.30-0 Housing

Acquired credits that count with the co-obligation of a financial institution and with real guarantee relating to housing financing 1.6.7.10.00-9 Acquired Credit Rights - With Co-obligation 1.6.7.20.70-7 Housing Financing 1.6.7.60.00-4 Income from Acquired Credit Rights to Be Incorporated 1.7.7.10.00-8 Acquired Leasing Credits - With Co-obligation

Foreign exchange operations for the purchase/sale of foreign currency and gold (not for import and export), as well as respective advances 1.8.2.06.30-8 Financial 1.8.2.13.20-5 Gold 1.8.2.13.50-4 Financial 1.8.2.14.40-0 (-) Gold 1.8.2.25.20-0 Financial 1.8.2.26.20-9 (-) From Financial Institutions 1.8.2.33.20-9 Financial 1.8.2.33.30-2 Gold 1.8.2.34.40-4 (-) Gold

Values in foreign currencies relating to freight and insurance premiums on exports paid in advance to the settlement of the respective foreign exchange export operation 1.8.2.45.00-8 Values in Foreign Currencies to Be Received

Values to be received from operations carried out on stock exchanges, commodities and futures 1.8.4.10.00-8 Registration and Settlement Boxes 1.8.4.40.00-9 Operations with Financial Assets and Commodities to Be Settled

Value of interbank collections to be settled and redeemed later with CETIP on behalf of other institutions 1.8.4.70.00-0 Third-Party Interbank Collections to Be Settled 1.8.4.75.00-5 Third-Party Interbank Investments to Be Redeemed

Value of confirmed export letters of credit, in the Country 3.0.1.20.00-8 Confirmed Export Credits

         NORMAL RISK - Weighting Factor 100%

Investments in committed operations with own resources - backed position - debentures and other bonds 1.2.1.10.65-8 Debentures 1.2.1.10.99-5 Others

Investments in intermediated fixed-income securities 1.3.1.05.65-5 Debentures 1.3.1.05.70-3 Eletrobrás Obligations 1.3.1.05.75-8 Land Debt Bonds 1.3.1.05.99-2 Others

Investments in fixed-income securities - own portfolio 1.3.1.10.65-7 Debentures 1.3.1.10.70-5 Eletrobrás Obligations 1.3.1.10.75-0 Land Debt Bonds 1.3.1.10.91-8 Debentures - SIDERBRÁS 1.3.1.10.95-6 (-) Income to Be Appropriated - Resolution 1.757 1.3.1.10.99-4 Others

Investments in shares
1.3.1.20.00-1 Variable Income Securities

Investments in securities that have linkage with agricultural, livestock and agro-industrial products 1.3.1.60.00-9 Investments in "Commodities"

Fixed-income securities of companies under special regime 1.3.1.90.00-0 Securities and Financial Instruments of Companies Under Special Regime

Provision for depreciation of fixed-income securities of the own portfolio 1.3.1.99.00-1 (-) Provision for Depreciation of Free Bonds

Fixed-income securities of the own portfolio linked to committed operations - debentures and other bonds 1.3.2.10.65-0 Debentures 1.3.2.10.91-1 Debentures - SIDERBRÁS 1.3.2.10.99-7 Others

Operations linked to stock exchanges, commodities and futures 1.3.3.00.00-3 Linked to Negotiation and Intermediation of Securities

Securities accepted as currency for privatization 1.3.5.00.00-9 Linked to the Acquisition of Shares of State-Owned Companies

Values linked to the SFH
1.4.2.45.00-2 SFH - Bonus - Final Acquirers - DL 2.164/84 1.4.2.50.00-4 SFH - Stabilization Fund Shares 1.4.2.57.00-7 SFH - Deposits in FAL 1.4.2.65.00-6 SFH - Wage Variation Compensation Fund 1.4.2.70.00-8 SFH - Transfer of Savings Deposits

Credits arising from the transfer of rural credit resources to a credit cooperative 1.4.3.10.10-2 Rural Credit Cooperatives

Credits arising from transactions with correspondents 1.4.4.00.00-5 Relations with Correspondents

Financing and loan operations
1.6.1.00.00-4 Loans and Discounted Bonds
1.6.2.00.00-7 Financing
1.6.3.00.00-0 Rural and Agro-industrial Financing 1.6.4.10.00-0 Financing of Real Estate Developments 1.6.4.35.00-9 Financing Without FCVS Coverage - Decree 97.222/88 1.6.4.40.00-1 Mortgage Financing 1.6.4.60.10-8 Real Estate Developments - Prior to DL 2.291/86 1.6.4.60.20-1 Real Estate Developments - Subsequent to DL 2.291/86 1.6.4.60.40-7 Mortgages 1.6.4.90.00-6 Real Estate Financing in Arrears 1.6.4.95.10-4 Real Estate Developments - Prior to DL 2.291/86

1.6.4.95.20-7 Real Estate Developments - Subsequent to DL 2.291/86 1.6.4.95.40-3 Mortgages 1.6.5.00.00-6 Financing of Securities and Financial Instruments 1.6.6.00.00-9 Infrastructure and Development Financing 1.6.7.20.10-9 Loans 1.6.7.20.15-4 Discounted Bonds 1.6.7.20.20-2 Financing 1.6.7.20.25-7 Export Financing 1.6.7.20.30-5 Financing with Intervening Parties 1.6.7.20.35-0 Financing to Financial Agents 1.6.7.20.40-8 Refinancing of Leasing Operations 1.6.7.20.45-3 Rural Financing 1.6.7.20.50-1 Agro-industrial Financing 1.6.7.20.60-4 Financing of Real Estate Developments - Prior to DL 2.292/86 1.6.7.20.65-9 Financing of Real Estate Developments - Subsequent to DL 2.292/86 1.6.7.20.75-2 Mortgage Financing 1.6.7.20.80-0 Infrastructure and Development Financing 1.6.7.35.00-8 Acquired Credit Rights Without FCVS Coverage - Decree 97.222/88 1.6.7.90.00-5 Acquired Credit Rights in Arrears 1.6.7.95.00-0 (-) Income to Be Appropriated from Acquired Credit Rights 1.6.9.00.00-8 Credit Operations in Settlement

Leasing operations
1.7.1.00.00-3 Leases to Be Received
1.7.3.00.00-9 Subleases to Be Received
1.7.5.00.00-5 Residual Values to Be Realized
1.7.7.20.00-5 Acquired Leasing Credits - Without Co-obligation 1.7.7.90.00-4 Acquired Leasing Credits in Arrears 1.7.7.95.00-9 Income to Be Appropriated from Acquired Leasing Credits 1.7.9.00.00-7 Leasing Credits in Settlement

Guarantee and surety operations honored
1.8.1.00.00-2 Honored Guarantees and Sureties

Foreign exchange operations
1.8.2.06.10-2 Export - Letters to Be Delivered 1.8.2.06.20-5 Export - Letters Delivered 1.8.2.07.00-8 (-) Advances in Foreign Currencies Received 1.8.2.13.30-8 Export - Letters to Be Delivered 1.8.2.13.40-1 Export - Letters Delivered 1.8.2.14.90-5 (-) Others 1.8.2.20.00-9 Foreign Currency Bills and Documents at Maturity 1.8.2.25.10-7 Import 1.8.2.26.10-6 (-) From Clients 1.8.2.33.10-6 Import 1.8.2.34.90-9 (-) Others 1.8.2.75.00-9 Income to Be Received from Advances Granted 1.8.2.78.00-6 Income to Be Received from Financed Imports 1.8.2.81.00-0 Income to Be Received from Financed Imports - Floating Rates 1.8.2.85.00-6 Expenses to Be Appropriated from Received Advances

Values to be received relating to income from commissions, brokerage and other services rendered 1.8.3.00.00-8 Income to Be Received

Negotiation and intermediation of operations on stock exchanges, commodities and futures 1.8.4.05.00-6 Exchanges - Deposits as Collateral 1.8.4.15.00-3 Investment Certificates for Conversion 1.8.4.30.00-2 Debtors - Pending Settlement Account 1.8.4.35.00-7 Guarantee Fund for Operation Settlement 1.8.4.48.00-1 Margin Operations - Value Fluctuations 1.8.4.50.00-6 Forward Sales to Be Received 1.8.4.53.00-3 "Swap" Operations - Differential to Be Received 1.8.4.90.00-4 Other Credits from Negotiation and Intermediation of Securities

Specific credits of CEF and BNDES
1.8.5.00.00-4 Specific Credits

Special operations of Banco do Brasil with the National Treasury 1.8.6.00.00-7 Special Operations

Specific values of CEF
1.8.7.00.00-0 Specific Values

Diverse credits
1.8.8.03.00-0 Advances and Salary Anticipations 1.8.8.05.00-8 Advances for Our Account Payments 1.8.8.10.00-0 Advances for Account of Fixed Assets 1.8.8.15.00-5 Checks to Be Received 1.8.8.20.00-7 Credits Arising from Export Contracts 1.8.8.30.00-4 Deposits for Telephone Acquisition 1.8.8.35.00-9 Debtors for Purchase of Securities and Goods 1.8.8.40.00-1 Debtors for Deposits as Collateral 1.8.8.60.00-5 Options for Tax Incentives 1.8.8.65.00-0 Payments to Be Reimbursed 1.8.8.70.00-2 Participations Paid in Advance 1.8.8.80.00-9 Securities and Credits to Be Received 1.8.8.85.00-4 Values to Be Received from Affiliated Companies 1.8.8.90.00-6 Diverse Debtors - Abroad 1.8.8.92.00-4 Diverse Debtors - Country 1.8.8.95.00-1 (-) Income to Be Appropriated from Other Credits

Other credits in settlement of diverse credits 1.8.9.00.00-6 Other Credits in Settlement

Temporary investments and non-owned-use assets 1.9.0.00.00-8 Other Values and Assets

Permanent asset less participations in institutions authorized to operate by the Central Bank, in the Country and abroad 2.1.1.20.20-6 Non-Financial Institutions 2.1.1.90.20-5 Non-Financial Institutions 2.1.1.99.30-9 Non-Financial Institutions 2.1.2.10.15-4 Other Participations - MEP 2.1.2.10.55-6 Other Participations 2.1.2.10.95-8 Shares of Privatized Companies 2.1.2.99.15-1 Other Participations 2.1.3.00.00-2 Investments for Tax Incentives 2.1.4.00.00-5 Equity Securities 2.1.5.00.00-8 Shares and Shares 2.1.9.00.00-0 Other Investments 2.2.0.00.00-2 Fixed Assets for Use 2.3.0.00.00-1 Leasing Fixed Assets 2.4.0.00.00-0 Deferred

Co-obligations and risks in guarantees provided 3.0.1.10.00-1 Credits Open for Import 3.0.1.15.00-6 Credits Open for Import - Floating Rates 3.0.1.30.00-5 Beneficiaries of Provided Guarantees 3.0.1.90.00-7 Beneficiaries of Other Co-obligations

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Obs.: Transmitted due to errors in art. 9, item I, letters "b" and "c", and item III, letter "b", of the Resolution.