Resolution CMN No. 2173 — Authorizes entities of the Brazilian Savings and Loan System (SBPE) to accept linked savings deposits

RESOLUTION NO. 2173

Authorizes entities of the Brazilian Savings and Loan System (SBPE) to accept linked savings deposits, as regulated herein.

The CENTRAL BANK OF BRAZIL, pursuant to Article 9 of Law No. 4,595 of December 31, 1964, makes public that the MONETARY COUNCIL, in a session held on June 30, 1995, based on the provisions of Article 7 of Decree-Law No. 2,291 of November 21, 1986,

RESOLVES:

Article 1. Authorize entities of the Brazilian Savings and Loan System (SBPE) to accept linked savings deposits, intended for the granting of credit to the account holder for the acquisition of residential real estate, as well as for the construction of residential real estate on their own land.

Article 2. The Central Bank of Brazil shall regulate the provisions of this Resolution, after hearing the Monetary and Credit Policy Technical Commission (COMOC) of the Monetary Council.

Article 3. This Resolution enters into force on the date of its publication.

Article 4. Resolution No. 1,443 of January 5, 1988 is hereby revoked.

Brasília, June 30, 1995

Gustavo Jorge Laboissière Loyola
President