Resolution CMN No. 3181 — Establishes procedures for the alienation of federal public bonds classified as held-to-maturity

RESOLUTION NO. 3181

Establishes procedures for the alienation of federal public bonds classified in the category of bonds held until maturity.

The CENTRAL BANK OF BRAZIL, in accordance with Article 9 of Law No. 4,595 of December 31, 1964, makes public that the NATIONAL MONETARY COUNCIL, in a session held on March 29, 2004, considering the provisions of Article 3, item VI, and based on Article 4, items VIII and XII, of the aforementioned law, and Articles 22, § 2, and 26, § 3, of Law No. 6,385 of December 7, 1976, with the wordings given, respectively, by Article 1 of Decree No. 3,995 of October 31, 2001, and Article 14 of Law No. 9,447 of March 14, 1997,

RESOLVES:

Article 1. Establish that operations for the alienation of federal public bonds classified in the category of bonds held until maturity, simultaneously with the acquisition of new bonds of the same nature, with a maturity period longer and in an amount equal to or greater than that of the bonds alienated, do not disqualify the intention of the financial institution when classifying them in the aforementioned category.

Sole Paragraph. The amount of federal public bonds classified in the category of bonds held until maturity alienated during the period, the effect on the result, and the justification for the alienation must be disclosed in the explanatory notes to the financial statements.

Article 2. This resolution enters into force on the date of its publication.

Brasília, March 29, 2004.

Afonso Sant'Anna Bevilaqua
Interim President