Resolution CMN No. 3188 — Authorizes Cooperative Banks to Receive Rural Savings Deposits, Amends Minimum Application Percentage, and Increases Exigibility Resources for Banco do Brasil S.A.

Resolution No. 3,188, of March 29, 2004.

RESOLUTION NO. 3,188
Authorizes cooperative banks to receive rural savings deposits, alters the minimum percentage of application of resources captured in rural savings deposits, and increases the exigibility resources of rural savings of Banco do Brasil S.A.

THE CENTRAL BANK OF BRAZIL, in accordance with Art. 9 of Law 4,595 of December 31, 1964, makes public that the MONETARY NATIONAL COUNCIL, in a session held on March 29, 2004, considering the provisions of Art. 4, item VI, of the aforementioned law, Arts. 4 and 15, item I, letter "l", of Law 4,829 of November 5, 1965, and Arts. 81, item III, and 87, § 1, of Law 8,171 of January 17, 1991,

RESOLVES:

Art. 1. Authorize cooperative banks, as referred to in Resolution 2,788 of November 30, 2000, to receive rural savings deposits, in accordance with Resolution 3,103 of June 25, 2003, with the modifications introduced by Resolution 3,145 of November 27, 2003, and by this resolution.

Sole Paragraph. The hiring of correspondents by cooperative banks for the purpose of capturing rural savings deposits is limited to rural credit cooperatives and those with free admission of members.

Art. 2. The minimum percentage of application of resources captured in rural savings deposits, as referred to in Art. 1, item II, and Art. 2, main text, of Resolution 3,103 of 2003, with the modification introduced by Resolution 3,145 of 2003, shall be 65% (sixty-five percent), effective as of September 1, 2004.

Sole Paragraph. For institutions that, on the date of publication of this resolution, were already authorized to capture rural savings deposits, the percentage referred to in this article shall follow the following schedule:

I - 50% (fifty percent), effective as of September 1, 2004; II - 55% (fifty-five percent), effective as of September 1, 2005; III - 60% (sixty percent), effective as of September 1, 2006; IV - 65% (sixty-five percent), effective as of September 1, 2007.

Art. 3. Cooperative banks must comply with the application exigibility referred to in Resolution 3,103 of 2003, with the modification introduced by Art. 2, main text, of this resolution, after completing six months of capturing rural savings deposits.

Art. 4. The exigibility resources of rural savings of Banco do Brasil S.A., as referred to in Art. 2, § 2, items I and II, of Resolution 3,103 of 2003, with the modifications introduced by Resolution 3,145 of 2003, are increased from R$4,500,000,000.00 (four billion and five hundred million reais) to R$5,000,000,000.00 (five billion reais) and from R$500,000,000.00 (five hundred million reais) to R$665,000,000.00 (six hundred and sixty-five million reais).

Art. 5. Consequently to the provisions of Art. 4, Art. 2 of Resolution 3,103 of 2003, with the modification introduced by Resolution 3,145 of 2003, is amended, which shall now read as follows:

"Art. 2. .................................................................................................................."
"§ 2. .........................................................................................................................."
"I - up to R$4,500,000,000.00 (four billion and five hundred million reais), in credits of interest to agribusiness, formalized according to the conditions established for Mandatory Resources (MCR 6-2), being, at minimum, R$600,000,000.00 (six hundred million reais) in agricultural operating credits;" "II - additional up to R$500,000,000.00 (five hundred million reais) to the limit established in item I in operating and marketing credits of interest to agribusiness, formalized according to the conditions established for Mandatory Resources (MCR 6-2), effective as of March 1, 2004;" "III - up to R$500,000,000.00 (five hundred million reais), in credits for family farmers classified in Group 'D' of the National Program for Strengthening Family Agriculture (Pronaf);" "IV - additional up to R$165,000,000.00 (one hundred and sixty-five million reais), to the limit established in item III in operating credits for family farmers classified in Group 'D' of the National Program for Strengthening Family Agriculture (Pronaf);" "V - up to R$200,000,000.00 (two hundred million reais), in credits within the scope of the Program for Generation of Employment and Rural Family Income - Proger Rural Familiar;" "VI - up to R$100,000,000.00 (one hundred million reais), in credits within the scope of the Program for Generation of Employment and Rural Income - Proger Rural." "......................................................................................................................" (NR)

Art. 6. This resolution enters into force on the date of its publication.

Art. 7. Resolution 3,145 of November 27, 2003, is hereby revoked.

Brasília, March 29, 2004.

Afonso Sant'Anna Bevilaqua
Interim President

This text does not replace the published version in the DOU and Sisbacen.