Resolution CMN No. 3982 — Amends the remuneration rates for rural credit debt extension operations under Resolution No. 2,238 of 1996

RESOLUTION NO. 003982

Amends item "b" of subsection III of Article 8 of Resolution No. 2,238, of January 31, 1996, which regulates the conditions and procedures for formalizing debt extension operations originating from rural credit, as provided for in Law No. 9,138, of November 29, 1995.

The Central Bank of Brazil, in accordance with Article 9 of Law No. 4,595, of December 31, 1964, makes it known that the National Monetary Council, in an extraordinary session held on June 17, 2011, considering the provisions of Article 10 of Law No. 9,138, of November 29, 1995,

RESOLVES:

Article 1. Item "b" of subsection III of Article 8 of Resolution No. 2,238, of January 31, 1996, shall enter into force with the following wording:

"b) remuneration: respecting the corresponding source of resources and its remuneration, as detailed below:

Source of Resources	Remuneration
MCR 6-2	16% p.a. (*)
DER and Savings Account
a) banks with average operations up to the value of R$70,000.00
1. from 30.11.1995 to 31.10.1997	IRP + (6.17% p.a. + 5.16% p.a.)
2. from 11.01.1997 onwards	IRP + (6.17% p.a. + 4.00% p.a.)
b) banks with average operations above R$70,000.00	IRP + (6.17% p.a. + 2.00% p.a.)
Free Resources	TMS + 2% p.a.
Extramarket Application Fund	TMS + 2% p.a.
FAT and PIS/PASEP	(TJLP + 2% p.a.) - (variation of the minimum price + 3% p.a.)

Obs.: IRP = TR or another savings remuneration index that replaces it; TMS = Average Rate of the Special System of Liquidation and Custody (Selic); Free Resources = From the collection of rural savings that exceeded the exigibility of this source for rural credit (MCR 6-1-1-b-I) and resulting from other collection sources (MCR 6-3).

(*) MCR 6-2 = to be repactuated annually, according to the rate established for this source of resources." (NR)

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

Brasília, June 20, 2011.

Alexandre Antonio Tombini
President of the Central Bank