Resolution CMN No. 428 — Establishes Public Service Hours for Financial Institutions Starting June 2, 1977

RESOLUTION NO. 000428

THE CENTRAL BANK OF BRAZIL, in accordance with Article 9 of Law No. 4,595 of December 31, 1964, makes public that the MONETARY NATIONAL COUNCIL, in a session held on this date, considering the provisions of Article 4, item VIII, of the same Law,

RESOLVES:

I - To establish that, starting from June 2, 1977, inclusive, public service at Commercial Banks, Investment Banks, Development Banks, Savings Banks, Credit Cooperatives, Real Estate Credit Societies, Savings and Loan Associations, Credit, Financing and Investment Societies, Securities and Financial Assets Distributors and Securities and Financial Assets Brokers, in the municipalities of Rio de Janeiro (RJ), São Paulo (SP), Porto Alegre (RS), Curitiba (PR), Belo Horizonte (MG), Salvador (BA) and Recife (PE), may not begin before 10:00 AM, nor be concluded after 4:30 PM.

II - To subordinate the institutions mentioned in the previous item, which operate in integrated or interlinked cities connected by the Check Clearing Service and Other Papers, to the municipalities cited.

III - To delegate competence to the Central Bank to:

a) extend to other municipalities the service hours established in item I;

b) admit, in exceptional cases, special public service hours, based on interests of general order;

c) resolve omitted cases.

Brasília-DF, May 26, 1977

Ernesto Albrecht
President, in exercise