Resolution No. 1.681

RESOLUTION NO. 001681 ------------------- AMENDS THE REGULATION ANNEXED TO RESOLUTION NO. 980, OF 13.12.84, ALLOWING LEASING COMPANIES TO INVEST THEIR AVAILABLE FUNDS IN GOLD AND MORTGAGE BONDS. THE CENTRAL BANK OF BRAZIL, IN ACCORDANCE WITH ARTICLE 9 OF LAW NO. 4.595, OF 31.12.64, MAKES PUBLIC THAT THE NATIONAL MONETARY COUNCIL, IN A SESSION HELD ON THIS DATE, HAVING REGARD TO THE PROVISIONS OF LAW NO. 6.099, OF 12.09.74, AS AMENDED BY LAW NO. 7.132, OF 26.10.83, R E S O L V E D: ART. 1. TO AMEND ARTICLE 39 OF THE REGULATION ANNEXED TO RESOLUTION NO. 980, OF 13.12.84, WHICH SHALL TAKE EFFECT WITH THE FOLLOWING WORDING: "ART. 39. THE AVAILABLE FUNDS OF LEASING COMPANIES, WHEN NOT HELD IN CASH, MAY BE INVESTED IN PUBLIC DEBT SECURITIES, BILLS OF EXCHANGE ACCEPTED BY FINANCIAL INSTITUTIONS, DEBENTURES, REAL ESTATE BONDS, TIME DEPOSITS, WITH OR WITHOUT THE ISSUANCE OF A CERTIFICATE, MORTGAGE BONDS, GOLD AND, UP TO THE AMOUNT ESTABLISHED IN SPECIFIC REGULATIONS, IN FOREIGN CURRENCY DEPOSITS AT THE CENTRAL BANK OF BRAZIL. SOLE PARAGRAPH. THE CENTRAL BANK IS AUTHORIZED TO INCLUDE, EXCLUDE OR AMEND THE INVESTMENT MODALITIES PROVIDED FOR IN THIS ARTICLE." ART. 2. FOR THE PURPOSE OF CALCULATING THE LIMIT PROVIDED FOR IN ITEM "A" OF CIRCULAR NO. 1.542, OF 25.10.89, THE AMOUNTS RECORDED UNDER PERMANENT ASSETS CORRESPONDING TO LEASING OPERATIONS SHALL NOT BE COUNTED. ART. 3. THE CENTRAL BANK MAY ADOPT THE MEASURES DEEMED NECESSARY FOR THE IMPLEMENTATION OF THE PROVISIONS OF THIS RESOLUTION. ART. 4. THIS RESOLUTION SHALL ENTER INTO FORCE ON THE DATE OF ITS PUBLICATION. BRASÍLIA (DF), 31 JANUARY 1990 JOSÉ TUPY CALDAS DE MOURA ACTING PRESIDENT