Resolution No. 753

RESOLUTION N. 000753 ------------------- THE CENTRAL BANK OF BRAZIL, in the form of art. 9 of Law n. 4.595, of 31.12.64, makes public that the NATIONAL MONETARY COUNCIL, in a session held on 11.08.82, having in view the provisions of art. 4, item VI, of the referred Law and in art. 14 of Law n. 4.728, of 14.07.65, R E S O L V E D: I - Commercial banks, development banks and investment banks, in their active credit operations with internal resources and with a term equal to or greater than 6 (six) months, may only apply freely agreed interest plus post-fixed monetary correction, identical to that of the Readjustable National Treasury Bonds - ORTN. II - Limit to 5% (five percent) per month the gross growth of financing operations for the provision of services and financing without proof of credit direction (personal credit) of credit, financing and investment companies. III - The limit set in the previous item shall apply to the balances of these operations on the base date of 31.07.82 and shall be in force until 31.12.82. IV - The Central Bank may adopt the measures deemed necessary for the execution of this Resolution. V - This Resolution shall enter into force on the date of its publication. Brasília-DF, 12 August 1982 Carlos Geraldo Langoni President