11. Operating Liabilities

The Operating Liabilities group is subdivided into the Social Security, Administrative and Investment Programs and registers liabilities derived from PREVI’S operations, with special emphasis on Plan 1’s Pension Program records.

a) BB x PREVI Agreement – Pre-67 Group

Anticipated amortizing contributions foreseen in the agreement signed between Banco do Brasil and PREVI on 12/24/1997, amended on 02/09/1998, to cost the benefits of employees who retired from the bank and of those who retire in the future and who were hired through 04/14/1967, are accounted for in the Pension Program.

The BB/PREVI agreement amounts reached the following totals on 12/31/2008:

b) Parity - 2006 Agreement

The Future Resources – Parity – 2006 Agreement item had the following movements in the year: