This article discusses the banking policy led by Delfim Netto from 1967 trough 1973, which had special features. It is examined the tendency to banking concentration, very intense in those years, as well as the acute centralization process which led to the constitution of financial conglomerates, thus transforming the financial structure in a way not foreseen by the banking and financial reforms of 1964. Both processes reflected the new course of economic policy since 1967, having as its major objective to induce the formation of a new form of private capitalist organization - the conglomerate, integrating banking and industry -, which would led to the consolidation of a segment of big national private firms. The article seeks to collect the available evidence about that strategic project developed during a phase of the military regime.
Brazil; Military regime; Economic policy; Banking policy; Conglomerates