6-K

                                    FORM 6-K
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                            Report of Foreign Issuer
                      Pursuant to Rule 13a-16 or 15d-16 of
                       the Securities Exchange Act of 1934

                          For the month of October 2002

                                 BANCO ITAU S.A.
                                (Itau Bank S.A.)
                 (Translation of Registrant's Name Into English)


                               Rua Boa Vista, 176
                         01014-919 Sao Paulo, SP, Brazil
                    (Address of principal executive offices)



Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F. Form 20-F X  Form 40-F
                                             ---

Indicate by check mark whether the registrant by furnishing information
contained in this Form is also thereby furnishing information to the Commission
pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes    No X
   ---   ---

If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-___________________.





                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

                                                 BANCO ITAU S.A.
                                                    (Registrant)


Date: October 9, 2002              By:   /s/ Alfredo Egydio Setubal
                                      ------------------------------------------
                                      Name:   Alfredo Egydio Setubal
                                      Title:  Investor Relations Officer


                                   By: /s/ Silvio Aparecido de Carvalho
                                      ------------------------------------------
                                      Name:   Silvio Aparecido de Carvalho
                                      Title:  Chief Accounting Officer




                                  EXHIBIT INDEX


1.  Announcement to the Market - Meeting of the Administrative Council on
    September 25, 2002.

EX-99.1

                                 BANCO ITAU S.A.

CNPJ - 60.701.190/0001-04    A Publicly Held Company           NIRE. 35300023978


                      MEETING OF THE ADMINISTRATIVE COUNCIL
                              OF SEPTEMBER 25 2002

              On September 25, 2002, with the legal quorum present, the
Administrative Council of BANCO ITAU S.A. met at its corporate headquarters
under the presidency of Dr. Olavo Egydio Setubal, for the purpose of examining
the composition of the Executive Board to remain effective until the
installation of the newly elected members on the occasion of the first meeting
of the Administrative Council immediately following the annual general meeting
for 2003.

              Having examined and discussed the matter, the Members of the
Council unanimously decided to maintain the Executive Board elected by this
Administrative Council at its meetings on May 2 and August 5, 2002, with the
exception of the Managing Director, JOSE CLAUDIO AROUCA, who will relinquish his
duties on September 30, 2002 upon his retirement pursuant to the Supplementary
Pension Plan - PAC, managed by the Itaubanco Foundation, the relative position
on the Board to remain vacant.

              It was decided, in addition and on an unanimous basis in
compliance with Central Bank of Brazil regulations, in substitution of the
Managing Director Jose Claudio Arouca, to appoint the Executive Director RODOLFO
HENRIQUE FISCHER to be responsible for the Restructuring of the Brazilian
Payments System and the Managing Director MARTA ALVES to assume responsibility
for Committed Operations.

              There being no further matters on the agenda, these minutes were
transcribed and having been duly read and approved, were signed by all those
present. Sao Paulo-SP, September 25, 2002. (signed) Olavo Egydio Setubal -
President; Jose Carlos Moraes Abreu, Alfredo Egydio Arruda Villela Filho and
Roberto Egydio Setubal - Vice-Presidents; Alcides Lopes Tapias, Luiz de Moraes
Barros, Maria de Lourdes Egydio Villela, Persio Arida, Roberto Teixeira da Costa
and Sergio Silva de Freitas - Councilors.

              I CERTIFY THAT THE PRESENT IS AN EXACT COPY OF THE ORIGINAL
              TRANSCRIPTION IN THE MINUTES REGISTER.

                        Sao Paulo-SP, September 25, 2002.



                             ALFREDO EGYDIO SETUBAL
                           Investor Relations Director