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 November 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: November 5, 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
        i.  The Councilors Unanimously Approved the Financial Statements for the
            Third Quarter 2002

EX-99.1

                                 BANCO ITAU S.A.

CNPJ. 60.701.190/0001-04                                       NIRE. 35300023978

                             A Publicly Held Company

                Authorized Capital : up to 200,000,000,000 shares
  Subscribed and Paid in Capital: R$ 4,260,500,000.00 - 113,451,148,264 shares

                      MEETING OF THE ADMINISTRATIVE COUNCIL
                               OF NOVEMBER 4, 2002


         On November 4, 2002, with the legal quorum present, the Administrative
Council of BANCO ITAU S.A., met at its principal place of business under the
chairmanship of Dr. Olavo Egydio Setubal for the purpose of examining the third
quarter 2002 financial statements, on which the Fiscal Council has already
opined favorably pursuant to article 163, VI of Law 6404/76.

         After due examination of the said documentation, the councilors
unanimously approved the financial statements for the third quarter 2002,
authorizing publication through their release to the Brazilian Security and
Exchange Commission (Comissao de Valores Mobiliarios) and the Sao Paulo Stock
Exchange (Bolsa de Valores de Sao Paulo).

         All items on the agenda having been concluded, the Chairman requested
the transcription of these minutes, which having been read and approved were
signed by all, the meeting being declared closed. Sao Paulo-SP, November 4 2002.
(signed) Olavo Egydio Setubal - Chairman; Jose Carlos Moraes Abreu, Alfredo
Egydio Arruda Villela Filho and Roberto Egydio Setubal - Vice-Chairmen; Alcides
Lopes Tapias, Carlos da Camara Pestana, Henri Penchas, Jose Vilarasau Salat,
Luiz Assumpcao Queiroz Guimaraes, 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, November 4, 2002.


                             ALFREDO EGYDIO SETUBAL
                           Investor Relations Director