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

                        Commission File Number: 001-15276

                                 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 if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1):

Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7):

Indicate by check mark whether by furnishing the information contained in this
Form, the registrant 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 14, 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. Re: A Meeting of the Administrative Council On November 6
2002, for the purpose of examining the composition of the Company's Board of
Directors for the present annual term of office, which will terminate with the
inauguration of those elected at the first meeting of the Administrative Council
after the 2003 Annual General Meeting.

EX-99.1

                                 BANCO ITAU S.A.
CNPJ - 60.701.190/0001-04                                      NIRE. 35300023978
                            A Publicly Listed Company

            MEETING OF THE ADMINISTRATIVE COUNCIL OF NOVEMBER 6 2002

         On November 6 2002, the legal quorum being present, the Administrative
Council of BANCO ITAU S.A. met at the Company's corporate headquarters, under
the presidency of Dr. Jose Carlos Moraes Abreu, Vice-President, for the purpose
of examining the composition of the Company's Board of Directors for the present
annual term of office, which will terminate with the inauguration of those
elected at the first meeting of the Administrative Council after the 2003 Annual
General Meeting.

         After examining the provisions of article 8,8.1, of the articles of
association, the Councilors unanimously decided:

a)   to maintain the composition of the current Board of Directors, as elected
     by this Administrative Council at its meeting on May 2 2002, and pursuant
     to the alterations authorized in meetings on August 5, September 25,
     October 14, October 15 and November 4 2002, with the exception of ANIBAL
     MALGEUIRO MOREIRA, Managing Director, who will cease to exercise his
     functions as from this date;

b)   Consequently, for the remainder of the current annual term of office, the
     Board of Directors will be composed of 74 (seventy four) positions,
     comprising 73 (seventy three) persons, bearing in mind the accumulation of
     the positions of President and CEO. Of these positions on the Board, 20
     (twenty) will comprise the Executive Board, as follows: President and CEO,
     2 (two) Senior Vice-Presidents, 7 (seven) Executive Vice-Presidents, one
     Legal Consultant and 8 (eight) Executive Directors, while the remainder,
     not members of the Executive Board, will consist of 8 (eight) Senior
     Managing Directors and 46 (forty six) Managing Directors.

         There being no further matter on the agenda, these minutes were
transcribed, read, approved and signed by all those present. Sao Paulo-SP,
November 6 2002. (signed) Jose Carlos Moraes Abreu, Alfredo Egydio Alruda
Villela Filho and Roberto Egydio Setubal - Vice-Chairmen; Alcides Lopes Tapias,
Henri Penchas, Luiz Assumpcao Queiroz Guimaraes, Luiz de Moraes Barros, Maria de
Lourdes Egydio Villela, Persio Arida and Sergio Silva de Freitas - Councilors.


 I CERTIFY THAT THE PRESENT IS AN EXACT COPY OF THE ORIGINAL TRANSCRIBED IN THE
                                MINUTES REGISTER
                         Sao Paulo-SP, November 6 2002.


                             ALFREDO EGYDIO SETUBAL
                           Investor Relations Director