6-K

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

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

For the month of August, 2007

Commission File Number: 001-15276

Banco Itaú Holding Financeira S.A.
(Itaú Holding Financing Bank S.A.)
(Translation of Registrant’s Name Into English)

Praça Alfredo Egydio de Souza Aranha, 100-Torre Itaúsa
04344-902 São 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:   ý      Form 40-F:   o

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):

Yes:  o      No:  ý

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):

Yes:  o      No:  ý

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:  o      No:  ý

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 Itaú Holding Financeira S.A.               (Registrant)
Date:  August 17, 2007	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

99.1 Announcement to the Market - Re: Volatility in capital markets.

 

EX-99.1

Banco Itaú Holding Financeira S.A.
Open Capital Company		CNPJ. 60.872.504/0001-23
Announcement to the Market
1.	At this moment of significant volatility in capital markets, and in line with the best practices of information disclosure and Corporate Governance, Banco Itaú Holding Financeira S.A. ("Itaú") and its controlled / affiliated companies hereby inform that they have not made or recorded in their books any credit operations in “subprime” market (loans or investments in high-risk housing credits in the United States or any other countries) and structured operations known as "CDOs" (Collateralized Debt Obligation), which consist of securitization of assets portfolio which could include loans to "subprime" market. We also inform which are immaterial to the values associated with the bridge loans for issue of shares.
2.	We emphasize that assets referred to above are not part of the Holding Investment Policy, the execution and implementation of which is strictly supervised by our Internal Control and Risk Management sectors.
3.	This information is consistent with Itaú strategy of relationship with the capital markets, is transparent and makes the shareholders aware of their operations.
São Paulo (SP), August 16, 2007.
ALFREDO EGYDIO SETUBAL
Investor Relations Officer