Decreto-Lei nº 759, de 12 de agosto de 1969 - Autoriza o Poder Executivo a constituir a empresa pública Caixa Econômica Federal e dá outras providências (Decree-Law No. 759 of 12 August 1969 authorising the Executive to constitute the public company Caixa Econômica Federal)

English translation of the Portuguese text from planalto.gov.br (the Portuguese text is the official one). Retrieved 2026-10-26.

Presidency of the Republic

Civil House

Subchief for Legal Affairs

DECREE-LAW No. 759, OF 12 AUGUST 1969 .

Authorizes the Executive Power to establish the public company Caixa Econômica Federal and provides other measures.

THE PRESIDENT OF THE REPUBLIC , using the attributions conferred upon him by § 1 of article 2 of Institutional Act No. 5, of 13 December 1969,

DECREES:

Art 1 The Executive Power is authorized to establish the Caixa Econômica Federal - CEF, a financial institution in the form of a public company, endowed with legal personality under private law, with its own assets and administrative autonomy, linked to the Ministry of Finance.

Sole paragraph. The CEF shall have its headquarters and venue in the Capital of the Republic and jurisdiction throughout the national territory.

Art 2 The CEF shall have as its purpose:

a) to receive in deposit under the guarantee of the Union, popular savings, encouraging savings habits;

b) to grant loans and financing of an assistance nature, cooperating with public and private law entities in solving social and economic problems;

c) to operate in the housing sector, as a real estate credit company and principal agent of the National Housing Bank, with the objective of facilitating and promoting the acquisition of one's own home, especially by the lower-income classes of the population;

d) to exclusively operate the services of the Federal Lottery of Brazil and the Federal Sports Lottery in accordance with pertinent legislation;

e) to exercise the monopoly of operations on civil pledges, on a permanent and continuous basis;

f) to provide services that adapt to its financial structure, delegated by the Federal Government or by agreement with other entities or companies.

g) to carry out, in the financial market, as an entity belonging to the National Financial System, any other operations, internally or externally, and may stipulate clauses of monetary correction, observing the normative conditions established by the National Monetary Council; (Included by Decree-Law No. 1.259, of 1973)

h) to carry out, in the capital market, for investment or resale, the operations of subscription, acquisition and distribution of shares, bonds and any other securities or movable values, observing the normative conditions established by the National Monetary Council; (Included by Decree-Law No. 1.259, of 1973)

i) to carry out, as Agent of the Federal Government, on its account and order, and under the supervision of the National Monetary Council, any operations or services in the financial and capital markets, which are delegated to it, by agreement. (Included by Decree-Law No. 1.259, of 1973)

Sole paragraph. The CEF may, observing the conditions established by the National Monetary Council, carry out any other operations in the capital market, restricted to subscription for resale and distribution in the market of securities or movable values to papers issued by legal entities under public law, public companies and mixed-capital companies.

(Revoked by Decree-Law No. 1.259, of 1973)

Art 3 The initial capital of the CFF shall belong entirely to the Union and shall be constituted by the total net equity of the Superior Council of Federal Savings Banks and of all existing Federal Savings Banks, duly evaluated and whose amount shall be established through an act of the Minister of Finance.

Art 4 The assets of the CEF shall be constituted by the collection of all Federal Savings Banks and their Superior Council, including in such collection the assets, rights, obligations and shares, movable property and documents and papers of their archive that will be automatically incorporated into it.

Art 5 The personnel of the CEF shall be mandatorily admitted through public competition of tests or tests and titles.

§ 1 The legal regime of the personnel of the CEF shall be that of the Consolidation of Labor Laws.

§ 2 Servants of the federal public service, federal autarchies or public companies and mixed-capital companies may eventually be requisitioned by the CEF, exclusively for the exercise of technical functions, through reimbursement, by the CEF, to the originating organs or entities, of the global proceeds to which the requisitioned servants are entitled.

Art 6 As an institution belonging to the National Financial System, the CEF shall be subject to the general norms, decisions and normative discipline established by the National Monetary Council and to the supervision of the Central Bank of Brazil.

Art 7 The resources of the State Agencies of the CEF shall be mandatorily applied in their respective jurisdictions, proportionally to the deposits captured there and to the results of the sale of lottery tickets in the State.

Sole paragraph. In view of the installation of new Agencies or Branches and the development of the company's business, applications may be made, up to the limit of 10% (ten percent) of the total applications of the CEF, in areas other than the origin of the deposits.

Art 8 The directors of the CEF, respecting the principles of the legislation in force, shall be jointly responsible for the losses or damages caused by the non-compliance with the obligations or duties imposed by law or regulations that define their charges and attributions.

Art 9 The statutes of the CEF, issued by the Minister of Finance and approved by Decree of the President of the Republic, shall establish the constitution, attributions and functioning of the organs that compose its basic structure.

Sole paragraph. Both in the elaboration of the statutes and in the implementation of the general structure and norms of functioning of the CEF, the following fundamental principles shall be observed, among others:

I - programming and coordination of activities at all administrative levels;

II - deconcentration of executive authority, aiming to shorten procedural channels and ensure speed in the solution of operations;

III - decentralization and debureaucratization of services and operations, eliminating unnecessary procedures and superfluous controls;

IV - economy of administrative expenses, reducing personnel expenses to the strictly necessary;

V - simplification of structures, avoiding excessive management and hierarchical levels;

VI - incentive to increase the productivity of its services.

Art 10. The results from the operation of the Federal Lottery and the Federal Sports Lottery that belong to CEF as executor of these public services shall be destined to strengthening the company's patrimony, and their application to the defrayal of current expenses is prohibited.

§ 1º CEF shall be entitled to a sales commission as fixed remuneration for the services of national distribution of lottery tickets, the net balance of which shall be annually taken to the Reserve Fund account, for future use in capital increases.

§ 2º CEF shall account separately for all operations relating to the operation of the services of the Federal Lottery and the Federal Sports Lottery, and the financial results arising from such operation, including those referred to in the preceding paragraph, may not under any form be considered for the calculation of bonuses and any advantages owed to employees or administrators.

§ 3º The maximum limit for the effective expenses of funding and maintaining the lottery services and for the sales commission referred to in § 1º, as well as the rules on the accounting of the net income arising from the operation of the same services, shall be established in regulation.

Art 11. Financial institutions in general and any other companies, except for the State Savings Banks already in operation, are prohibited from using the name "Caixa Econômica".

Art 12. The current State Savings Banks may not carry out operations prohibited to CEF.

Art 13. The Superior Council of the Federal Savings Banks and the Federal Savings Banks of the States and in the Federal District shall be considered extinct on 31 December 1970.

Art 14. The current servants of the Superior Council and of the Federal Savings Banks shall be absorbed as employees of CEF, preferably in their respective jurisdictions, in accordance with what is established by the Executive Power.

Sole paragraph. The provisions of article 461 of Decree-law no. 5.452, of 1 May 1943, shall not prevail for the purpose of equalization between the new employees of CEF and the former servants of the public bodies indicated in this article.

Art 15. The Executive Power may issue the acts necessary to ensure the administrative continuity of the Superior Council and of the Administrative Councils of the Federal Savings Banks, in the process of extinction, as well as anticipate the extinction provided for in article 13.

Art 16. Judicial deposits in cash relating to cases within the jurisdiction of the federal judges shall be mandatorily made at CEF, and shall be subject to monetary correction as from the second civil quarter following the date of the deposit, except for legal provisions that set an earlier moment for such correction.

Art 17. The CEF Installation Fund is hereby constituted as from the date of this Decree-law, and shall be administered and applied in accordance with instructions issued by the Minister of Finance.

§ 1º The Fund referred to in this article shall receive, among other contributions, deposits corresponding to the percentage to be fixed in regulation on the price of the plan of each lottery ticket sold by the Agencies of the Federal Savings Banks in the States and in the Federal District.

§ 2º The resources of the Fund created by this article shall be applied to the acquisition or construction of a building destined for the central services of CEF, as well as for payment of services and materials indispensable to the creation and installations of the company.

Art 18. This Decree-law shall enter into force on the date of its publication, and the provisions to the contrary are revoked.

Brasília, 12 August 1969; 148th of Independence and 81st of the Republic.

A. COSTA E SILVA

Antônio Delfim Netto Hélio Beltrão

This text does not replace the one published in the D.O.U. of 26.8.1969