[Code of Federal Regulations]
[Title 12, Volume 3]
[Revised as of January 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 12CFR264b.1]

[Page 775]
 
                       TITLE 12--BANKS AND BANKING
 
                   CHAPTER II--FEDERAL RESERVE SYSTEM
 
PART 264b--RULES REGARDING FOREIGN GIFTS AND DECORATIONS--Table of Contents
 
Sec. 264b.1  Purpose and scope.

    This regulation implements the 1977 Amendments to the Foreign Gifts 
and Decorations Act, Pub. L. 95-105, which restricts Board Members' and 
employees' acceptance of foreign gifts and decorations. The restrictions 
apply to gifts whether they are tangible or intangible. Different rules 
apply depending on whether the gift has only ``minimal value.'' There 
are also rules regarding acceptance of decorations from foreign 
governments.