[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: 12CFR266.3]

[Page 796-797]
 
                       TITLE 12--BANKS AND BANKING
 
                   CHAPTER II--FEDERAL RESERVE SYSTEM
 
PART 266--LIMITATIONS ON ACTIVITIES OF FORMER MEMBERS AND EMPLOYEES OF THE BOARD--Table of Contents
 
Sec. 266.3  Limitations.

    (a) Matters on which Board member or employee worked. No former 
member or employee of the Board shall appear personally before the Board 
or a Federal Reserve Bank on behalf of anyone other than the United 
States, an agency thereof, or a Federal Reserve Bank, in connection with 
any judicial or other proceedings, application, request for ruling or 
determination, or other particular matter involving a specific party or 
parties in which the United States, an agency thereof, or a Federal 
Reserve Bank is also a party or has a direct and substantial interest 
and in which he participated personally and substantially as a member or 
employee of the Board through approval, disapproval, decision, 
recommendation, advice, investigation or otherwise.
    (b) Matters within Board member or employee's official 
responsibility. No former member or employee of the Board shall appear 
personally before the Board or a Federal Reserve Bank on behalf of 
anyone other than the United States, an agency thereof, or a Federal 
Reserve

[[Page 797]]

Bank, in connection with any judicial or other proceeding, application, 
request for ruling or determination, or other particular matter 
involving a specific party or parties in which the United States, an 
agency thereof, or a Federal Reserve Bank is also a party or has a 
direct and substantial interest, and which matter was in process during 
his tenure of office or period of employment and under his official 
Board responsibility, at any time within a period of one year after the 
termination of such responsibility.
    (c) Consultation as to propriety of appearance before the Board. Any 
former member or employee of the Board who wishes to personally appear 
before the Board or a Federal Reserve Bank on behalf of any party other 
than the United States or an agency thereof or a Federal Reserve Bank at 
any time within two years from termination of employment with the Board 
is advised to consult the General Counsel or the Secretary of the Board 
as to the propriety of such appearance.
    (d) Rulemaking proceedings. Nothing in this section shall preclude a 
former member or employee of the Board from representing another person 
in any Board or Federal Reserve Bank proceeding governed by a rule, 
regulation, standard, or policy of the Board solely by reason of the 
fact that such former member or employee participated in or had official 
responsibility in the formation or adoption of such rule, regulation, 
standard, or policy.
    (e) Effective date. This part shall become effective November 6, 
1973. Notwithstanding the foregoing, the limitations of this part shall 
not apply to any activities with respect to a specific matter before the 
Board in which any former Board member or employee may be engaged on 
September 21, 1973, the date of publication of this part, until the 
expiration of 60 days following the effective date of this part or of 
such additional period as the Secretary of the Board may determine to be 
appropriate in order to avoid inequity.