Federal Reserve System
§ 264.101 Cross-reference to employees’
ethical conduct standards and fi-
nancial disclosure regulations.
Employees of the Board of Governors
of the Federal Reserve System (Board)
are subject to the executive branch-
wide standards of ethical conduct at 5
CFR part 2635 and the Board’s regula-
tion at 5 CFR part 6801, which supple-
standards, and the executive branch-
wide financial disclosure regulation at
5 CFR part 2634.
[61 FR 53830, Oct. 16, 1996]
PART 264a [RESERVED]
PART 264b—RULES REGARDING
FOREIGN GIFTS AND DECORA-
264b.1 Purpose and scope.
264b.3 Foreign gifts.
264b.4 Foreign decorations.
264b.5 Disposal of foreign gifts and decora-
264b.6 Official use of foreign gifts and deco-
264b.7 Reporting requirements.
264b.8 Implementing procedures.
AUTHORITY: 5 U.S.C. 552, 7342; and 12 U.S.C.
SOURCE: 44 FR 64399, Nov. 7, 1979, unless
§ 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 employ-
ees’ acceptance of foreign gifts and
decorations. The restrictions apply to
gifts whether they are tangible or in-
tangible. Different rules apply depend-
ing on whether the gift has only
‘‘minimal value.’’ There are also rules
regarding acceptance of decorations
from foreign governments.
§ 264b.2 Definitions.
(a) The term Board Members and em-
(1) Members of the Board of Gov-
ernors of the Federal Reserve System,
officers, and other employees of the
(2) Consultants while employed by
the Board; and acting on behalf of the
(3) Spouses and dependents of Board
Members, officers, employees, and con-
sultants as defined in this section.
(b) The term foreign government
means any unit of a foreign govern-
mental authority (or its agent or rep-
resentative), including any foreign, na-