12 CFR 264b.3 – Restrictions on acceptance of gifts and decorations
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(a) Board employees are prohibited from requesting or otherwise encouraging the tender of a gift or decoration from a foreign government.
Terms Used In 12 CFR 264b.3
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
(b) Board employees are prohibited from accepting a gift or decoration from a foreign government, except in accordance with this part.