12 CFR § 264b.1 - Purpose and scope.

---
identifier: "/us/cfr/t12/s264b.1"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 264b.1 - Purpose and scope."
title_number: 12
title_name: "Banks and Banking"
section_number: "264b.1"
section_name: "Purpose and scope."
chapter_name: "FEDERAL RESERVE SYSTEM"
subchapter_number: "A"
subchapter_name: "BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM"
part_number: "264b"
part_name: "RULES REGARDING FOREIGN GIFTS AND DECORATIONS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "5 U.S.C. 552, 7342; 12 U.S.C. 248(i)."
regulatory_source: "68 FR 68721, Dec. 10, 2003, unless otherwise noted."
cfr_part: "264b"
---


# 264b.1 Purpose and scope.

These rules govern when Board employees, their spouses, and their dependents may accept and retain gifts and decorations from foreign governments under the Foreign Gifts and Decorations Act of 1966, as amended (5 U.S.C. 7342) (“Act”).