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§264b.8. Disposition or retention of gifts and decorations deposited with the Office of the Secretary. — Inbound Citations

12 C.F.R. § 264b.8

Cited by 2 regulations in release Current.

Citations to 12 U.S.C. § 264b.8 as a whole

  • (2) Board employees may accept gifts of more than minimal value when it appears that refusal would likely cause offense or embarrassment or otherwise adversely affect the foreign relations of the United States. Tangible gifts are considered to have been accepted on behalf of the United States and become the property of the United States on acceptance. Accordingly, they must be deposited and documented in accordance with § 264b.6(a) and can only be returned or otherwise processed by the Office of the Secretary under § 264b.8.
  • (b) Decorations accepted by Board employees without the approval of the Administrative Governor are considered to have been accepted on behalf of the United States and must be deposited within 60 days of the decoration's acceptance with the Office of the Secretary for disposition or retention under § 264b.8.