When used in this part, the
following terms have the meanings indicated:
(a) Board employees means—
(1) members of the Board of Governors of
the Federal Reserve System (“Board”), officers, and other employees
of the Board, including experts or consultants while employed by,
and acting on behalf of, the Board; and
(2) spouses (unless separated) or dependents
(within the meaning of section 152 of the Internal Revenue Code of
1986 (26 USC 152)) of such persons.
(b) Foreign government means—
(1) any unit of foreign governmental authority,
including any foreign national, state, local, or municipal government;
(2) any international
or multinational organization whose membership is composed of any
unit of foreign government as described in paragraph (b)(1) of this
section; and
(3) any
agent or representative of any such unit or organization, while acting
as such.
(c) Gift means a tangible
or intangible present (other than a decoration) tendered by, or received
from, a foreign government.
(d) Decoration means an order, device, medal, badge, insignia, emblem, or award
tendered by, or received from, a foreign government.
(e) Minimal value means retail value in the United States
at the time of acceptance of $285 or less as of January 1, 2002, and
at three-year intervals thereafter, as redefined in regulations prescribed
by the administrator of general services, in consultation with the
secretary of state, to reflect changes in the consumer price index
for the immediately preceding three-year period.
(f) Administrative governor means the Board member serving
as the administrative governor and includes persons designated by
the administrative governor to exercise the authority granted under
this part in the governor’s absence.
