Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 12 - Banks and Banking |
Chapter IX - Federal Housing Finance Board |
SubChapter C - GOVERNANCE AND MANAGEMENT OF THE FEDERAL HOME LOAN BANKS |
Part 918 - BANK DIRECTOR COMPENSATION AND EXPENSES |
§ 918.1 - Definitions.
Latest version.
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As used in this part:
Compensation means any payment of money or provision of any other thing of value (or the accrual of a right to receive money or a thing of value in a subsequent year) in consideration of a director's performance of official duties for the Bank, including, without limitation, daily meeting fees, incentive payments and fringe benefits.