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 |
§ 918.4 - Directors' expenses.
Latest version.
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Each Bank may pay its directors for such necessary and reasonable travel, subsistence and other related expenses incurred in connection with the performance of their official duties as are payable to senior officers of the Bank under the Bank's travel policy, except that directors may not be paid for gift or entertainment expenses.