{"data":{"id":"us/12-cfr-1261.20","jurisdiction":"us","citation":"12 CFR 1261.20","heading":"Definitions.","body":"As used in this subpart C:\nCompensation means any payment of money or the provision of any other thing of current or potential value in connection with service as a director. Compensation includes all direct and indirect payments of benefits, both cash and non-cash, granted to or for the benefit of any director.\nExpenses means necessary and reasonable travel, subsistence and other related expenses incurred in connection with the performance of official duties as are payable to senior officers of the Bank under the Bank's travel policy, except gift or entertainment expenses.","path":["Title 12—Banks and Banking","CHAPTER XII—FEDERAL HOUSING FINANCE AGENCY","SUBCHAPTER D—FEDERAL HOME LOAN BANKS","PART 1261—FEDERAL HOME LOAN BANK DIRECTORS","Subpart C—Federal Home Loan Bank Directors' Compensation and Expenses"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"aed8d76c9437b8acd4d8e61536fe0dc466829ee1dba5e65cc4a5581e22763fa0","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-1261.16","next":"us/12-cfr-1261.21"},"notice":"GroundRules: Original legal text. Not legal advice."}