12 CFR 366.12
§ 366.12 What are the FDIC's minimum standards of ethical responsibility?
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 366.12, § 366.12 What are the FDIC's minimum standards of ethical responsibility?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/47080
- Permanent ID
ys:prov:47080@1- SHA-256
40e8ed43d85a38242dd0e86cb9625b4e355d46ec7b0268a0128f68f1b3329160
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) You and any person who performs services for us must not provide preferential treatment to any person in your dealings with the public on our behalf.
(b) You must ensure that any person you employ to perform services for us is informed about their responsibilities under this part.
(c) You must disclose to us waste, fraud, abuse or corruption. Contact the Inspector General at 1-800-964-FDIC or Ighotline@fdic.gov.
(d) You and any person who performs contract services to us must not:
(1) Accept or solicit for yourself or others any favor, gift, or other item of monetary value from any person who you reasonably believe is seeking an official action from you on our behalf, or has an interest that the performance or nonperformance of your duties to us may substantially affect;
(2) Use or allow the use of our property, except as specified in the contract;
(3) Make an unauthorized promise or commitment on our behalf; or
(4) Provide impermissible gifts or entertainment to an FDIC employee or other person providing services to us.
(e) The following are examples of when you are engaging in unethical behavior. These examples are not inclusive.
(1) Using government resources, including our Internet connection, to conduct any business that is unrelated to the performance of your contract with us.
(2) Submitting false invoices or claims, or making misleading or false statements.
(3) Committing us to forgive or restructure a debt or portion of a debt, unless we provide you with written authority to do so.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.