February 8, 1994
                                           DO-94-008

    MEMORANDUM

    TO:        Designated Agency Ethics Officials

     FROM:     Stephen D. Potts   
               Director

    SUBJECT:   Extension of Grace Period for Certain Existing Agency
               Standards of Conduct


     Attached is the final rule published by the Office of
Government Ethics (OGE) on February 2, 1994, which grandfathers for
up to an additional year certain agency standards of conduct
regulations in effect prior to February 3, 1993.  59 Fed. Reg.
4779-4780.  The Standards of Ethical Conduct for Employees of the
Executive Branch grandfathered for one year after the effective
date of the Standards, or until the earlier issuance of an agency
supplemental regulation, preexisting agency regulations that
prohibited the acquisition or holding of certain financial
interests or required prior approval for outside employment
activities.  See notes following 5 C.F.R.  §§ 2635.403(a) and
2635.803.  The initial grace period expired on February 3, 1994.

     The attached final rule extends the grace period for an
additional year, until February 3, 1995, to provide the 52 agencies
listed in new appendix A to part 2635 additional time to issue
supplemental regulations.     By DAEOgram (DO-93-033) dated
November 22, 1993, OGE gave agencies that had not earlier done so
an opportunity to provide notice of their intent to issue
supplemental regulations.  The 52 agencies listed in the attached
final rule are those that provided such notice but had not issued
interim or final supplemental regulations.  For other agencies that
have not issued interim or final supplemental regulations, the
original grace period expired, as noted above, this past
February 3.

Attachment

(TEBBS Note: The final rule is not provided here, but it is available
on the bulletin board.  It can be accessed in the PUBLIC AFFAIRS category
of both the BULLETINS (#8) and FILES (FR020294.TXT) sections)