Page:United States Statutes at Large Volume 48 Part 1.djvu/1133

 73d C ONGRESS. SESS. II. CH. 653. JUNE 19, 1934. 1107 cumbered and to pay to the United States all dividends, all pay- ments on liquidation, and all other proceeds of such stock, for which dividends, payments, and proceeds the United States shall be secured by such stock itself up to the total amount paid to each Federal Reserv e bank by the Secretary of the Treasury under this Agreement re spe et- se ct i on. Each Federal Reserve bank, in addition , shall agree that, p ymentss o Unia in the event s uch dividends, payments, a nd other proce eds in any States. calendar year do not aggreg ate 2 per cen tum of the tot al payment made by the Secretary of the Treasury, under this section, it will pay to the United States in such year such further amount, if any, up to 2 per centum of the said total payment, as shall be covered by the net earnings of the bank for that year derived from the use of the sum so paid by the Secretary of the Treasury, and that for said amount so due the United States shall have a first claim against such earnings and stock, and further that it will continue such payments until the final liquidation of said stock by the Federal Deposit Insurance Corporation. The sum so paid to each Federal Status of funds paid Reserve bank by the Secretary of the Treasury shall become a part to Reserve banks. of the surplus fund of such Federal Reserve bank within the mean- ing of this section. All amounts required to be expended by the Treasury f arailablents Secretary of the Treasury in order to carry out the provisions of this section shall be paid out of the miscellaneous receipts of the Treasury created by the increment resulting from the reduction of the weight of the gold dollar under the President's proclamation of January 31, 1934 ; and there is hereby appropriated, out of such receipts, such suns as shall be required for such purpose ." SEC . 2. Section 5202 of the Revised Statutes of the United States, R.sS sec . 5202, p . loos. a s amended, is hereby amended by adding at the end thereof the U .S .C ., p. 264. follow ing ne w para graph " Tenth. Liabilities incurred under the provisions of section 13b National Banks, lim- of the Federal Reserve Act ." it ation on ind ebted- ness . SEC . 3 . Section 22 of the Federal Reserve Act is amended by add- Federal Reserve Act, in at the end thereof the following new amendment . g g paragraphs : Vo1 .38, p .272 ; U.S.C ., (h) Whoever makes any material statement, knowing it to be p.291. false, or whoever willfully overvalues any security, for the purpose Fal se Penalty provisions . of influencing in any way the action of a Federal Reserve bank upon any application, commitment, advance, discount, purchase, or loan, or any extension thereof by renewal, deferment of action, or other- wise, o r the a cceptan ce, re lease, or subs tituti on of s ecurity there for, shall be punished by a fine of not more than $5,000 or by imprison- ment for not more than two years, or both . " (i) Whoever, being connected in any capacity with a Federal Embezzlement, etc. Reserve bank (1) embezzles, abstracts, purloins, or willfully mis- applies any moneys, funds, securities, or other thin gs of value, whether belonging to it or pledged or otherwise entrusted to it, or (2) with intent to defraud any Federal Reserve bank, or any other body politic or corporate, or any individual, or to deceive any officer, auditor, or examiner, makes any false entry in any book, report, or statement of or to a Federal Reserve bank, or, without being duly authorized, draws any order or issues, puts forth, or assigns any note, debenture, bond, or other obligation, or draft, mortgage, judg- ment, or decree shall be punished by a fine of not more than $10,000 or by imprisonment for not more than five years, or both. " (j) The provisions of sections 112, 113, 114, 115, 116, and 117 erionsCode. le. of the Criminal Code of the United States, insofar as applicable, Vol .35,p.1108 ;u .S .C. are extended to apply to contracts or agreements of any Federal P"74 ' Reserve bank under this Act, which, for the purposes hereof, shall