Page:United States Statutes at Large Volume 79.djvu/297

 79 STAT. ]

PUBLIC LAW 89-81-JULY 23, 1965

257

SEC. 207. The second sentence of section 3542 of the Revised Stat- ^J^^*^^^ ^"°^utes (31 U.S.C. 355) is amended by changing ", in the case of the ^"''^* superintendent of melting and refining department, one-thousandth of the whole amount of gold, and one and one-half thousandths of the whole amount of silver delivered to him since the last annual settlement, and in the case of the superintendent of coining department, onethousandth of the whole amount of silver, and one-half thousandth of the whole amount of gold that has been delivered to him by the superintendent" to read "such limitations as the Secretary shall 208. Section 3550 of the Revised Statutes (31 U.S.C. 366) is ^^P'^^repealed. SEC. 209. The second sentence of section 2 of the Act of June 4, Silver excess. 1963 (Public Law 88-36; 31 U.S.C. 405a-l), is amended to read: "The ^^ ^'^'- secretary of the Treasury is authorized to use for coinage, or to sell on such terms and conditions as he may deem appropriate, at a price not less than the monetary value of $1.292929292 per fine troy ounce, any silver of the United States in excess of that required to be held as reserves against outstanding silver certificates." SEC. 210. The last sentence of section 43(b)(1) of the Act of May K«P««I12, 1933 (Public Law 10,73d Congress; 31 U.S.C. 462), is repealed. ^^ ^'^'' ^^^^ SEC. 211. (a) Section 485 of title 18 of the United States Code is ^2 Stat. 708. amended to read: "§485. Coins or bars "Whoever falsely makes, forges, or counterfeits any coin or bar in resemblance or similitude of any coin of a denomination higher than 5 cents or any gold or silver bar coined or stamped at any mint or assay office of the United States, or in resemblance or similitude of any foreign gold or silver coin current in the United States or in aclraal use and circulation as money within the United States; or "Whoever passes, utters, publishes, sells, possesses, or brings into the United States any false, forged, or counterfeit coin or bar, knowing the same to be false, forged, or counterfeit, with intent to defraud any body politic or corporate, or any person, or attempts the commission of any offense described in this paragraph— "Shall be fined not more than $5,000 or imprisoned not more than Penalty. fifteen years, or both." (b) The table of sections at the beginning of chapter 25 of such title is amended by striking SEC.

"485. Gold or silver coins or bars."

and inserting "485. Coins or bars."

SEC. 212. (a) Chapter 17 of title 18 of the United States Code is "sc 331.336. is amended by adding at the end: "§ 337. Coins as security for loans "Whoever lends or borrows money or credit upon the security of such coins of the United States as the Secretary of the Treasury may from time to time designate by proclamation published in the Federal Register, during any period designated in such a procla- p.jfH"^^i,'^R"°"«i"^ mation, shall be fined not more than $10,000 or imprisoned not more Federal Register. than one year, or both." (b) The table of sections at the beginning of such chapter is amended by adding at the end: "337. Coins as security for loans."

(c) The amendments made by this section shall apply only with respect to loans made, renewed, or increased on or after the 31st day after the date of enactment of this Act.

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