Full text: The Federal reserve act (approved December 23, 1913) as amended to March 4, 1931

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Bec. 25 (a) FEDERAL RESERVE ACT 
Every officer, director, clerk, employee, or agent of any 
corporation organized under this section who embezzles, 
abstracts, or willfully misapplies any of the moneys, funds, 
credits, securities, evidences of indebtedness or assets of 
any character of such corporation; or who, without au- 
thority from the directors, issues or puts forth any certifi- 
cate of deposit, draws any order or bill of exchange, makes 
any acceptance, assigns any note, bond, debenture, draft, 
bill of exchange, mortgage, judgment, or decree; or who 
makes any false entry in any book, report, or statement 
of such corporation with intent, in either case, to injure 
or defraud such corporation or any other company, body 
Politic or corporate, or any individual person, or to deceive 
any officer of such corporation, the Federal Reserve Board, 
Or any agent or examiner appointed to examine the afl airs 
of any such corporation; and every receiver of any such 
Corporation and every clerk or employee of such receiver 
who shall embezzle, abstract, or willfully misapply or 
wrongfully convert to his own use any moneys, funds, 
Credits, or assets of any character which may come into 
his Possession or under his control in the execution of his 
brust or the performance of the duties of his employment; 
and every such receiver or clerk or employee of such re- 
ceiver who shall, with intent to injure or defraud any per- 
Son, body politic or corporate, or to deceive or mislead the 
Federal Reserve Board, or any agent or examiner ap- 
Pointed to examine the affairs of such receiver, shall make 
iny false entry in any book, report, or record of any mat- 
ter connected with the duties of such receiver; and every 
Person who with like intent aids or abets any officer, di- 
rector, clerk, employee, or agent of any corporation or- 
ganized under this section, or receiver or clerk or em- 
Ployee of such receiver as aforesaid in any violation of this 
Section, shall upon conviction thereof be imprisoned for 
not less than two years nor more than ten years, and may 
also be fined not more than $5.000, in the discretion of 
the court. 
Whoever being connected in any capacity with any cor- 
Poration organized under this section represents in any 
Way that the United States is liable for the payment of 
any bond or other obligation, or the interest thereon, 
issued or incurred by any corporation organized here- 
under, or that the United States incurs any liability in 
respect of any act or omission of the corporation, shall 
Ag
	        
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