L4
APPENDIX
Eighth. Liabilities incurred under the provisions ©
section 202 of Title IT of the Federal Farm Loan Aet
approved July 17, 1916, as ‘amended by the Agricultur®
Credits Act of 1923.
UNITED STATES NOTES NOT TO BE HELD AS COLLATERA!
Sec. 5207. No association shall hereafter offer Of
receive United States notes or national-bank notes 8¢
security or as collateral security for any loan of money:
or for a consideration agree to withhold the same from
use, or offer or receive the custody or promise of custody
of such notes as security, or as collateral security, or con-
sideration for any loan of money. Any association
offending against the provisions of this section, shall be
deemed guilty of a misdemeanor, and shall be fined not
more than one thousand dollars and a further sum equal
to one-third of the money so loaned. The officer of
officers of any association who shall make any such loan
shall be liable for a further sum equal to one-quarter of
the money loaned; and any fine or penalty incurred by #
violation of this section shall be recoverable for the
benefit of the party bringing such suit.
PENALTIES FOR FALSE CERTIFICATION, EMBEZZLEMENT.
ETC.
Section 5208, Revised Statutes, as amended by the act of Septem-
ber 26, 1918, and by the act of February 25, 1927, and section
5209, Revised Statutes. ss amended bv the act of September 26.
1918.
Suc. 5208. It shall be unlawful for any officer, director,
agent, or employee of any Federal reserve bank, or any
member bank as defined in the Act of December 23,
1913, known as the Federal Reserve Act, to certify any
check drawn upon such Federal reserve bank or member
bank unless the person, firm, or corporation drawing the
check has on deposit with such Federal reserve bank or
member bank, at the time such check is certified, an
amount of money not less than the amount specified in
such check. Any check so certified by a duly authorized
officer, director, agent, or employee shall be a good and
valid obligation against such Federal reserve bank or
member bank; but the act of any officer, director, agent,
or employee of any such Federal reserve bank or member