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

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
	        
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