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CANAL ZONE Applicability of section to Canal Zone, see section 14 of this title.

CROSS REFERENCES Jurisdiction of offenses, see section 3241 of this title.

Words "within the United States" were substituted for "within the jurisdiction" etc., in view of the definition of United States in section 5 of this title.

Mandatory punishment provision was rephrased in the alternative. (See reviser's note under section 201 of this title.)

Words in subsection (a), referring to title 46, sections 91, 92, and 94, "each of which sections is hereby declared to be and is continued in full force and effect," were omitted as surplusage.

The conspiracy provision of said section 36 was omitted as covered by section 371 of this title. See reviser's note under that section.

The final paragraph of the revised section was added on advice of the Treasury Department, to conform with administrative practice and because of the unnecessary burden upon domestic commerce had the provisions of this section been enforced against coastwise, fishing, and pleasure vessels. Minor changes of phraseology were made.

CANAL ZONE Applicability of section to Canal Zone, see section 14 of this title.

CROSS REFERENCES Jurisdiction of offenses, see section 3241 of this title.

8966. Departure of vessel forbidden for false state

ments. (a) Whenever it appears that the vessel is not entitled to clearance or whenever there is reasonable cause to believe that the additional statements under oath required in section 965 of this title are false, the collector of customs for the district in which the vessel is located may, subject to review by the head of the department or agency charged with the administration of laws relating to clearance of vessels, refuse clearance to any vessel, domestic or foreign, and by formal notice served upon the owners, master, or person or persons in command or charge of any domestic vessel for which clearance is not required by law, forbid the departure of the vessel from the port or from the United States. It shall thereupon be unlawful for the vessel to depart.

(b) Whoever, in violation of this section, takes or attempts to take, or authorizes the taking of any such vessel, out of port or from the United States, shall be fined not more than $10,000 or imprisoned not more than ten years, or both.

In addition, such vessel, her tackle, apparel, furniture, equipment, and her cargo shall be forfeited to the United States. (June 25, 1948, ch. 645, § 1, 62 Stat. 747.)

LEGISLATIVE HISTORY Reviser's Note. Based on title 18, U. S. C., 1940 ed., $$ 35, 36 (June 15, 1917, ch. 30, title V, 88 5, 6, 40 Stat. 222; Mar. 28, 1940, ch. 72, § 5, 54 Stat. 79).

Section consolidates said sections of title 18, U. S. C., 1940 ed.

Mandatory punishment provision was rephrased in the alternative. (See reviser's note under section 201 of this title.)

The phrase "by the head of the department or agency charged with the administration of laws relating to clearance of vessels,” was substituted for "by the Secretary of Commerce" in view of Executive Order No. 9083 (F. R. 1609) transferring functions to the Commissioner of Customs.

The conspiracy provision of said section 36 was omitted as covered by section 371 of this title. See reviser's note under that section.

Minor changes of phraseology were made.

8 967. Departure of vessel forbidden in aid of neu

trality. (a) During a war in which the United States is a neutral nation, the President, or any person authorized by him, may withhold clearance from or to any vessel, domestic or foreign, or, by service of formal notice upon the owner, master, or person in command or in charge of any domestic vessel not required to secure clearances, may forbid its departure from port or from the United States, whenever there is reasonable cause to believe that such vessel is about to carry fuel, arms, ammunition, men, supplies, dispatches, or information to any warship, tender, or supply ship of a foreign belligerent nation in violation of the laws, treaties, or obligations of the United States under the law of nations. It shall thereupon be unlawful for such vessel to depart.

(b) Whoever, in violation of this section, takes or attempts to take, or authorizes the taking of any such vessel, out of port or from the United States, shall be fined not more than $10,000 or imprisoned not more than ten years, or both. In addition, such vessel, her tackle, apparel, furniture, equipment, and her cargo shall be forfeited to the United States. (June 25, 1948, ch. 645, § 1, 62 Stat. 748.)

LEGISLATIVE HISTORY Reviser's Note.-Based on title 18, U. S. C., 1940 ed., $$ 31, 36 (June 15, 1917, ch. 30, title V, $$1, 6, 40 Stat. 221, 222; Mar. 28, 1940, ch. 72, § 5, 54 Stat. 79).

Section conso ates said sections tit 18, U. S. C. 1940 ed., with minor changes in translations and phraseology.

Mandatory punishment provision was rephrased in the alternative. (See reviser's note under section 201 of this title.)

The conspiracy provision of said section 36 was omitted as covered by section 371 of this title. See reviser's note under that section. Changes in phraseology were also made.

CANAL ZONE Applicability of section to Canal Zone, see section 14 of this title.

CROSS REFERENCES Jurisdiction of offenses, see section 3241 of this title.

Restrictions on use of American ports where evidence insufficient under this section, see section 450 of Title 22, Foreign Relations and Intercourse. $ 968. Exportation of war materials to certain coun

tries. Whenever the President finds that in any American country, or in any country in which the United States exercises extraterritorial jurisdiction, conditions of domestic violence exist, which are or may be promoted by the use of arms or munitions of war procured from the United States, and makes procla. mation thereof, it shall be unlawful to export, except under such limitations and exceptions as the President prescribes, any arms or munitions of war from any place in the United States, to such country until otherwise ordered by the President or by Congress. Whoever violates this section shall be fined not more than $10,000 or imprisoned not more than two years, or both. (June 25, 1948, ch. 645, § 1, 62 Stat. 748.)

LEGISLATIVE HISTORY Reviser's Note.-Based on sections 409, 410, of title 22, U.S. C., 1940 ed., Foreign Relations and Intercourse (Jan. 31, 1922, ch. 44, $$ 1, 2, 42 Stat. 361).

Section consolidates said sections of title 22, U. S. C., 1940 ed., Foreign Relations and Intercourse, with such changes of phraseology as were necessary to effect consolidation,

Words "on conviction” were omitted from last sentence as surplusage since punishment cannot be imposed until a conviction is secured.

8969. Exportation of arms, liquors and narcotics to

Pacific Islands. (a) Whoever, being subject to the authority of the United States, gives, sells, or otherwise supplies any arms, ammunition, explosive substance, intoxicating liquor, or opium to any aboriginal native of any of the Pacific Islands lying within the twentieth parallel of north latitude and the fortieth parallel of south latitude, and the one hundred and twentieth meridian of longitude west and one hundred and twentieth meridian of longitude east of Greenwich, not being in the possession or under the protection of any civilized power, shall be fined not more than $50 or imprisoned not more than three months or both.

In addition to such punishment, all articles of a similar nature to those in respect to which an offense has been committed, found in the possession of the offender, may be declared forfeited.

If it appears to the court that such opium, wine, or spirits have been given bona fide for medical purposes, it shall be lawful for the court to dismiss the charge.

(b) All offenses against this section, committed on any of said islands or on the waters, rocks, or keys adjacent thereto, shall be deemed committed on the high seas on board a merchant ship or vessel belonging to the United States. (June 25, 1948, ch. 645, § 1, 62 Stat. 748.)

LEGISLATIVE HISTORY Reviser's Note.-Based on title 18, U. S. C., 1940 ed., $$ 499, 500 (Mar. 4, 1909, ch. 321, $ $ 308, 309, 35 Stat. 1148).

Section consolidates said sections of title 18, U. S. C., 1940 ed., with such changes of phraseology as were necessary to effect consolidation.

Words "and the courts of the United States shall have jurisdiction accordingly," were omitted from subsection (b) as unnecessary in view of sections 3231 and 3238 of this title.

CROSS REFERENCES Indians, intoxicants dispensed in Indian country, see section 1154 of this title.

Special maritime and territorial jurisdiction of United States, definition of, see section 7 of this title,

Sec. 1008. Federal Savings and Loan Insurance Corporation

transactions. 1009. Rumors regarding Federal Savings and Loan In

surance Corporation. 1010. Federal Housing Administration transactions. 1011. Federal land bank mortgage transactions. 1012. Public Housing Administration transactions. 1013. Farm loan bonds and credit bank debentures. 1014. Loan and credit applications generally; renewals and

discounts; crop insurance. 1015. Naturalization, citizenship or alien registry. 1016. Acknowledgment of appearance or oath. 1017. Government seals wrongfully used and instruments

wrongfully sealed. 1018. Official certificates or writings. 1019. Certificates by consular officers. 1020. Highway projects. 1021. Title records. 1022. Delivery of certificate, voucher, receipt for military

or naval property. 1023. Insuficient delivery of money or property for mill

tary or naval service. 1024. Purchase or receipt of military, naval, or veterans'

facilities property. 1025. False pretenses on high seas and other waters. 1026. Compromise, adjustment, or cancellation of farm indebtedness.

AMENDMENTS 1951-Analysis amended by act Oct. 31, 1951, ch. 655, $ 25, 65 Stat. 720, which, in Item 1012, substituted "Public Housing Administration" in lieu of “United States Housing Authority".

1949—Act May 24, 1949, ch. 139, $$ 18, 19, 63 Stat. 92, amended analysis to correct spelling of "1016. Acknowledgement etc.", and to insert "officers” in lieu of "offices" in "1019. Certificates by consular officers."

CROSS REFERENCES Alien registration, fraud and false statements, see section 457 of Title 8, Aliens and Nationality.

Aliens obtaining entry to the United States by willful, false or misleading representation, see section 180a of Title 8, Aliens and Nationality.

Carriers' reports to Interstate Commerce Commission, false entries, see section 20 (7) of Title 49, Transportation.

China Trade, false or fraudulent statements prohibited, see section 158 of Title 15, Commerce and Trade.

Loans to farmers by Land Bank Commissioner, false representation in obtaining loan, see section 1019 of Title 12, Banks and Banking. $ 1001. Statements or entries generally.

Whoever, in any matter within the jurisdiction of any department or agency of the United States knowingly and willfully falsifies, conceals or covers up by any trick, scheme, or device a material fact, or makes any false, fictitious or fraudulent statements or representations, or makes or uses any false writing or document knowing the same to contain any false, fictitious or fraudulent statement or entry, shall be fined not more than $10,000 or imprisoned not more than five years, or both. (June 25, 1948, ch. 645, § 1, 62 Stat. 749.)

LEGISLATIVE HISTORY Reviser's Note.-Based on title 18, U. S. C., 1940 ed., $ 80 (Mar. 4, 1909, ch. 321, $ 35, 35 Stat. 1095; Oct. 23, 1918, ch. 194, 40 Stat. 1015; June 18, 1934, ch, 587, 48 Stat. 996; Apr. 4, 1938, ch. 69, 52 Stat. 197).

Section 80 of title 18, U. S. C., 1940 ed., was divided into two parts.

The provision relating to false claims was incorporated in section 287 of this title.

Reference to persons causing or procuring was omitted as unnecessary in view of definition of "principal” in section 2 of this title.

Chapter 47.-FRAUD AND FALSE STATEMENTS Sec. 1001. Statements or entries generally. 1002. Possession of false papers to defraud United States. 1003. Demands against the United States. 1004. Certification of checks. 1005. Bank entries, reports and transactions. 1006. Federal credit institution entries, reports and trans

actions. 1007. Federal Deposit Insurance Corporation transactions.

Words "or any corporation in which the United States of America is a stockholder" in said section 80 were omitted as unnecessary in view of definition of "agency" in section 6 of this title.

In addition to minor changes of phraseology, the maximum term of imprisonment was changed from 10 to 5 years to be consistent with comparable sections. (See reviser's note under section 287 of this title.)

CROSS REFERENCES Conspiracy to defraud Government in regard to false claims, see section 286 of this title.

Conspiracy to defraud United States, see section 371 of this title.

False claims for pensions, see section 289 of this title.

False claims for postal losses, see section 288 of this title.

False entry or certificate by revenue officer or agent, see section 4047 (e) (8) of Title 26, Internal Revenue Code.

Falsification of postal returns to increase compensation, see section 1712 of this title.

Fraudulent claims, generally, see section 287 of this title.

Passports, false statements in application, see section 1542 of this title.

LEGISLATIVE HISTORY Reviser's Note.-Based on title 18, U. S. C., 1940 ed., $ 79 (Mar. 4, 1909, ch. 321, $ 34, 35 Stat. 1095).

Words "prize money" were deleted on the ground that they are an anachronism and were so before 1909. (See reviser's note under section 915 of this title.)

Mandatory punishment provision was rephrased in the alternative. (See reviser's note under section 201 of this title.)

The smaller punishment for an offense involving $100 or less was added. (See reviser's note to sections 641 and 645 of this title.)

The maximum term of "five years” was substituted for "ten years" and "$10,000" was substituted for "$5,000" as being more in harmony with punishment provision of similar sections. (See reviser's note under section 1001 of this title.)

Minor changes in phraseology were made.

8 1002. Possession of false papers to defraud United

States. Whoever, knowingly and with intent to defraud the United States, or any agency thereof, possesses any false, altered, forged, or counterfeited writ or document for the purpose of enabling another to obtain from the United States, or from any agency, officer or agent thereof, any sum of money, shall be fined not more than $10,000 or imprisoned not more than five years, or both. (June 25, 1948, ch. 645, § 1, 62 Stat. 749.)

LEGISLATIVE HISTORY Reviser's Note.-Based on title 18, U. S. C., 1940 ed., § 74 (Mar. 4, 1909, ch. 321, § 30, 35 Stat. 1094).

Words "or any agency thereof" after "United States" and word "agency' after “any" and before "officer," were Inserted to eliminate any possible ambiguity as to scope of section. (See definition of "agency" in section 6 of this title.)

The maximum fine of “$10,000" was substituted for "$500" in order to conform punishment provisions to those of comparable sections. (See section 1001 of this title.) Minor verbal change was made.

CROSS REFERENCES Contracts, deeds, and powers of attorney, see section 495 of this title.

8 1004. Certification of checks.

Whoever, being an officer, director, agent, or employee of any Federal Reserve bank or member bank of the Federal Reserve System, certifies a check before the amount thereof has been regularly deposited in the bank by the drawer thereof, or resorts to any device, or receives any fictitious obligation, directly or collaterally, in order to evade any of the provisions of law relating to certification of checks, shall be fined not more than $5,000 or imprisoned not

ore than five years, or both. (June 25, 1948, ch. 645, § 1, 62 Stat. 749.)

LEGISLATIVE HISTORY Reviser's Note.-Based on section 591 of title 12, U. S.C., 1940 ed., Banks and Banking (R. S. § 5208; July 12, 1882, ch. 290, $ 13, 22 Stat. 166; Sept. 26, 1918, ch. 177, § 7, 40 Stat. 972; Feb. 25, 1927, ch. 191, § 12, 44 Stat. 1231).

Words "be deemed guilty of a misdemeanor and shall" were omitted as unnecessary in view of definition of misdemeanor in section 1 of this title. (See also reviser's note under section 212 of this title.)

Words "on conviction thereof" were omitted as surplusage, because punishment cannot be imposed until after conviction.

Words “in any district court of the United States" were omitted as unnecessary, because section 3231 of this title confers jurisdiction on Federal district courts of all crimes and offenses defined in this title. Changes were made in phraseology.

CROSS REFERENCES Liability of Federal Reserve or member bank for certifying check when amount of deposit was inadequate, see section 501 of Title 12, Banks and Banking.

8 1003. Demands against the United States.

Whoever knowingly and fraudulently demands or endeavors to obtain any share or sum in the public stocks of the United States, or to have any part thereof transferred, assigned, sold, or conveyed, or to have any annuity, dividend, pension, wages, gratuity, or other debt due from the United States, or any part thereof, received, or paid by virtue of any false, forged, or counterfeited power of attorney, authority, or instrument, shall be fined not more than $10,000 or imprisoned not more than five years, or both; but if the sum or value so obtained or attempted to be obtained does not exceed $100, he shall be fined not more than $1,000 or imprisoned not more than one year, or both. (June 25, 1948, ch. 645, § 1, 62 Stat. 749.)

$ 1005. Bank entries, reports and transactions.

Whoever, being an officer, director, agent or employee of any Federal Reserve bank, member bank, national bank or insured bank, without authority from the directors of such bank, issues or puts in circulation any notes of such bank; or

Whoever, without such authority, makes, draws, issues, puts forth, or assigns any certificate of deposit, draft, order, bill of exchange, acceptance, note, debenture, bond, or other obligation, or mortgage, judgment or decree; or

Whoever makes any false entry in any book, report, or statement of such bank with intent to injure or defraud such bank, or any other company, body politic or corporate, or any individual person, or to deceive any officer of such bank, or the Comptroller of the Currency, or the Federal Deposit Insurance Corporation, or any agent or examiner ap

on

pointed to examine the affairs of such bank, or the Board of Governors of the Federal Reserve System

Shall be fined not more than $5,000 or imprisoned not more than five years, or both.

As used in this section, the term “national bank" is synonymous with “national banking association"; "member bank” means and includes any national bank, state bank, or bank or trust company, which has become a member of one of the Federal Reserve banks; and "insured bank” includes any state bank, banking association, trust company, savings bank, or other banking institution, the deposits of which are insured by the Federal Deposit Insurance Corporation. (June 25, 1948, ch. 645, § 1, 62 Stat. 750.)

LEGISLATIVE HISTORY Reviser's Note.--Based on sections 592, 597 of title 12, U. S. C., 1940 ed., Banks and Banking (R. S. § 5209; Dec. 23, 1913, ch. 6, § 22 (1) as added June 19, 1934, ch. 653, $ 3, 48 Stat. 1107; Sept. 26, 1918, ch. 177, § 7, 40 Stat. 972; Aug. 23, 1935, ch. 614, § 316, 49 Stat. 712).

(See reviser's note under section 656 of this title foj comprehensive statement of reasons for separating section 592 of title 12 U. S. C., 1940 ed., Banks and Banking, into three revised sections, and section 597 thereof into two revised sections, with the consequent extensive changes in phraseology, style, and arrangement.)

In this section, national bank receivers and Federal reserve agents were not included in the initial enumeration of persons at whom the act is directed, since the provisions of this section, unlike section 656 of this title, are not directed at such receivers and agents.

No changes of meaning or substance were made, except that, like said section 656 of this title, the different punishment provisions were reconciled, and one uniform punishment provision was adopted.

The words "shall be deemed guilty of a misdemeanor" were omitted as unnecessary in view of the definition of a misdemeanor in section 1 of this title. (See reviser's note under section 212 of this title.)

The words "and upon conviction thereof” were omitted as unnecessary, since punishment cannot be imposed until a conviction is secured.

Since section 3231 of this title gives the district court jurisdiction of criminal prosecutions, the words “in any district court of the United States" were omitted as unnecessary.

EXCEPTION AS TO TRANSFER OF FUNCTIONS Functions vested by any provision of law in the Comptroller of the Currency, referred to in this section, were not included in the transfer of functions of officers, agencies and employees of the Department of the Treasury to the Secretary of the Treasury, made by 1950 Reorg. Plan No. 26, § 1, eff. July 31, 1950, 15 F. R. 4935, 64 Stat. 1280, set out in note under section 241 of Title 5, Executive Departments and Government Officers and Employees.

CROSS REFERENCES Bank examinations, see section 481 et seq. of Title 12, Banks and Banking.

Officers and employees of government, false entries and reports of moneys or securities, see section 2073 of this title.

Reports to Comptroller of the Currency, see section 161 of Title 12, Banks and Banking. 8 1006. Federal credit institution entries, reports and

transactions. Whoever, being an officer, agent or employee of or connected in any capacity with the Reconstruction Finance Corporation, Federal Deposit Insurance Corporation, Home Owners' Loan Corporation, Farm Credit Administration, Federal Housing Administration, Federal Farm Mortgage Corporation, Federal Crop Insurance Corporation, Farmers' Home Corpo

ration, the Secretary of Agriculture acting through the Farmers' Home Administration, or any land bank, intermediate credit bank, bank for cooperatives or any lending, mortgage, insurance, credit or savings and loan corporation or association authorized or acting under the laws of the United States, with intent to defraud any such institution or any other company, body politic or corporate, or any individual, or to deceive any oficer, auditor, examiner or agent of any such institution or of department or agency of the United States, makes any false entry in any book, report or statement of or to any such institution, or without being duly authorized, draws any order or bill of exchange, makes any acceptance, or issues, puts forth or assigns any note, debenture, bond or other obligation, or draft, bill of exchange, mortgage, judgment, or decree, or, with intent to defraud the United States or any agency thereof, or any corporation, institution, or association referred to in this section, participates or shares in or receives directly or indirectly any money, profit, property, or benefits through any transaction, loan, commission, contract, or any other act of any such corporation, institution, or association, shall be fined not more than $10,000 or imprisoned not more than five years, or both. (June 25, 1948, ch. 645, § 1, 62 Stat. 750; May 24, 1949, ch. 139, § 20, 63 Stat. 92.)

LEGISLATIVE HISTORY Reviser's Note.-Based sections 1026 (b) and 1514 (c) of title 7, U. S. C., 1940 ed., Agriculture, sections 264 (u), 984, 1121, 1138d (c), 1311, 1441 (c), 1467 (c) and 1731 (c) of title 12, U. S. C., 1940 ed., Banks and Banking, and section 616 (c) of title 15, U. S. C., 1940 ed., Commerce and Trade (Dec, 23, 1913, ch. 6, § 12B (u), as added June 16, 1933, ch. 89, § 8, 48 Stat. 178; July 17, 1916, ch. 245, $ 31, fourth par., 39 Stat. 383; July 17, 1916, ch. 245, $ 211 (a), as added Mar. 4, 1923, ch. 252, § 2, 42 Stat. 1459; Mar. 4, 1923, ch. 252, title II, § 216 (a), 42 Stat. 1471; Jan. 22, 1932, ch. 8, § 16 (c), 47 Stat. 11; July 22, 1932, ch. 522, $ 21 (c), 47 Stat. 738; Ex. Ord. No. 6084, Mar. 27, 1933; June 13, 1933, ch, 64, $ 8 (c), 48 Stat. 135; June 16, 1933, ch. 98, $ 64 (c), 48 Stat, 268; Jan. 31, 1934, ch. 7, $ 13, 48 Stat. 347; June 27, 1934, ch. 847, § 512 (c), 48 Stat. 1265; Aug. 23, 1935, ch. 614, § 101, 49 Stat. 701; July 22, 1937, ch. 517, title IV, § 52 (b), 50 Stat. 532; Feb. 16, 1938, ch. 30, title V, $ 514 (c), 52 Stat, 76; Aug. 14, 1946, ch. 964, $ 3, 60 Stat. 1064).

Each of the eleven sections from which this section was derived contained similar provisions relating to embezzlement, false entries, and fraudulent issuance or assignment of obligations with respect to one or more named agencies or corporations.

These were divided and the false entry and fraudulent issuance or assignment of obligation provisions of all, form the basis of this section. The remaining provisions of each section, relating to embezzlement and misapplication, form the basis for section 657 of this title. That portion of said section 616 (C) of title 15, relating to disclosure of information, forms the basis for section 1904 of this title.

Each revised section condenses and simplifies the constituent provisions without change of substance except as herein indicated.

The punishment provisions in each section were the same except that in section 1026 (b) of title 7 U. S. C., 1940 ed., and sections 984, 1121, and 1311 of title 12, U. S. C., 1940 ed., the maximum fine was $5,000. This consolidated section adopts the $10,000 maximum fine provided by the seven other sections.

References to persons aiding or abetting contained in sections 984, 1121, and 1311 of title 12, U. S. C., 1940 ed., were omitted as unnecessary, as such persons are made principals by section 2 of this title.

CROSS REFERENCES Secret Service, detection, arrest and delivery into custody of any person violating this section, see section 3056 of this title.

The term "receiver,” used in sections 1121 and 1311 of title 12, U. S. C., 1940 ed., with reference to Federal intermediate credit banks and agricultural credit corporations, was omitted as this term is undoubtedly embraced in the phrase “or connected in any capacity with."

The term "or of any department or agency of the United States" was inserted in order to clarify the sweeping provisions against fraudulent acts and to eliminate any possible ambiguity as to scope of section. (See definitions of "department" and "agency" in section 6 of this title.)

Words "shall be deemed guilty of a misdemeanor", contained in section 1311 of title 12, U. S. C., 1940 ed., were omitted as unnecessary, in view of definition of misdemeanor in section 1 of this title. (See also reviser's note under section 212 of this title.)

Words "and upon conviction", contained in section 1311 of title 12, U. S. C., 1940 ed., were omitted as surplusage, because punishment cannot be imposed until after conviction.

Words "in any district court of the United States", contained in section 1311 of title 12, U. S. C., 1940 ed., were omitted as unnecessary, because section 3231 of this title confers jurisdiction on the Federal district courts of all crimes and offenses defined in this title.

The conspiracy provisions of section 1138d (f) of title 12, U. S. C., 1940 ed., Banks and Banking, were not added to this consolidated section for reasons stated in reviser's note under section 493 of this title. (See also reviser's note under section 371 of this title.)

REFERENCES IN TEXT Home Owners' Loan Corporation, referred to in the text, is in the process liquidation.

AMENDMENTS 1949—Act May 24, 1949 amended section by inserting "the Secretary of Agriculture acting through the Farmers' Home Administration."

CROSS REFERENCES Financial control of government corporations, see Chapter 14 of Title 31, Money and Finance.

Secret Service, detection, arrest and delivery into custody of any person violating this section in so far as the Federal Deposit Insurance Corporation, Federal land banks, joint-stock land banks and national farm loan associations are concerned, see section 3056 of this title.

§ 1008. Federal Savings and Loan Insurance Corpora

tion transactions. Whoever, for the purpose of inducing the insurance of the accounts of any institution by the Fed. eral Savings and Loan Insurance Corporation or for the purpose of obtaining any extension or renewal of such insurance by such Corporation or for the purpose of influencing in any way the action of such Corporation, makes, passes, utters, or publishes any statement, knowing the same to be false; or

Whoever, for the purpose of influencing in any way the action of such Corporation, utters, forges, or counterfeits any instrument, paper, or document, or utters, publishes, or passes as true any instrument, paper, or document, knowing it to have been uttered, forged, or counterfeited, or willfully overvalues any security, asset, or income, of any institution insured or applying for insurance by said Corporation

Shall be fined not more than $5,000 or imprisoned not more than two years, or both. (June 25, 1948, ch. 645, § 1, 62 Stat. 751.)

LEGISLATIVE HISTORY Reviser's Note.-Based on section 1731 (e) of title 12, U. S. C., 1940 ed., Banks and Banking (June 27, 1934, ch. 847, § 512 (e), as added Feb. 3, 1938, ch. 13, § 10, 52 Stat. 25).

References to persons causing or procuring were omitted as unnecessary in view of definition of "principal” in section 2 of this title.

Minor changes in phraseology were made.

8 1007. Federal Deposit Insurance Corporation trans

actions. Whoever, for the purpose of obtaining any loan from the Federal Deposit Insurance Corporation, or any extension or renewals thereof, or the acceptance, release, or substitution of security therefor, or for the purpose of inducing the Federal Deposit Insurance Corporation to purchase any assets, or for the purpose of obtaining the payment of any insured deposit of transferred deposit or the allowance, approval, or payment of any claim, or for the purpose of influencing in any way the action of the Federal Deposit Insurance Corporation, makes any statement, knowing it to be false, or willfully overvalues any security, shall be fined not more than $5,000 or imprisoned not more than two years, or both. (June 25, 1948, ch. 645, § 1, 62 Stat. 750.)

LEGISLATIVE HISTORY Reviser's Note.-Based on section 264 (s) of title 12, U. S. C., 1940 ed., Banks and Banking (Dec. 23, 1913, ch. 6, $ 12B (s), as added June 16, 1933, ch. 89, § 8, 48 Stat. 177; Aug. 23, 1935, ch, 614, $ 101, 49 Stat. 700).

Words "Federal Deposit Insurance” were inserted before "Corporation" in three places, so as to identify said Corporation, and phrase "under this section" was omitted as no longer applicable, considering transfer of this section to this title.

Minor changes were made in phraseology.

8 1009. Rumors regarding Federal Savings and Loan

Insurance Corporation. Whoever willfully and knowingly makes, circulates, or transmits to another or others any statement or rumor, written, printed or by word of mouth, which is untrue in fact and is directly or by inference derogatory to the financial condition or affects the solvency or financial standing of the Federal Savings and Loan Insurance Corporation, shall be fined not more than $1,000 or imprisoned not more than one year, or both. (June 25, 1948, ch. 645, § 1, 62 Stat. 751.)

LEGISLATIVE HISTORY Reviser's Note.-Based on section 1731 (e) of title 12, U. S. C., 1940 ed., Banks and Banking (June 27, 1934, ch. 847, $ 512 (f), as added Feb. 3, 1938, ch. 13, § 10, 52 Stat. 25).

Words "or who knowingly counsels, aids, procures, or induces another to start, transmit, or circulate any such statement or rumor" were omitted as unnecessary because such persons are principals under section 2 of this title.

Words "is guilty of a misdemeanor" were omitted as unnecessary in view of definition of misdemeanor in section 1 of this title. (See also reviser's note under section 212 of this title.)

Changes were made in phraseology. § 1010. Federal Housing Administration transactions.

Whoever, for the purpose of obtaining any loan or advance of credit from any person, partnership, association, or corporation with the intent that such loan or advance of credit shall be offered to or ac

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