ployee of a Federal intermediate credit bank who "Farm Credit Administration" mentioned in the text was sub- Penalty provisions applicable to Federal intermediate credit banks, see § 1138d of this title. § 1122 § 1123 False statements to banks. Whoever makes § 211(b) any statement, knowing it to be false, for the purpose of obtaining for himself or for any other person, firm, corporation, or association any advance, or extension or renewal of an advance, or any release or substitution of security from such bank, or for the purpose of influencing in any other way the action of such bank, shall be punished by a fine of not more than $10,000, or by imprisonment for not more than five years, or both. (July 17, 1916, c. 245, 211 (b); Mar. 4, 1923, c. 252, § 2, 42 Stat. 1459.) Overvaluation of property offered as security § 211 (c) for loan. Whoever willfully overvalues any property offered as security for any such advance shall be punished by a fine of not more than $5,000, or by imprisonment for not more than two years, or both. (July 17, 1916, c. 245, § 211 (c); Mar. 4, Offenses by examiners.-Any examiner ap- § 211(d) pointed under this subchapter or subchapter I hereof who shall accept a loan or gratuity from any organization examined by him, or from any person connected with any such organization in any capacity, or who shall disclose the names of borrowers to other than the proper officers of such organization, without first having obtained express permission in writing from the Land Bank Commissioner or from the board of directors of such organization, except when ordered to do so by a court of competent jurisdiction or by direction of the Congress of the United States or of either House thereof, or any committee of Congress or of either House duly authorized, shall be punished by a fine of not exceeding $5,000 or by imprisonment of not exceeding one year, or both, and may be fined a further sum equal to the money so loaned or gratuity given, and shall forever thereafter be disqualified from holding office as an examiner under the provisions of this subchapter and subchapter I hereof. No examiner while holding such office shall perform any other service for compensation for any bank or banking or loan association or for any person connected therewith in any capacity. (July 17, 1916, c. 245, § 211 (d); Mar. 4, 1923, c. 252, § 2, 42 Stat. 1459; June 16, 1933, c. 98, § 80 (a), 48 Stat. 273.) Offenses by officers, employees, or agents of § 211(e) banks; receiving fees or gifts. Whoever, being an_officer, director, employee, agent, or attorney of a Federal intermediate credit bank, stipulates for or receives or consents or agrees to receive any fee, commission, gift, or thing of value, from any person, firm, or corporation for procuring or endeavoring to procure for such person, firm, or corporation, or for any other person, firm, or corporation any loan from any such corporation or extension or renewal of loan or substitution of security, or the purchase or discount or acceptance of any paper, note, draft, check, or bill of exchange by any such corporation, shall be deemed guilty of a misdemeanor and shall upon conviction thereof be imprisoned for not more than one year and fined not more than $5,000, or both. (July 17, 1916, c. 245, § 211 (e); Mar. 4, 1923, c. 252, § 2, 42 Stat. 1459.) § 1126 § 1127 § 1128 Forgery, counterfeiting, and like offenses re- § 211(f) lating to obligations of banks.-Any person who shall falsely make, forge, or counterfeit or cause or procure to be falsely made, forged, or counterfeited or willingly aid or assist in falsely making, forging, or counterfeiting any debenture, coupon, or other obligation in imitation of or purporting to be in imitation of the debenture, coupon, or other obligation issued by any Federal intermediate credit bank, or any person who shall pass, utter, or publish or attempt to pass, utter, or publish any false, forged, or counterfeited debenture, coupon, or other obligation purporting to be issued by any such bank knowing the same to be falsely made, forged, or counterfeited, or any person who shall falsely alter or cause or procure to be falsely altered or shall willingly aid or assist in falsely altering any such debenture, coupon, or other obligation or who shall pass, utter, or publish as true any falsely altered or spurious debenture, coupon, or other obligation issued or purporting to have been issued by any such bank knowing the same to be falsely altered or spurious, shall be punished by a fine of not exceeding $5,000 or by imprisonment not to exceed five years, or both. (July 17, 1916, c. 245, § 211 (f); Mar. 4, 1923, c. 252, § 2, 42 Stat. 1459.) False representations as to debentures or § 211(g) other obligations of banks.-Any person who shall deceive, defraud, or impose upon or who shall attempt to deceive, defraud, or impose upon any person, partnership, corporation, or association by making any false pretense or representation concerning the character, issue, security, contents, conditions, or terms of any debenture, coupon, or other obligation issued under the terms of this subchapter, shall upon conviction be fined not exceeding $500, or imprisoned not to exceed one year, or both. (July 17, 1916, c. 245, § 211 (g); Mar. 4, 1923, c. 252, § 2, 42 Stat. 1459.) Unlawful use of words "Federal intermediate § 211 (h) credit bank."-All corporations not organized under the provisions of this subchapter are prohibited from using the words "Federal intermediate credit bank" as part of their corporate name, and any violation of this prohibition shall subject the party charged therewith to a civil penalty of $50 § 1129 for each day during which the violation continues. Charging of unauthorized fees or commissions by banks. No Federal intermediate credit bank shall charge or receive any fee, commission, bonus, gift, or other consideration not herein specifically authorized. (July 17, 1916, c. 245, § 212; Mar. 4, 1923, c. 252, § 2, 42 Stat. 1461.) § 212 § 1131 § 1131a SUBCHAPTER IV.-PRODUCTION CREDIT PRODUCTION CREDIT CORPORATIONS Establishment; number; location.-The Gov- Organization of Banks for Cooperatives, see § 1134. Person convicted of felony or adjudged liable in damages for fraud ineligible to be administrative or executive official of Production Credit Corporation, see § 640i of this title. Charters and bylaws.-The charters of the Production Credit Corporations shall be granted by the governor upon application of the directors of the Federal land bank of the proper district, and *See also subchapter VI. § 1131b § 1131c applications and charters shall be in such form as the governor shall prescribe. The directors shall have power, subject to the approval of the governor, to adopt such bylaws as may be necessary for the conduct of the business of the corporations. (June 16, 1933, c. 98, § 3, 48 Stat. 257.) Charters of Banks for Cooperatives, see §1134a. Capital stock; amount; value of shares; amount and subscription for initial stock; payments for stock subscribed on behalf of United States. The capital stock of each Production Credit Corporation shall be in such amount as the governor determines is required for the purpose of meeting the credit needs of the district to be served by such corporation, and such amount may be increased or decreased from time to time by the governor in accordance with such credit needs. Such capital stock shall be divided into shares of $100 each. The initial capital stock of each such corporation shall be $7,500,000, which shall be subscribed for by the governor and held by him on behalf of the United States. Payments on subscriptions to stock by the governor shall be subject to call in whole or in part by the board of directors of the corporation with the approval of the gover The governor shall make such payments out of the revolving fund created in section 1131i of this title. The stock ownership of the United States in such corporation shall be evidenced by such means as the governor shall determine. (June 16, 1933, c. 98, § 4, 48 Stat. 257.) Purchase of stock in production credit associations; class of stock to be purchased and held; amount of stock; retirement of stock held by corporations; application of earnings on stock held by corporations-(a) Stock in associations organized under this subchapter.-Each Production Credit Corporation shall have power to invest its funds in stock of production credit associations as provided in this section. Such corporation is authorized to subscribe and pay for class A stock in each Production Credit Association located in the district served by such corporation in amounts sufficient to maintain the amount of class A stock held by it and other holders of class A stock equal, as nearly as may be, to 20 per centum of the volume of loans made or to be made by such associa |