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72d C ONGRESS . SESS. I. CH . 522. JUL 1 22,1932 . EXAMINATIONS AND REPORTS ~P Examinations and SEC. 20. The board shall from time to time, at least twice an- nuall y, req uire e xamina tions and re ports o f cond ition of all Fed- eral Home Loan Banks in such form as the board shall prescribe and shall furnish periodically statements based upon the reports su Annual report to be of the banks to the board . The board shall annually make a full report of its operations to the Speaker of the House of Representa- tives, who shall cause the same to be printed for the information of Easmlners . the Congress . For the purposes of this Act, examiners appointed by th e boar d shal l be s ubject to th e same requir ements , resp onsi- bilities, and penalties as are applicable to examiners under the Na- tional Bank Act and the Federal Reserve Act, and shall have, in the exercise of functions under this Act, the same powers and priv- ileges as are vested in such examiners by law . Unlawful acts and penalties.
UNLAWFUL ACTS, AND PENALTIES ingsecurity overvalu . SEC . 21. (a) Whoever makes any statement, knowing it to be false or whoever willfully overvalues any security, for the purpose of influencing in any way the action of a Federal Home Loan Bank or the board upon any application, advance, discount, purchase, or repurchase agreement, or loan, under this Act, or any extension thereof by renewal, deferment, or action or otherwise, or the Punishment for . acceptance, release, or substitution of security therefor, shall be punished by a fine of not more than $5,000, or by imprisonment for not more than two ears, or both . Counterfeiting, etc . (b) Whoever (1) falsely makes, forges, or counterfeits any note, debenture, bond, or other obligation, or coupon, in imitation of or purpor ting t o be a note, deben ture, bond, o r othe r obli gation , or coupon, issued by a Federal Home Loan Bank ; or (2) passes, utters, or publishes, or attempts to pass, utter, or publish any false, forged, or counterfeited note, debenture, bond, or other obligation, or coupon, purporting to have been issued by a Federal Home Loan Bank, knowing the same to be false, forg, or counterfeited ; or (3) falsely alters any n ote, d ebentu re, bo nd, or other obliga tion, or cou pon, issued or purporting to have been issued by a Federal Home Loan Bank ; or (4) passes, utters, or publishes, or attempts to pass, utter, or publish, as . true any falsely altered or spurious note 2 debenture, bond, or other obligation, or coupon, issued or purporting to have been issued by a Federal Home Loan Bank, knowing the same to be falsely altered or spurious, shall be punished by a fine of not more than $10,000, or by imprisonment for not more than five years, or both. . Embezzlement, etc . (c) Whoever, being connected in any capacity with the board or a Federal Home Loan Bank, (1) embezzles, abstracts, purloins, or willfully misapplies any moneys, .funds, securities, or other things of value, whether belonging to it .or pledged or otherwise intrusted to it ; or (2) with intent to defraud the board or any Federal Home Loan-Bank, or any other body politic or corporate, or any indi- vidual, or to deceive airy officer, auditor, or examiners of the board or a Federal Home Loan Bank, makes any false entry in any book, report, or statement of or to the board or a Federal Home Loan Bank, or without being duly auth orized, draws any order or issues, puts forth, or assigns any note, debenture, bond or other obligation or draft, mortgage, judgment, or decree therO, shall be punished by a fine of not more than $10,000, or by imprisonment for not more than five years, or both .
