§ 214. — Offer for procurement of Federal Reserve bank loan and discount of commercial paper.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 18USC214]
TITLE 18--CRIMES AND CRIMINAL PROCEDURE
PART I--CRIMES
CHAPTER 11--BRIBERY, GRAFT, AND CONFLICTS OF INTEREST
Sec. 214. Offer for procurement of Federal Reserve bank loan and
discount of commercial paper
Whoever stipulates for or gives or receives, or consents or agrees
to give or receive, any fee, commission, bonus, or thing of value for
procuring or endeavoring to procure from any Federal Reserve bank any
advance, loan, or extension of credit or discount or purchase of any
obligation or commitment with respect thereto, either directly from such
Federal Reserve bank or indirectly through any financing institution,
unless such fee, commission, bonus, or thing of value and all material
facts with respect to the arrangement or understanding therefor shall be
disclosed in writing in the application or request for such advance,
loan, extension of credit, discount, purchase, or commitment, shall be
fined under this title or imprisoned not more than one year, or both.
(June 25, 1948, ch. 645, 62 Stat. 695, Sec. 214, formerly Sec. 219;
renumbered Sec. 214, Pub. L. 87-849, Sec. 1(d), Oct. 23, 1962, 76 Stat.
1125; Pub. L. 103-322, title XXXIII, Sec. 330016(1)(K), Sept. 13, 1994,
108 Stat. 2147.)
Historical and Revision Notes
Based on section 599 of title 12, U.S.C., 1940 ed., Banks and
Banking (Dec. 23, 1913, ch. 6, Sec. 22(k), as added by act June 19,
1934, ch. 653, Sec. 3, 48 Stat. 1108).
Final sentence of said section 599, imposing civil liability on
violators, was omitted as unnecessary, being merely a declaration of
that rule of common law which in the absence of statute fixes civil
liability on the wrongdoer.
Minor changes were made in phraseology.
Prior Provisions
A prior section 214 of this title was renumbered section 210.
Amendments
1994--Pub. L. 103-322 substituted ``fined under this title'' for
``fined not more than $5,000''.
Section Referred to in Other Sections
This section is referred to in title 12 section 503.
