§ 334. — Issuance of Federal Reserve or national bank notes.
[Laws in effect as of January 7, 2003]
[Document not affected by Public Laws enacted between
January 7, 2003 and December 19, 2003]
[CITE: 18USC334]
TITLE 18--CRIMES AND CRIMINAL PROCEDURE
PART I--CRIMES
CHAPTER 17--COINS AND CURRENCY
Sec. 334. Issuance of Federal Reserve or national bank notes
Whoever, being a Federal Reserve Agent, or an agent or employee of
such Federal Reserve Agent, or of the Board of Governors of the Federal
Reserve System, issues or puts in circulation any Federal Reserve notes,
without complying with or in violation of the provisions of law
regulating the issuance and circulation of such Federal Reserve notes;
or
Whoever, being an officer acting under the provisions of chapter 2
of Title 12, countersigns or delivers to any national banking
association, or to any other company or person, any circulating notes
contemplated by that chapter except in strict accordance with its
provisions--
Shall be fined under this title or imprisoned not more than five
years, or both.
(June 25, 1948, ch. 645, 62 Stat. 700; Pub. L. 103-322, title XXXIII,
Sec. 330016(1)(K), Sept. 13, 1994, 108 Stat. 2147.)
Historical and Revision Notes
Based on sections 581 and 592 of title 12, U.S.C., 1940 ed., Banks
and Banking (R.S. Secs. 5187, 5209; Sept. 26, 1918, ch. 177, Sec. 7, 40
Stat. 972; Aug. 23, 1935, ch. 614, Sec. 316, 49 Stat. 712).
This section consolidates section 581 and part of section 592 of
title 12, U.S.C., 1940 ed., Banks and Banking.
The punishment provision was drawn from said section 592 as being
the latest expression of congressional intent, in preference to the
provision of said section 581 which authorized a fine ``not more than
double the amount so countersigned and delivered and imprisonment not
more than 15 years''.
The words ``shall be guilty of a misdemeanor'' were omitted as
unnecessary in view of definition of misdemeanor in section 1 of this
title.
Likewise the words ``upon conviction in any district court of the
United States'' were omitted as unnecessary since punishment can follow
only after conviction.
(See reviser's note under section 656 of this title for statement of
reasons for dividing said section 592 into three revised sections, with
consequent changes in phraseology, style, and arrangement.)
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 324.
