18 U.S.C. § 656 : US Code - Section 656: Theft, embezzlement, or misapplication by bank officer or employee

Search 18 U.S.C. § 656 : US Code - Section 656: Theft, embezzlement, or misapplication by bank officer or employee

      Whoever, being an officer, director, agent or employee of, or
    connected in any capacity with any Federal Reserve bank, member
    bank, depository institution holding company, national bank,
    insured bank, branch or agency of a foreign bank, or organization
    operating under section 25 or section 25(a) (!1) of the Federal
    Reserve Act, or a receiver of a national bank, insured bank,
    branch, agency, or organization or any agent or employee of the
    receiver, or a Federal Reserve Agent, or an agent or employee of a
    Federal Reserve Agent or of the Board of Governors of the Federal
    Reserve System, embezzles, abstracts, purloins or willfully
    misapplies any of the moneys, funds or credits of such bank,
    branch, agency, or organization or holding company or any moneys,
    funds, assets or securities intrusted to the custody or care of
    such bank, branch, agency, or organization, or holding company or
    to the custody or care of any such agent, officer, director,
    employee or receiver, shall be fined not more than $1,000,000 or
    imprisoned not more than 30 years, or both; but if the amount
    embezzled, abstracted, purloined or misapplied does not exceed
    $1,000, he shall be fined under this title or imprisoned not more
    than one year, 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 and trust company
    which has become a member of one of the Federal Reserve banks;
    "insured bank" includes any bank, banking association, trust
    company, savings bank, or other banking institution, the deposits
    of which are insured by the Federal Deposit Insurance Corporation;
    and the term "branch or agency of a foreign bank" means a branch or
    agency described in section 20(9) of this title. For purposes of
    this section, the term "depository institution holding company" has
    the meaning given such term in section 3 of the Federal Deposit
    Insurance Act.