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.