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18 U.S.C. § 334 — Issuance of Federal Reserve or national bank notes
Federal law — U.S. Code and appendices · legal_authorities
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
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Source file: Laws/federal/codes/united-states-code/title-18/section-334-issuance-of-federal-reserve-or-national-bank-notes--3926fef2e9.md
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Source location: Title 18, Chapter 17, § 334; chapter-017-coins-and-currency.md
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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
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section, acts June 25, 1948, ch. 645, 62 Stat. 684; Oct. 30, 1984, Pub. L. 98–596, § 8, 98 Stat. 3138, classified offenses as a felony, misdemeanor, or petty offense.
#### Effective Date of Repeal
Repeal of section effective Nov. 1, 1987, and applicable only to offenses committed after the taking effect of such repeal, see section 235(a)(1) of Pub. L. 98–473, set out as an Effective Date note under [section 3551 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title18-section3551&num=0&edition=prelim).
#### Short Title of 2026 Amendment
Pub. L. 119–73, § 1, Jan. 23, 2026, 139 Stat. 2003, provided that: “This Act [enacting sections 28 and 3771A of this title, amending [section 7102 of Title 22](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section7102&num=0&edition=prelim), Foreign Relations and Intercourse, and enacting provisions set out as notes under [section 28 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title18-section28&num=0&edition=prelim) and [section 10110 of Title 34](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title34-section10110&num=0&edition=prelim), Crime Control and Law Enforcement] may be cited as the ‘Trafficking Survivors Relief Act’.”
#### Short Title of 2024 Amendment
Pub. L. 118–78, § 1, July 30, 2024, 138 Stat. 1512, provided that: “This Act [enacting [section 1352 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title18-section1352&num=0&edition=prelim) and amending [section 201 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title18-section201&num=0&edition=prelim)] may be cited as the ‘Foreign Extortion Prevention Technical Corrections Act’.”
Pub. L. 118–77, § 1, July
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Federal law — U.S. Code and appendices · legal_authorities
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) 11 See References in Text note below. 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.
Source: Supplied U.S. Code snapshot — release unconfirmed · 18 U.S.C. § 656
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section, R.S. § 5187, related to unauthorized issue of circulating notes. See [section 334 of Title 18](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title18-section334&num=0&edition=prelim), Crimes and Criminal Procedure.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 581
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Federal law — U.S. Code and appendices · legal_authorities
Page 106
TITLE 18—CRIMES AND CRIMINAL PROCEDURE
§ 334
Words ‘‘or Federal Reserve bank, or the Federal Re-
serve System’’ were inserted because the paper of such
banks has almost supplanted national bank currency.
Reference to persons causing or procuring was omit-
ted as unnecessary in view of definition of ‘‘principal’’
in section 2 of this title.
Minor changes in phraseology were made.
Editorial Notes
AMENDMENTS
1994—Pub. L. 103–322 substituted ‘‘fined under this
title’’ for ‘‘fined not more than $100’’.
§ 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 Fed-
eral Reserve System, issues or puts in circula-
tion any Federal Reserve notes, without com-
plying 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 circu-
lating notes contemplated by that chapter ex-
cept 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, § 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. §§ 5187, 5209; Sept. 26, 1918,
ch. 177, § 7, 40 Stat. 972; Aug. 23, 1935, ch. 614, § 316, 49
Stat. 712).
This section consolidates section 581 and part of sec-
tion 592 of title 12, U.S.C., 1940 ed., Banks and Banking.
The punishment provision was d
Source: Supplied 2024 U.S. Code historical extraction · 18 U.S.C. § 334
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