31 U.S.C. § 5153 — Counterfeit currency

Page 427 TITLE 31—MONEY AND FINANCE § 5155 The word ‘‘money’’ is substituted for ‘‘dollars’’ for consistency in the revised title. The words ‘‘the Inter- national Monetary Fund’’ are omitted as obsolete be- cause of section 9 of the Act of October 19, 1976 (Pub. L. 94–564, 90 Stat. 2661). § 5153. Counterfeit currency Disbursing officials of the United States Gov- ernment and officers of national banks shall stamp or mark the word ‘‘counterfeit’’, ‘‘al- tered’’, or ‘‘worthless’’ on counterfeit notes in- tended to circulate as currency that are pre- sented to them. An official or officer wrongfully stamping or marking an item of genuine United States currency (including a Federal reserve note or a circulating note of Federal reserve banks and national banks) shall redeem the cur- rency at face value when presented. (Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 992.) HISTORICAL AND REVISION NOTES Revised Section Source (U.S. Code) Source (Statutes at Large) 5153 ......... 31:424. June 30, 1876, ch. 156, § 5, 19 Stat. 64. The words ‘‘Disbursing officials’’ are substituted for ‘‘officers charged with the receipt or disbursement of public moneys’’ for consistency in the revised title and other titles of the United States Code. The word ‘‘mark’’ is substituted for ‘‘write in plain letters’’ to eliminate unnecessary words. The words ‘‘counterfeit notes intended to circulate as currency’’ are sub- stituted for ‘‘all fraudulent notes issued in the form of, and intended to circulate as money’’ for consistency in the revised title and with other titles of the Code. The last sentence is substituted for the words following the semicolon in 31:424 for clarity and to reflect the legisla- tive history of the derivative source. See 4 Cong. Rec. 2225–2228, 3148. In that sentence, the words ‘‘United States currency (including a Federal reserve note or a circulating note of Federal reserve banks and national banks)’’ are substituted for ‘‘any genuine note of the United States, or of the national banks’’ for consist- ency with section 5103 of the revised title. § 5154. State taxation A State or a territory or possession of the United States may tax United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) as money on hand or on deposit in the same way and at the same rate that the State, territory, or possession taxes other forms of money. This section does not affect a law tax- ing national banks. (Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 992; Pub. L. 97–452, § 1(22), Jan. 12, 1983, 96 Stat. 2477.) HISTORICAL AND REVISION NOTES 1982 ACT Revised Section Source (U.S. Code) Source (Statutes at Large) 5154 ......... 31:425, 426. Aug. 13, 1894, ch. 281, 28 Stat. 278. The words ‘‘United States coins and currency (includ- ing Federal reserve notes and circulating notes of Fed- eral reserve banks and national banks)’’ are substituted for ‘‘Circulating notes of national banking associations and United States legal tender notes and other notes and certificates of the United States payable on de- mand and circulating or intended to circulate as cur- rency and gold, silver, or other coin’’ in 31:425 to elimi- nate unnecessary words and for consistency with sec- tion 5103 of the revised title. 1983 ACT This restates 31:5154 to clarify the intent of the sec- tion. See 26 Cong. Rec. 7152, 7170 (1894). Editorial Notes AMENDMENTS 1983—Pub. L. 97–452 substituted ‘‘other forms of money’’ for ‘‘United States coins and currency circu- lating within its jurisdiction’’. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF 1983 AMENDMENT Amendment effective Sept. 13, 1982, see section 2(i) of Pub. L. 97–452, set out as a note under section 3331 of this title. § 5155. Providing engraved plates of portraits of deceased members of Congress On conditions the Secretary of the Treasury decides, the Secretary may send an engraved plate of a portrait of a deceased Senator or Rep- resentative to an heir or legal representative of such a Senator or Representative. (Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 993.) HISTORICAL AND REVISION NOTES Revised Section Source (U.S. Code) Source (Statutes at Large) 5155 ......... 31:175. July 1, 1916, ch. 209, § 1(3d par. on p. 275), 39 Stat. 275. The words ‘‘terms and’’ are omitted as being included in ‘‘conditions’’. The words ‘‘that have been or may be made’’ are omitted as unnecessary. CHAPTER 53—MONETARY TRANSACTIONS SUBCHAPTER I—CREDIT AND MONETARY EXPANSION Sec. 5301. Buying obligations of the United States Gov- ernment. 5302. Stabilizing exchange rates and arrangements. 5303. Reserved coins and currencies of foreign countries. 5304. Regulations. SUBCHAPTER II—RECORDS AND REPORTS ON MONETARY INSTRUMENTS TRANSACTIONS 5311. Declaration of purpose. 5312. Definitions and application. 5313. Reports on domestic coins and currency transactions. 5314. Records and reports on foreign financial agency transactions. 5315. Reports on foreign currency transactions. 5316. Reports on exporting and importing mone- tary instruments. 5317. Search and forfeiture of monetary instru- ments. 5318. Compliance, exemptions, and summons au- thority. 5318A. Special measures for jurisdictions, financial institutions, international transactions, or types of accounts of primary money laun- dering concern. 5319. Availability of reports. 5320. Injunctions. 5321. Civil penalties. 5322. Criminal penalties.