(a) Whoever knowingly executes,
or attempts to execute, a scheme or artifice—
(1) to defraud a financial institution;
or
(2) to obtain any
of the moneys, funds, credits, assets, securities, or other property
owned by, or under the custody or control of, a financial institution,
by means of false or fraudulent pretenses, representations, or promises;
shall be fined not more than $1,000,000
or imprisoned not more than 30 years, or both.
(b) As used in this section, the term “federally chartered or insured
financial institution” means—
(1) a bank with deposits insured by the
Federal Deposit Insurance Corporation;
(2) an institution with accounts insured
by the Federal Savings and Loan Insurance Corporation;
(3) a credit union with accounts
insured by the National Credit Union Administration Board;
(4) a Federal home loan bank
or a member, as defined in section 2 of the Federal Home Loan Bank
Act (12 U.S.C. 1422), of the Federal home loan bank system; or
(5) a bank, banking association,
land bank, intermediate credit bank, bank for cooperatives, production
credit association, land bank association, mortgage association, trust
company, savings bank, or other banking or financial institution organized
or operating under the laws of the United States.
[18 USC 1344. As added
by act of Oct. 12, 1984 (98 Stat. 2147) and amended by acts of Aug.
9, 1989 (103 Stat. 500) and Nov. 29, 1990 (104 Stat. 4861).]
