paid the same fees and mileage that are paid witnesses in the courts of the United States, and witnesses whose depositions are taken and the persons taking the same shall severally be entitled to the same fees as are paid for like services in the courts of the United States. Any person who shall willfully neglect or refuse to attend and testify or to appear and depose, or to answer any lawful inquiry, or to submit to the Board or to any of its authorized agents for the purpose of inspection and taking copies, any documentary evidence in his possession or within his control or to produce documentary evidence, if in his power to do so, in obedience to the subpena or lawful requirement of the Board, a member thereof, or a trial examiner thereof, shall be guilty of an offense and upon conviction thereof by a court of competent jurisdiction shall be punishable by a fine of not more than $5,000 or by imprisonment for not more than one year, or both.

"(d) Whenever, in the opinion of the Board, any Federal savings and loan association, any Federal home-loan bank, or any other institution as to which the Board, under this or any other Act or otherwise, may now or hereafter have any power to appoint a conservator or receiver, (1) is conducting its business in an unlawful, unauthorized, or unsafe manner; (2) is in an unsound or unsafe condition, or has a management which is unsafe or unfit, or has a person or persons in a position or situation of dominance or control, or exercising dominance or control, who is or are an unsafe or improper person or persons to be in such position or situation or to exercise such dominance or control; (3) cannot with safety and expedience continue in business; (4) is impaired in that its assets do not have an aggregate value (in the judgment of the Board) at least equal to the aggregate amount of its liabilities to it creditors, members, and all other persons; (5) is in imminent danger of becoming impaired; (6) is pursuing a course that is jeopardizing or injurious to the interests of its members, creditors, or the public; (7) has suspended payment of its obligations; (8) has refused to submit its books, papers, records, or affairs for inspection to any examiner appointed by the Board; (9) has refused by the refusal of any of its officers, directors, or employees to be examined upon oath by the Board or its representative concerning its affairs; or (10) has failed or refused to observe a lawful order of the Board, the Board may appoint a conservator or receiver for such Federal savings and loan association, Federal home-loan bank, or other institution, and no complaint, notice, or hearing shall be necessary to such appointment. If such appointment is made without following the procedure hereinafter in this sentence provided, and if, within twenty days after such appointment, the institution or any interested person shall serve a written demand upon the Board therefor, the Board shall issue and serve a complaint and a notice of hearing upon the institution and shall conduct a hearing, at which time and place the institution or other intervening party may appear and show cause why an order should be entered by the Board discharging the conservator or receiver: Provided, however, That this sentence shall not be applicable where the institution is a Federal home-loan bank. Any conservator or receiver appointed hereunder shall have all the rights, titles, powers, privileges, and duties of a conservator or receiver of a Federal savings and loan association under section 5 of the Home Owners' Loan Act of 1933, as now or hereafter amended, and rules and regulations, as now or hereafter amended, made pursuant thereto: Provided, however, That the Board shall have power to make orders, rules, and regulations of general, limited, or special applicability, modifying, abrogating, restricting, or enlarging the rights, titles, powers, privileges, and duties herein otherwise provided for, or providing other rights, titles, powers, privileges, and duties, all or any one or more of which may be in addition to or in substitution for all or any one or more of the rights, titles, powers, privileges, and duties herein otherwise provided for. The provisions of this subsection (except the second sentence thereof) are, even as to the matters specifically dealt with in this subsection, cumulative and additional to, and not in limitation or derogation of, the powers now or hereafter otherwise vested in the Board, including without limitation those vested in it under section 26 of this Act and under subsection (d) of section 5 of the Home Owners' Loan Act of 1933, both as now or hereafter amended, but in no case shall the appointment of a conservator or receiver be mandatory by reason of any of the provisions mentioned in this sentence or any of the provisions of this subsection, or otherwise, nor shall any conservator, receiver, custodian, liquidator, or person having any of the powers of any of the same, be appointed by any court or otherwise than by the Board.

"(e) Complaints, notices of hearings, subpenas, and other process of the Board may be served by anyone duly authorized (a) by the Board, or (b) by the member thereof or trial examiner by whom such process is issued, and service

thereof may be either (1) by delivering a copy thereof to the person to be served, or to a member of the partnership to be served, or to the president, secretary, or any other executive officer or a director of the association or corporation to be served or to the duly authorized attorney of such person, partnership, association, or corporation; or (2) by leaving a copy thereof at the residence or the principal office or place of business of such person, partnership, association, corporation or attorney, with a person of suitable age and discretion; or (3) by registering and mailing a copy thereof addressed to the last-known address of such person, partnership, association, corporation, or attorney at his or its residence or principal office or place of business. Service by registered mail shall be complete upon mailing. The verified return by the person so serving such complaint, notice of hearing, subpena, or other process setting forth the manner of said service shall be proof of the same, and the return post-office receipt for such complaint, notice of hearing, subpena, or other process registered and mailed as aforesaid shall be proof of the service of the same.

"(f) The Board is hereby authorized in its discretion to make and enforce orders rules, and regulations with regard to process, pleading, practice, and procedure in hearings and investigations within the purview of this section. Without any

limitation on the generality of the foregoing, it is hereby provided that such orders, rules, and regulations may provide for and regulate the total or partial consolidation of any proceeding or proceedings within the purview of this section, as now or hereafter amended, with any other such proceeding or proceedings and/or with any proceeding or proceedings within the purview of section 408 of the National Housing Act, as now or hereafter amended, including, without any limitation on the generality of the foregoing, (1) the grounds therefor, (2) process, pleading, practice, and procedure therein, and (3) the effect thereof. If a proceeding or proceedings within the purview of said section 408 shall be involved, the Board, any member thereof, or any trial examiner thereof shall, subject to such orders, rules, and regulations, have in and about the totally or partially consolidated proceeding or proceedings all the powers of (including all powers to issue process), and for the purposes of such proceeding or proceedings shall, subject as aforesaid, be deemed to be acting also as, the board of trustees of the Federal Savings and Loan Insurance Corporation, a member of such board of trustees, or a trial examiner of such board of trustees, respectively, and said board of trustees, any member thereof, or any trial examiner thereof, shall, subject to such orders, rules, and regulations, have in and about such proceeding or proceedings all the powers of (including all powers to issue process), and for the purposes of such proceeding or proceedings shall, subject as aforesaid, be deemed to be acting also as, the Board, a member thereof, or a trial examiner thereof, respectively."

(b) Title IV of the National Housing Act, as amended, is hereby amended by adding after section 407 thereof the following new section:

"SEC. 408. (a) For the enforcement of the rights and powers now or hereafter vested in the Corporation or in its board of trustees under this or any other Act, as now or hereafter amended, or under any agreement or stipulation entered into with the Corporation, including any agreement made pursuant to section 403 of this title, as now or hereafter amended, or otherwise vested in the Corporation or in its board of trustees, and for the enforcement of any order, rule, or regulation of the Corporation or of its board of trustees, said board of trustees shall have power to issue complaints, notices of hearings, and other process. The failure of a respondent to appear at any hearing at the time and place fixed therefor shall be deemed to be a waiver of the hearing and to authorize the board of trustees without further hearing or notice to issue its order upon the complaint. For the purpose of any hearings and investigations which, in the opinion of the board of trustees, are necessary or proper for the exercise or enforcement of any of such rights, powers, orders, rules, and regulations, the board of trustees, any member thereof, or its duly authorized agents, shall at all reasonable times for the purpose of examination have access to and the right to copy any documentary evidence of any institution, whether incorporated or unincorporated, being investigated or proceeded against that relates to any matter under investigation or in question. Any member of the board of trustees or any trial examiner shall have power to issue subpenas requiring the attendance and testimony of witnesses and parties and the production of any documentary evidence that relates to any matter under investigation or in question, at any hearing or investigation before the board of trustees, any member thereof, or its trial examiner conducting the same. The board of trustees shall, at the reasonable request of any party to a hearing, cause a subpena to issue requiring the attendance and testimony of one or more witnesses and the production of any documentary evidence that relates to any matter under investigation or in question at such hearing, provided the party or parties request

ing such subpenas shall deposit with the board of trustees a sum which in the opinion of the board of trustees is reasonably sufficient to pay the fees and mileage and other costs resulting from the issuance of such subpenas. Any member of the board of trustees, or any trial examiner designated by the board of trustees, may administer oaths and affirmations, examine witnesses, and receive evidence at any hearing or investigation. Such attendance of witnesses and the production of such documentary evidence may be required from any place in the United States at any designated place. Testimony in any such hearing on a complaint, if taken before a trial examiner, shall be taken within the area of territorial jurisdiction of the district court of the United States within which at least one respondent resides or has its principal office, unless at least one respondent requests that testimony be taken (1) at the offices of the board of trustees in Washington, District of Columbia, or (2) elsewhere, in which event the board of trustees may grant any such request. The board of trustees may order testimony to be taken by deposition at any place in any proceeding or investigation. Any party to such proceeding may procure testimony by deposition of any person at any place by application to the board of trustees. Any such depositions may be taken before any person designated by the board of trustees and such person shall have the power to administer oaths and affirmations. Such testimony shall be reduced to writing by the person taking the deposition, or under his direction, and shall then be subscribed by the deponent. Any person may be compelled to appear and depose and to produce documentary evidence in the same manner that witnesses may be compelled to appear and testify and produce documentary evidence. Upon the application of the Attorney General of the United States, at the request of the board of trustees, the district courts of the United States shall have jurisdiction to issue orders commanding any person to comply with the provisions of this title, as now or hereafter amended, or any order of the Corporation or of the board of trustees, or any agreement entered into with the Corporation or its board of trustees pursuant to section 403 of this title, as now or hereafter amended, or otherwise, or any stipulation entered into with the Corporation or its board of trustees. In case of contumacy or refusal to obey a subpena or other process issued to any person, any district court of the United States or the United States courts of any Territory or possession, or the District Court of the United States for the District of Columbia, within the jurisdiction of which the inquiry is carried on or within the jurisdiction of which said person guilty of contumacy or refusal to obey is found or resides or transacts business, upon the application of the Attorney General of the United States, at the request of the board of trustees, shall have jurisdiction to issue to such person an order requiring such person to appear before the board of trustees, any member thereof, or any trial examiner thereof, there to produce documentary evidence if so ordered, or there to give testimony touching the matter under investigation or in question, or other wise requiring such person to obey the requirement of such subpena or other process; and any failure to obey such order of the court may be punished by said court as a contempt thereof. No person shall be excused from attending and testifying or from producing books, records, correspondence, documents, or other evidence in obedience to any such subpena, on the ground that the testimony or evidence required of him may tend to incriminate him or subject him to a penalty or forfeiture; but no natural person shall be prosecuted or subjected to any penalty or forfeiture for or on account of any transaction, matter, or thing concerning which he is compelled, after having claimed his privilege against selfincrimination, to testify or produce evidence, except that such person so testifying shall not be exempt from prosecution and punishment for perjury committed in so testifying. Witnesses summoned at any hearing before the board of trustees, any member thereof, or any trial examiner, shall be paid the same fees and mileage that are paid witnesses in the courts of the United States, and witnesses whose depositions are taken and the persons taking the same shall severally be entitled to the same fees as are paid for like services in the courts of the United States. Any person who shall willfully neglect or refuse to attend and testify or to appear and depose, or to answer any lawful inquiry, or to submit to the board of trustees or to any of its authorized agents for the purpose of inspection and taking copies, any documentary evidence in his possession or within his control or to produce documentary evidence, if in his power to do so, in obedience to the subpena or lawful requirement of the board of trustees, a member thereof, or a trial examiner thereof, shall be guilty of an offense and upon conviction thereof by a court of competent jurisdiction shall be punishable by a fine of not more than $5,000 or by imprisonment for not more than one year, or both.

"(b) Complaints, notices of hearings, subpenas, and other process of the board of trustees may be served by anyone duly authorized (a) by the board of trustees

or (b) by the member thereof or trial examiner by whom such process is issued, and service thereof may be either (1) by delivering a copy thereof to the person to be served, or to a member of the partnership to be served, or to the president, secretary, or any other executive officer or a director of the association or corporation to be served or to the duly authorized attorney of such person, partnership, association, or corporation; or (2) by leaving a copy thereof at the residence or the principal office or place of business of such person, partnership, association, corporation, or attorney, with a person of suitable age and discretion; or (3) by registering and mailing a copy thereof addressed to the last-known address of such person, partnership, association, corporation, or attorney at his or its residence or principal office or place of business. Service by registered mail shall be complete upon mailing. The verified return by the person so serving such complaint, notice of hearing, subpena, or other process setting forth the manner of said service shall be proof of the same, and the return post-office receipt for such complaint, notice of hearing, subpena, or other process registered and mailed as aforesaid shall be proof of the service of the same.

"(c) The board of trustees is hereby authorized in its discretion to make and enforce orders, rules, and regulations with regard to process, pleading, practice, and procedure in hearings and investigations within the purview of this section. Without any limitation on the generality of the foregoing, it is hereby provided that such orders, rules, and regulations may provide for and regulate the total or partial consolidation of any proceeding or proceedings within the purview of this section, as now or hereafter amended, with any other such proceeding or proceedings and/or with any proceeding or proceedings within the purview of section 17 of the Federal Home Loan Bank Act, as now or hereafter amended, including, without any limitation on the generality of the foregoing, (1) the grounds therefor, (2) process, pleading, practice, and procedure therein, and (3) the effect thereof. If a proceeding or proceedings within the purview of section 17 of the Federal Home Loan Bank Act, as now or hereafter amended, shall be involved, said board of trustees, any member thereof, or any trial examiner thereof shall, subject to such orders, rules, and regulations, have in and about the totally or partially - consolidated proceeding or proceedings all the powers of (including all powers to issue process), and for the purposes of such proceeding or proceedings shall, subject as aforesaid, be deemed to be acting also as, the Federal Home Loan Bank Board, a member thereof, or a trial examiner thereof, respectively, and the Federal Home Loan Land Bank, any member thereof, or any trial examiner thereof, shall, subject to such orders, rules, and regulations, have in and about such proceeding or proceedings all the powers of (including all powers to issue process), and for the purpose of such proceeding or proceedings, shall, subject as aforesaid, be deemed to be acting also as, the board of trustees of the Corporation, a member of said board of trustees, or a trial examiner of said board of trustees, respectively."

SEC. 5. (a) Section 20 of the Federal Home Loan Bank Act, as amended, is amended by inserting at the beginning thereof the letter "a" in parentheses, by striking the word "twice" where it appears in the first sentence, and by adding at the end of such section the following additional sentence: "Such examiners shall not use their powers, privileges, or position, directly or indirectly, for personal advantage."

(b) Section 20 of the Federal Home Loan Bank Act, as amended, is further amended by adding the following new subsection:

"(b)_The_Board shall have power to require each member of each Federal Home Loan Bank to make an annual report of its affairs to the Board as of the end of each calendar year, or as of such other date as the Board may permit, upon forms prescribed by the Board and to require such additional information as the Board by resolution may request. The Board shall have power to examine, audit, and supervise (1) Federally or State-chartered institutions insured under title IV of the National Housing Act; and each such insured institution, by accepting the benefits of such insurance, agrees to permit and pay for such examinations, audits, and supervision by the Board; (2) members of the Federal homeloan banks, if such members are not subject to State examination and supervision or if, in the judgment of the Board, State examination and supervision is inadequate for the protection of such banks, other members, and the public; and each such member, by the acceptance of the benefits of membership in a Federal homeloan bank, agrees to permit and pay for such examinations, audits, and supervision: Provided, however, That in the case of an institution other than an institution chartered under section 5 of the Home Owners' Loan Act of 1933, as amended, the Board's supervision shall be only such as, in the judgment of the Board, is necessary to carry out the purposes of the provisions of said title IV, if the insti

tution is insured under said title, or to carry out the purposes of the provisions of this Act, if the institution is a member of a Federal home-loan bank.'

(c) The third sentence of section 8 of the Federal Home Loan Bank Act, as amended, is hereby repealed.

SEC. 6. Section 21 of the Federal Home Loan Bank Act, as amended, is amended to read as follows:

"(a) Whoever makes any statement, knowing it to be false, or whoever willfully overvalues any security, for the purpose of influencing in any way the action of a Federal home-loan bank or the Board, a member of a Federal home-loan bank, or the Federal Savings and Loan Insurance Corporation upon any application, advance, discount, purchase, or repurchase agreement, or loan, or any extension thereof by renewal, deferment, or action or otherwise, or the acceptance, release, or substitution of security therefor, shall be punished by a fine of not more than $5,000 or by imprisonment for not more than two years, or both.

"(b) Whoever (1) falsely makes, forges, or counterfeits any note, debenture, bond, or other obligation, or coupon, or share account, in imitation of or purporting to be a note, debenture, bond, or other obligation, or coupon, or share account issued by the Board, a Federal home-loan bank, a member of a Federal home-loan bank, or the Federal Savings and Loan Insurance Corporation; or (2) passes, utters, or publishes, or attempts to pass, utter, or publish, any false, forged, or counterfeited note, debenture, bond, or other obligation, or coupon, or share account, purporting to have been issued by the Board, a Federal homeloan bank, a member of a Federal home-loan bank, or the Federal Savings and Loan Insurance Corporation, knowing the same to be false, forged, or counterfeited; or (3) falsely alters any note, debenture, bond, or other obligation, or coupon, or share account, issued or purporting to have been issued by the Board, a Federal home-loan bank, a member of a Federal home-loan bank, or the Federal Savings and Loan Insurance Corporation; or (4) passes, utters, or publishes, or attempts to pass, utter, or publish, as true any falsely altered or spurious note debenture, bond, or other obligation, or coupon, or share account, issued or purporting to have been issued by the Board, a Federal home-loan bank, a member of a Federal home-loan bank, or the Federal Savings and Loan Insurance Corporation, knowing the same to be falsely altered or spurious, shall be punished by a fine of not more than $10,000 or by imprisonment for not more than five years or both.

"(c) Whoever, being connected in any capacity with the Board or a Federal home-loan bank, a member of a Federal home-loan bank, or the Federal Savings and Loan Insurance Corporation, (1) embezzles, abstracts, purloins, or willfully misapplies any money, funds, securities, or other things of value, whether belonging to or pledged or otherwise entrusted to said Board, a Federal home-loan bank, a member of a Federal home-loan bank, or the Federal Savings and Loan Insurance Corporation; or (2) with intent to defraud the Board, a Federal home-loan bank, a member of a Federal home-loan bank, or the Federal Savings and Loan Insurance Corporation, or any other body politic or corporate, or any individual, or to deceive any officer, auditor, or examiners of the Board or a Federal home-loan bank, a member of a Federal home-loan bank or the Federal Savings and Loan Insurance Corporation, makes any false entry in any book, report, or statement of or to the Board, a Federal home-loan bank, a member of a Federal home-loan bank, or the Federal Savings and Loan Insurance Corporation, or, without being duly authorized, draws any order or issues, puts forth, or assigns any note, debenture, bond, or other obligation, or draft, mortgage, judgment, or decree thereof, shall be punished by a fine of not more than $10,000 or by imprisonment for not more than five years, or both.

"(d) It shall be unlawful for any individual, firm, partnership, association, or corporation (1) which is not such an institution to use the words 'Federal Home Loan Bank', 'Federal Savings and Loan Association', or 'Federal Savings and Loan Insurance Corporation', or a combination of the word 'Federal' with any of such words, as a name or a part of a name under which he or it shall do business (except in the case of a name under which business is being done at the time of the enactment of this Act); (2) which is not such an institution to advertise or represent in any way that he or it is a Federal home-loan bank, a Federal savings and loan association, or Federal Savings and Loan Insurance Corporation, or to publish or display any sign, symbol, or advertisement reasonably calculated to convey the impression that he or it is a Federal home-loan bank, a Federal savings and loan association, or Federal Savings and Loan Insurance Corporation; or (3) which is not a member of a Federal home-loan bank to advertise or represent in any way that he or it is such a member, or to publish or display any sign, symbol,