Sections 656 and 657 of Title 18, United States Code, differ mainly in the types of financial institutions to which they apply. 18 U.S.C. § 656 applies to Federal Reserve banks, member banks, national banks and banks the deposits of which are insured by the Federal Deposit Insurance Corporation; 18 U.S.C. § 657, insofar as it concerns the banking industry (it also concerns various governmental and quasi-governmental agencies), applies to financial institutions insured by the Federal Savings and Loan Insurance Corporation (which was statutorily abolished in 1989; now the Office of Thrift Supervision) and the National Credit Union Administration. The following applies to both statutes.
[cited in USAM 9-40.000]