Section 54
SEC. 54. Whoever, for the purpose of obtaining any loan from the Reserve Bank, or any extension or renewal therefor, or the acceptance, release, or substitution of security therefor, or for the purpose of including the Reverse Bank to purchase any assets, or fro the purpose of obtaining the payment of any deposit or transferred deposit or the allowance, approval, or payment of any claim, or for the purpose of influencing in any way the action of the Reserve Bank, makes any statement, knowing it to be false, or willfully overvalues any security, shall be punished by a fine of not more than five thousand pesos or by imprisonment of not more than years, or both.