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The items misappropriated must belong to or be entrusted to the financial institution. The funds of a wholly owned subsidiary belong to the parent bank within the meaning of 18 U.S.C. § 657. United States v. Cartwright, 632 F.2d 1290, 1292 (5th Cir. 1980). In addition, the items misappropriated must have value. See FIF Manual at 148-49.
[cited in USAM 9-40.000]