Yes, all bottles containing alcohol in the post-prohibition era up to about 1968 were marked with the FEDERAL LAW FORBIDS embossing. See my web page on this.
The 57 may refer to the year of manufacture, which is plausible.
The D-334 refers to the Jim Beam Distillery - for quite a period of time in the 50s and 60s, Beam marketed products in fancy containers, some resembling 19th century antique bottles, others (like yours) just purely decorative or whimsical.
This decanter contained Royal Opal Bourbon and featured black and gold foil labels. It was originally fitted with a milk glass stopper.