The Bank Commissioner under the law has general supervision over
all banking institutions in the State (other than National Banks). He
is required to visit and examine, either in person or by deputy, each
institution at least twice a year, and at such other times as he may
deem expedient; and at any time upon the request of the directors of
the institution. Whenever the capital stock of an institution is re-
duced by impairment, and such impairment is not made good as pre-
scribed by the law, or whenever it is found that an institution is being
conducted in an unsafe manner the Bank Commissioner may take pos-
session) as provided by law, and retain possession until it resumes
business or is finally liquidated.

In case of the failure of such an institution the Bank Commissioner
acts as receiver, and liquidates its assets and winds up its affairs under
the jurisdiction of the Court.

Every bank and trust company is required to submit to the Bank
Commissioner, under oath, at least five reports in each calendar year;
such reports to exhibit in detail the resources and liabilities of the in-
stitution, and show its true condition. These reports are to be pub-
lished in the local newspapers. All mutual savings institutions are re-
quired to report their condition to the Bank Commissioner on June
30th and December 31st of each year.

It is the duty of the Bank Commissioner to examine and audit each
report received from the institutions under his supervision, and when
necessary, to verify them, at the same time to correct any irregulari-
ties that may be disclosed or make any recommendations that may
seem advisable.

It is part of the duty of the Bank Commissioner to supervise the
formation of new banking institutions; to see that all requirements of
the law have been complied with, and to issue his certificate authoriz-
ing them to commence business.

It is the further duty of the Bank Commissioner to pass upon all
amendments to charters, and all consolidations and voluntary liquida-
tions. On the tenth of February in each year the Bank Commissioner
is required to make a report to the Governor, covering the operations
of his office.

STATE AUDITOR

Union Trust Building, Baltimore.

Name. Postoffice.
State Auditor:
William A. Gillespie............................... Baltimore

First Deputy Auditor:

Thomas J. Murray................................... Elkton
Second Deputy Auditor:

Daniel H. Carroll of P.............................. .Towson
The State Auditor and Deputy Auditors are appointed by the
Board of Public Works for a term of two years from the date of
qualification. (Ch. 704, 1914.) Assistants appointed by State Auditor.

The law requires this office to audit the books and accounts of all
Clerks of Courts, all Registers of Wills, and the offices of Sheriffs and
State's Attorneys when such offices are conducted upon the fee sys-
tem; the books and accounts of all collectors of State taxes, all insti-
tutions receiving appropriations from the State, the books and accounts
of the State Tobacco Warehouse, and the books and accounts of such
other State offices as may be required and directed by the Board of
Public Works. The State Comptroller also has authority to call upon
the State Auditor to investigate, check, itemize and audit any and all
claims, vouchers and statements of expenditures or disbursements pre-
sented to him by any department, board, commission or institution of
the State.