This act further provides for the regulation and supervision of such
concerns by the Bank Commissioner.

The 1929 session of the General Assembly passed what is known as
the Credit Union Law. This law provides that any seven or more per-
sons, residents of this State, may apply to the Bank Commissioner for
permission to organize a Credit Union.

During the fiscal year ending February 1st, 1932, the Bank Com-
missioner made 314 examinations, of which 88 were made outside of
the parent institutions, in addition to the supervision of the small loan
companies.

STATE INSURANCE DEPARTMENT
INSURANCE COMMISSIONER,
Office, Lexington Building, Baltimore.

(Term Expires April, 1935.)

Name. Postoffice
Commissioner:

William C. Walsh Cumberland
Deputy Commissioner:

Hazelton A. Joyce, Jr. . .. Baltimore
Examiner:

John P. Albert Baltimore
Actuary :

Arthur M. Siegk Baltimore
Auditor:

Denton S. Lowe .... . . _. McDaniel
Chief Clerk
John H. Coppage . ..._- Relay
Clerks:

Alan P. Hayman Baltimore
Edward A. Perkins .. . ............... Centreville
Millard C. Stockadale Baltimore
Mrs. M. Page Beck ... . Baltimore
Wm. L. Colleran _ _ _ Baltimore
Miss Mollie Edna Bald . Baltimore
Stenographers:

Miss Ruth Sulivane ._ _ .............. Cambridge
Miss Mary Toner _ ... _. Baltimore
Adjuster:
J. Frank Kenny ..... ...._ Texas

The duties placed upon the Commissioner in the enforcement of the
insurance laws are very numerous and important, comprising the col-
lection of large sums of money, principally from taxes on premiums
and license fees, examination of the financial affairs of all companies
organized under the laws of this State, as well as all other companies
doing business in the State that the Commissioner thinks proper to
examine, and supervision of the entire business of insurance within
statutory limitations. He is charged with the duty of seeing that all
laws of this State relating to insurance or insurance companies are
faithfully executed. For that purpose he is authorized to maintain
office and to employ such assistants as may be necessary, including a
Deputy Insurance Commissioner, an Actuary, an Examiner, an Auditor,
and in addition to these such clerical assistance as he may deem neces-
sary for the proper and efficient discharge of the duties of his Depart-
ment within an appropriation as provided in the budget.