MARYLAND MANUAL. 15
Junior Examiner:
Arthur N. Englar, Jr. --.- - - - Baltimore
Junior Examiner:
Christopher J. Frank - .. . Baltimore
Junior Examiner:
Edgar F. Gardenhour ---- -- Baltimore
Junior Examiner:
Frank H. Hoffmaster-- - .. Baltimore
Junior Examiner:
Alton R. Middlekauff . Baltimore
Junior Examiner:
H. Sadtler Nolen . - . - - Baltimore
Junior Examiner:
Julius Scriba .- . Baltimore
Junior Examiner:
Louis G. Shipley - - Baltimore
Senior Stenographer:
Anna Mae Cooke - - - - - - Baltimore
Senior Stenographer:
Madeleine R. Duggan. - - Baltimore
Senior Stenographer:
Hazel Albrecht FitzGerald - - Baltimore
Senior Stenographer:
Angela M. O'Neill -.- - Baltimore
Senior Stenographer:
Caroline B. Remesch . .. - Baltimore
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 any banking institution (other than a
National Bank) the Bank Commissioner acts as Receiver and liquidates
its assets and winds up its affairs under the jurisdiction of the Court.
The Bank Commissioner may substitute the Deputy Bank Commis-
sioner or a Senior Examiner as Receiver of any such Banking Insti-
tution.
Every bank and trust company is required to submit to the Bank
Commissioner, under oath at least three 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 each report
received from the institutions under's supervision, and when neces-
sary, to verify them, at the same time to correct any irregularities
that may be disclosed or make any recommendations that may seem
advisable.
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