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The Annotated Code of the Public General Laws of Maryland, 1924
Volume 375, Page 332   View pdf image (33K)
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332 ARTICLE 11.

An. Code, sec. 36. 1910, ch. 219, sec. 35 (p. 16). 1912, ch. 194, sec. 35.

36. The treasurer of every savings institution without capital stock
shall annually within twenty days after the last of December make a report
to the Bank Commissioner showing accurately the condition thereof at the
close of business on the said last day of December. The report shall specify
the following particulars, viz: The name of institution, number of deposi-
tors, amount of deposits, amount of guarantee funds, undivided surplus and
other liabilities, if any; an itemized list of all stocks and bonds owned,
giving the par value, book value and market value of each; the amount
loaned, upon pledge of securities of whatever kind, designating each par-
ticular loan with a statement of the securities pledged therefor and the
estimated market value thereof; the amount loaned upon mortgage on real
estate, the amount of each mortgage, the location of the mortgaged premises
and the estimated value thereof; the amount invested in real estate and
ground rents, the location of each ground rent and each piece of real estate
owned and the book and estimated market value thereof; the amount of
cash on hand or on deposit with the name of each depository; amount of
deposits received during the year, amount of interest and other items re-
ceived ; amount of deposits paid out, expenses, taxes and other items paid,
and premiums and other items charged off; number of accounts opened and
closed during the year, and amount of interest credited to depositors. In
addition to this detailed report as of the last day of December, the treasurer
of every savings institution without capital stock shall annually within
twenty days after the last day of June make an abbreviated report to the
Bank Commissioner, showing accurately the condition thereof at the close
of business on the said last day of June, specifying such of the foregoing
particulars as may be prescribed by the Bank Commissioner, who shall fur-
nish the blanks for each class of report. These statements shall be certified
and sworn to by the treasurer before a notary public; and any corporate
officer making oath to false statements in such report shall be deemed guilty
of perjury, and upon conviction shall be subject to the penalties provided
by law for that offense. The president of the savings institution shall
certify as to the correctness thereof and whether in his judgment the loans
on mortgages or collateral are properly secured.

An. Code, sec. 37. 1910, ch. 219, sec. 36 (p. 17). 1912, ch. 194, sec. 36.

37. An abbreviated statement as of date the last day of December of
each institution so reporting shall be published during the month of January
in each year, in one or more newspapers in the city or county in which the
institution is located over the names of president and treasurer. This
statement shall show: Amount of deposits received during the year, amount
of interest and dividends received, amount of deposits paid out, including
interest; amount of expenses paid, amount of taxes paid, amount of pre-
miums and other charges, book value of total amount of bonds and stocks
owned, amount of loans on collateral, amount of loans on real estate mort-
gages, book value of building occupied by the institution; if any; book
value of other real estate owned; cash on hand and on deposit in banks and
trust companies, amount due depositors, amount of guarantee funds and

 

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The Annotated Code of the Public General Laws of Maryland, 1924
Volume 375, Page 332   View pdf image (33K)
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