BANKS AND TRUST COMPANIES 397

Commissioner pursuant to the provisions of laws the purpose of which,
as aforesaid, is the protection of borrowers or the punishment of usurious
money lenders. All persons employed by the Administrator of Loans as
aforesaid shall devote their entire time to the duties of their respective
positions.

An. Code, 1924, sec. 3. 1912, sec. 3. 1910, ch. 219, sec. 3 (p. 8).

4. The Bank Commissioner shall devise a seal for the use of his office,
which shall continue the seal of said department. A description of the seal,
with an impression thereof, shall be filed with the Secretary of State.

An. Code, 1924, sec. 4. 1912, sec. 4. 1910, ch. 219, sec. 4 (p. 8). 1933, ch. 530.

5. No Bank Commissioner, Deputy Bank Commissioner, Examiner,
or Clerk employed by the Bank Commissioner, shall own any stock of
any bank or trust company, or other corporation subject to examination
and supervision by the Bank Commissioner's Office.

An. Code, 1924, sec. 5. 1912, sec. 6. 1910, ch. 219, sec. 6 (p. 8). 1914, ch. 805, sec. 6.

6. In case of a vacancy in the office of the Bank Commissioner from
any cause, or during the disability or absence of that officer, the Deputy
Commissioner shall perform the duties of that office until his successor is
duly appointed and qualified, or until the removal of such disability or the
absence of the Commissioner.

An. Code. 1924, sec. 6. 1912, sec. 7. 1910, ch. 219, sec. 7 (p. 8). 1912, ch. 194, sec. 7.
1918, ch. 33, sec. 7. 1920, ch. 268, sec. 7.

7. The Commissioner, Deputy Commissioner, or an Examiner ap-
pointed by the Commissioner shall at least twice in each year, and whenever
he considers it expedient, visit each banking institution in this State, other
than National Banks. At such visits he shall in the presence of one of the
officers of the institution, have free access to the vaults, books and papers,
and he shall inspect and examine the affairs of the institution, to ascertain
its condition and see whether it. complies with the provisions of law.

This section referred to in construing sec. 12. Public Indemnity Co. v. Page, 161
Md. 239.

Cited but not construed in State v. Page, 163 Md. 512; Ghingher v. Pearson, 165
Md. 294.

An. Code, 1924, sec. 6A. 1935, ch. 514.

8. The Bank Commissioner is authorized to accept in his discretion
in lieu of any examination authorized by the laws of this state to be con-
ducted by his department of a banking institution the examination that
may have been made of same within a reasonable period by the Federal
Deposit Insurance Corporation provided a copy of said examination is
furnished to said Bank Commissioner. Said Bank Commissioner may,
also, in his discretion accept any report relative to the condition of a
banking institution which may have been obtained by said Corporation
within a reasonable period, in lieu of a report authorized by the laws of
this State to be required of such institution by his department, provided a
copy of such report is furnished to said Bank Commissioner.

Said Bank Commissioner may furnish to said Corporation, or to any
official or examiner thereof, a copy or copies of any or all examinations
made of any such banking institutions and of any or all reports made by
same and shall give to said Corporation or any official or examiner thereof