WM. PRESTON LANE, JR., GOVERNOR. 227

C. That the bank statements were examined and found to
be in agreement with the reconciliation thereof.

D. That the dates of deposits as shown on the bank state-
ments were checked with the collection sheets, show-
ing that collections have been deposited promptly.

E. That the balance of the check book on (date) plus all
out-standing checks agreed with the balance shown
on the (date) bank statement.

F. That new notes for personal loans during the period
auditied were examined and compared with the loan
accounts.

G. That new loan applications for the period audited were
found to be in good order as required by the by-laws.

H. That all loans one month or more in arrears (delin-
quent) were listed for submission to the Board of
Directors for action.

I. That share, deposit and loan accounts were found to be
posted up to date.

J. That the total of the share account balances agreed
with the balance of the SHARES ACCOUNT in the gen-
eral ledger.

K. That the total of the deposit account balances agreed
with the balance of the DEPOSITS ACCOUNT in the gen-
eral ledger.

L. That the total of the loan account balances agreed with
the balance of the LOANS ACCOUNT in the general
ledger.

M. That the record of receipts and disbursements and can-
celled checks were inspected and found to be correct.

N. That the Minutes of the Board of Directors' meetings
were found to be written up to the date of the exami-
nation.

It shall fill vacancies in the Committee until the next
regular meeting of the members. At any time by unanimous
vote the Supervisory Committee may recommend to the Board
of Directors the suspension from office of any member of the
Credit Committee, the Credit Committee, any member of the
Board of Directors or any officer elected by the Board. It
shall be the duty of the Supervisory Committee to forward to
the Bank Commissioner of Maryland a copy of all recom-
mendations, charges and findings presented to the Board of
Directors.

SEC. 2. And be it further enacted, That this Act shall take
effect June 1, 1949.

Approved March 31, 1949.