J). 21
1 W
he
ks
1ts
“ve
VS.
88-
ti-
nd
ith
1M, ;
ve
ve
un
of
ct
ir,
"08 .
al-
18t
on
\p-
ful
oy
wet
ad
y vu
ad
VS:
ral
=
ce
v:
1y
be
as
3 of
SEC. 21
FEDERAL RESERVE ACT
and may at any time direct the holding of a special
®Xamination of State banks or trust companies that are
Stockholders in any Federal reserve bank. The exam-
Ter making the examination of any national bank, or
of any other member bank, shall have power to make a
thorough examination of all the affairs of the bank, and
Dn doing so he shall have power to administer oaths
nd to examine any of the officers and agents thereof
under oath and shall make a full and detailed report of
the condition of said bank to the Comptroller of the
“urrency,
The Federal Reserve Board, upon the recommenda-
lon of the Comptroller of the Currency, shall fix the
Salaries of all bank examiners and make report thereof
0 Congress. The expense of the examinations herein
Provided for shall be assessed by the Comptroller of the
vurrency upon the banks examined in proportion to
i8sets or resources held by the banks upon the dates of
*Xamination of the various banks.
In addition to the examinations made and conducted
oy the Comptroller of the Currency, every Federal re-
serve bank may, with the approval of the Federal reserve
gent or the Federal Reserve Board, provide for special
Sxamination of member banks within its district. The
®xpense of such examinations may, in the discretion of
the Federal Reserve Board, be assessed against the banks
xamined, and, when so assessed, shall be paid by the
banks examined. Such examinations shall be so con-
ducted as to inform the Federal reserve bank of the condi-
Hon of its member banks and of the lines of credit which
are being extended by them. Every Federal reserve
dank shall at all times furnish to the Federal Reserve
Board such information as may be demanded concerning
the condition of any member bank within the district of
the said Federal reserve bank.
No bank shall be subject to any visitatorial powers
Other than such as are authorized by law, or vested in
the courts of justice or such as shall be or shall have been
exercised or directed by Congress, or by either House
thereof or by any committee of Congress or of either
House duly authorized. :
The Federal Reserve Board shall, at least once each
year, order an examination of each Federal reserve
bank, and upon joint application of ten member banks
iJ