Show ORDERS MORE RiGID BANK EXAMINATIONS Important Ruling Laid Down by Comptroller Murray in Address Address Ad Address Ad- Ad dress to Examiners New Ne York ork Sept U A 21 A ruling of Er great Ert t Interest to country banks was laid down dOn today by Lawrence O. O Murray Murra comptroller of ot the currency In an address address ad ad- dress delivered here to a 0 gathering of national bank examiners On Ott and after October 1 he said Bald he hc desired that at atthe atthe atthe the examination lon of all country countr banks th tho board of ot directors shall be convened convened con con- and arid the examination of assets made mide In their pr presence Tho comptroller cautioned the tho examiners ex ex- to Inquire very carefully Into any undue concentration of tho the loans of a n. bank in companies controlled by tho the banks bank's officers or directors I I hI speak now he ho continued of any bank where such a concentration would ruin rutn the bank 1 If tho the loans are bad U Whenever you OU come across a case where whore the directors or officers are arc unduly concentrating the funds of a a. bank In Incorporations Incorporations incorporations corporations controlled by themselves and anel where you ou have no information on which to base basc an opinion as to whether the loans loans' are good or bad it seems Beems tome tome to tome me you are aro clearly entitled to one ono of or three things First that the books of at th the cor corporations bo be voluntarily opened to you ou or or second that the directors give Ive you a full tun statement st. In detail of ot tho the business concerns or or third that a copy COP copy be given you OU of or a a. report on the company or corporation made b by an In Independent In- In dependent auditor Mr Murray complimented the examiners examiners ex ex- ex- ex for their work worle but added that wo must Improve it materially He said he considered the country ex examIner examiner ex- ex often overworked and underpaid underpaid under under- paid but nevertheless he hc Insisted that the time given to examining country banks bo m materially t lengthened |