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Show oo Made More Exacting by Comptroller of the Treasury Washington, ' Feb. 12 Comptroller Murray today ordered that hoards of directors of national banks hereafter shall meet the federal bank examiners at every examination to discuss the afialrs of the Institution, espcciallv their loans and discounts. In the largo cities where the assembling as-sembling of the directors may causo considerable inconvenience, the examiners ex-aminers hae been authorized to use their discretion in enforcing the new I order, unless some condition is found in the bank deserving criticism. Carrying out the spirit of tth'.s regulation., reg-ulation., the comptroller advised about 500 banks In various parts- of the country that their course in lecently electing as a majority of their boards directors who arc not residents of the places where tho banks are located, was 'objectionable." "The directors;' he said, "are not conveniently available for monthly , board meetings; they cannot meet to pass on all paper purchased', oi dls-counted; dls-counted; they cannot be readily con. I vened should urgent necessity ariso; -and thev cannot meet the national , bank examiner when the bank is ex-aralncd." ex-aralncd." oo- |