Section 13
Sec. 13. If the Reserve Bank has any reason to believe that a return of a member bank is incorrect in any material particular,or if any member bank fails to make a return when required to do so either by this Act or by the Reserve Bank acting under the authority of this Act, or if-for any reason it is the opinion of the Board of Governors of the Reserve Bank that for the public iinterest an examination should be made, the Board of Governors shall with the cooperation of the Bank Commissioner examine the books and accounts of that member bank. The expenses of such examinations shall be borne by the member bank examined. A member bank which fails or defaults in submitting the weekly return required by this Act,shall be administratively fined by the Board in the amount of one hundred pesos for every day during which such failure or default continues.