Section 16
SEC. 16. Section twenty-five of the same Act is hereby amended to read as follows: "SEC. 25. Creation of the appropriate departments. — In order to assure the observance of this Act and of other pertinent laws, and of the rules and regulations of the Monetary Board, the Central Bank shall have appropriate supervising and examining departments which shall be charged with the supervision and periodic examination of specific categories of banking institutions operating in the Philippines, including all government credit institutions. The supervising and examining departments shall discharge their responsibilities in accordance with the instructions of the Monetary Board. The supervising and examining departments shall be directly supervised and coordinated by the Deputy-Governor for Supervision. "The department heads and the examiners of the supervising and examining departments are hereby authorized to administer oaths to any director, officer, or employee of any institution under their respective supervision and to compel the presentation of all books, documents, papers or records necessary in their judgment to ascertain the facts relative to the true condition of any institution."