Section 139
SEC. 139. Transfer of authority, powers, and functions of the Bank Commissioner and the Bureau of Banking to the Central Bank.—All authority now vested in the Bank Commissioner and the Bureau of Banking with respect to the establishment, operation or liquidation of banking and credit institutions, and branches or agencies thereof, and all other powers, duties and functions vested in the Bureau, Ranking and the Bank Commissioner which by the protons of this Act shall be exercised by the Bank, are hereby transferred to the Central Bank.