state to manage public funds and property wisely. While the State Tax Inspectorate () is headquartered in Vasario 16-osios Street and is responsible for collecting or refunding taxes in the country. At the time, 7 banks in Lithuania are holding a bank or a specialised bank licence, while 9 banks are carrying out their activities as foreign bank branches. The two largest banks registered in Lithuania (AB SEB bankas, Swedbank, AB,) are supervised directly by the European Central Bank jointly with Bank of Lithuania experts. The majority of the Lithuanian financial system consists of capital banks of the Nordic countries. Education Tertiary education On 14 October 1773, the Commission of National Education () was created by the Sejm of the Polish–Lithuanian Commonwealth and the Grand Duke Stanisław August Poniatowski, which supervised the Vilnius University, schools and was responsible for other educational matters in the Commonwealth. Because of its vast authority and autonomy, it is considered as the first Ministry of Education in European history and an important achievement of the Enlightenment in the Commonwealth. The city has many universities. The largest and oldest is Vilnius University with 24,716 students. Its main premises are in the Old Town. The university has been ranked among the top 500 universities in the world by QS World University Rankings. The university is participating in projects with UNESCO and NATO, among others. It features Masters programs in English and Russian, as well as programs delivered in cooperation with universities all over Europe. The university is divided into 14 faculties. Other major universities include Mykolas Romeris University (7,500 students), Vilnius Gediminas Technical University (9,600 students), and Lithuanian University of Educational Sciences (merged into Vytautas Magnus University in 2018). Specialized higher schools with university status include the General Jonas Žemaitis Military Academy of Lithuania, the Lithuanian Academy of Music and Theatre and the Vilnius Academy of Arts. The museum associated with the Vilnius Academy of Arts holds about 12,000 artworks. There are also a few private universities such as ISM University of Management and Economics, European Humanities University, and Kazimieras Simonavičius University. Several colleges are also in Vilnius including Vilnius College, Vilnius College of Technologies and Design, International School of Law and Business, and others. Primary and secondary education Primary and lower secondary education is mandatory in Lithuania. Children must start attending pre-primary education at six years old and education is compulsory until the age of 16.