Exchange Bank - Fairfax, MO

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: March 6, 1933
Location: Fairfax, Missouri (40.339, -95.393)

Metadata

Model: gpt-5-mini
Short Digest: e94080da

Response Measures

None

Description

Article describes the March 1933 bank holiday/closing ordered by authorities and local handling; no depositor run is described and the bank continued operations under emergency rules and/or promptly resumed business. Date of suspension tied to the March 1933 banking holiday (newspaper 1933-03-10).

Events (1)

1. March 6, 1933 Suspension

Cause: Government Action
Cause Details: Temporary closure due to the state/national bank holiday and related emergency regulations in March 1933
Newspaper Excerpt: Under the regulations set down by Secretary of Treasury Woodin, the Exchange Bank of Fairfax has been making change and allowing to individuals access to their deposit boxes. The people of Fairfax have good-humoredly accepted the inconvenience of having the bank closed
Source: newspapers

Newspaper Articles (1)

1. March 10, 1933 The Fairfax Forum Fairfax, MO

Article from The Fairfax Forum, March 10, 1933

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Article Text

BANKS DECIDETO ISSUE SCRIP WILL BE HONORED BY ALL COUNTY BANKS. Resources of Bank of Issuance Will Be Placed Back of It. Scrip will be issued by the banks of the county to be used as a medium of exchange in the county, it was decided at a meeting of the committee appointed by the Atchison County Bankers' Association which was held the Bank of Atchison County in Rock Port Wednesday The serip will be issued in denominations of One Dollar and Five Dollars, and will be secured by the liquid as sets of the bank issuing it. Each piece of scrip is to bear the seal of the bank of issue, and also to bear the signature of the president and cashier of such bank. The issue and use of the scrip will be in conformity with exisiting or subsequent ruling of the banking authorities. A committee will be appointed to attend to the issuing of the scrip. An indication of the strength of the banks of Atchison county was manifest Saturday when every bank in the county remained open and did business in spite of the holiday tion of the governor. On at meeting of the bankers, it was decided that they would open on Monday and conduct their regular business. Monday was the last day for the or iginal state bank holiday to be efThe president's proclamation late Sunday night, which embodied heavy penalty if it was not closed all the banking houses of the nation. Under the regulations set down by Secretary of Treasury Woodin, the Exchange Bank of Fairfax has been making change and allowing to individuals access to their deposit boxes. The people of Fairfax have goodhumoredly accepted the inconvenience of having the bank closed and it has not been interpreted as any weakness of the bank. People of the community realize that the local bank is on firm business foundation for the last bank statement showed that the bank was operating on a cash surplus far in excess of that demanded by law. The people are also of the very general opinion that any attempted on bank would only result run any in inconvenience to themgreat selves. The unlimited confidence in the local banking institution is exemplified in the prevailing question, "How much money dd you have on you when the banks and the total absence of any reflection on the bank.