National Metropolitan Bank (Washington, DC)

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Episode Information

Episode UID
106901599
Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
10690 national
Charter Number
1069
Start Date
March 6, 1933
Location
Washington, District of Columbia (38.895, -77.036)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
6967ed48f4785d7a

Response Measures

None

Description

The 1914-1917 articles describe the bank acting as a plaintiff in legal proceedings against debtors (Richards, Fischer) and are unrelated to the bank's own stability. The 1933 articles describe the federal banking holiday affecting all Washington banks.

Events (3)
1. April 27, 1865 Chartered
Source
historical_nic
2. March 6, 1933 Suspension
Cause
Government Action
Cause Details
National banking holiday proclaimed by President Roosevelt.
Newspaper Excerpt
Today, the last of the bank holiday proclaimed by President Roosevelt, found Washington banks carrying on limited business and prepared for general reopening tomorrow.
Source
newspapers
3. March 14, 1933 Reopening
Newspaper Excerpt
Washington banks licensed to reopen after the bank holiday are back on a practically normal operating basis, local bankers declared as the rush of depositors that followed the reopening of 20 local banks on Tuesday fell away
Source
newspapers

Newspaper Articles (13)
1. December 16, 1914 Evening Star Washington, DC
Article from Evening Star, December 16, 1914

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District Supreme Court. EQUITY COURT NO. 1-Justice McCoy. Sheckells agt. Sheckells; rule returnable December 19; plaintiff's attorneys, J. S. Easby-Smith, R. B. Fleharty and C. H. Merillat: defendant's attorneys, J. A. Burkart and H. E. Davis. Nathan agt. Nathan; rule returnable December 19; plaintiff's attorneys, E. Carrington and N. C. Turnage. Henderson agt. Henderson: rule returnable December 19; plaintiff's attorneys, Downing & Berry; defendant's attorney, George W. Drew. Columbia Oil Company agt. Imperial Garage Company: rule returnable December 26; plaintiff's attorneys, G. L Baker and C. C. Miller. National Metropolitan Bank agt. Richards: motion for receiver dismissed: plaintiff's attorneys, Ralston & Richardson; defendant's attorney, George Francis Williams. Cooper agt. Cooper; motion for decree pro confesso denied; plaintiff's attorneys, George F. Curtis and George W. Drew: defendant's attorneys, F. C. Handy, George F. Williams and G. W. Offutt, jr. Van Tine agt. Allen: trustees ordered to make sale: plaintiff's attorneys, F. E. Chapin and A. B. Duvall. Cannon agt. Cannon: proof ordered taken before Margaret Murray, examier: plaintiff's attorneys, Darr & Peyser; defendant's attorney, Lawrence Koenigsberger. Frischkorn agt. Wilson; decree substituting trustee; plaintiff's attorneys, A. G. Bishop and Fred McKee. Holmes agt. Holmes; order to amend cross-bill; plaintiff's attorney, J. H. Stewart; defendant's atorney, A. W. Scott. Garrick agt. Probey; auditor's report confirmed; plaintiff's attorney, Leon Tobriner. Davis agt. Offley: proof ordered taken before J. A. Lynham, examiner: plaintiff's attorneys, Gordon & Gordon and Erskine Gordon. In re lunacy of Lucien D. Sizer: auditor's report approved; attorney, Frederick A. Fenning. United States agt. Jackson et al.; argued and submitted: plaintiff's attorneys, J. E. Laskey and B. J. Laws: defendant's attorneys, John Ridout, N. S. Bowles, Hoehling, Peelle & Ogilby. CIRCUIT COURT NO. 1-Justice Gould. Gardiner & Dent agt. Moebs: verdict for plaintiff for $1,500; plaintiff's attorney, W. G. Gardiner; defendant's attorney, C. F. Diggs. Roche agt. Washington Gas Light Company: time to settle bill of exceptions extended to January 18 and to file transcript to January 29. 1915: plaintiff's attorney, W. Gwynn GardiMinor. ner; defendant's attorneys, Berry & Latham agt. Moebs and Moebs agt. Latham: consolidated for trial, jury sworn and respited: attorneys, Gardiner, Diggs, Lambert & Yeatman. CIRCUIT COURT NO. 2-Justice Stafford. Cerrone agt. American Home Life Insurance Company; time to submit bill of exceptions extended to December 31, and to file transcript to January 13: plaintiff's attorneys, D. W. Baker and J. W. Staggers: defendant's attorney, James M. Proctor. Baltz agt. Sowers et al.: judgment of condemnation for $25.90: plaintiff's attorneys, Charles W. Darr and Julius I. Peyser. Fisher agt. Washington Railway and Electric Company: verdict for defendant; plaintiff's attorneys. A. A. Birney and C. W. Fowler: defendant's attorney, George P. Hoover. King agt. Offterdinger, on trial: plaintiff's attorneys, George E. Sullivan and W. C. English: defendant's attorney, H. B. Moulton. Fisher agt. Washington Railway and Electric Company: on trial: plaintiff's attorneys. A. A. Birney and C. W. Fowler: defendant's attorney, George P. Hoover. Linquist agt. District of Columbia: time to settle bill of exceptions extended to January 4, 1915: plaintiff's attorney. R. B. Behrend: defendant's attorneys, R. J. Whiteford and W. C. Clephane. Hoffman agt. Pittsburgh Construction Company: plaintiff ordered to file undertaking as security for costs within ten days or deposit $50: plaintiff's attorneys. W. J. Lambert and R. H Yeatman; defendant's attorney. W. H. Wahly. CRIMINAL COURT NO. 1-Chief Justice Covington. United States agt. Alfred H. Jackson, joy riding: plea guilty: sentenced to Occoquan for six months; attorney, J. C. Foster. United States agt. Robert Diggs, murder second degree; on trial: attorney, Charles Poe. United States agt. James H. Culler, Trevor T. Matthews, Herman C. Briggs, John H. Heffner and George A. T. Snouffer, violating pure food law; bench warrants issued. caveator's attorneys, F. J. Hogan, W. Anderson. Estate of Stilson Hutchins: on trial: caveator's attorney, F. J. Hogan, W. G. Johnson, J. J. Darlington and Myer Cohen; caveatee's attorneys, R. Ross Perry, E. H. Thomas and C. H. Merillat. BANKRUPTCY COURT-Justice McCoy. In re Lewis Johnson & Co.; time to file scheduled extended to December 16. In re Futeral & Silverman; rule on alleged bankrupts returnable December 28. In re Futeral & Silverman; order appointing Byron U. Graham receiver; bond, $2,000. In re Lewis Johnson & Co.; order

2. March 15, 1915 Evening Star Washington, DC
Article from Evening Star, March 15, 1915

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District Supreme Court. EQUITY DIVISION 1-Justice McCoy. National Metropolitan Bank agt, Richards; receivers authorized to borrow certain sum; plaintiff's attorneys, Ralston & Richardson; defendant's attorneys, M. J. Colbert, George F. Williams, D. W. O'Donoghue, William Lewin and W. H. Marlow. National Surety Company agt. Stannard; order of distribution; plaintiff's attorney; B. E. Hinton; defendant's attorney, J. E. Laskey. Cochran agt. Brennan; decree for specific performance; appeal noted; plaintiff's attorney, J. P. Schick; defendant's attorneys, R. F. Downing, Bates Warren and W. H. Sholes. In re lunacy of E. H. Eycke; order approving account; attorney, Frederick A. Fenning Michelsen agt. Lind; decree confirming second report of receivers; plaintiff's attorneys, L. R. Alden and Philip Walker: defendant's attorney, J. E. Laskey. Loeb agt. Friedlander: reference to auditor: plaintiff's attorney, Alexander Wolf; defendant's attorneys, J. I. Peyser and G. W. Offutt, jr. Van Tine agt. Allen; auditor's report ratified; plaintiff's atorneys, Frederick E. Chapin and Andrew B. Duvall. EQUITY DIVISION 2-Justice Siddons. In re estate of Marion O. Lane; sale ratified nisi; attorney, H. G. Kimball. Rearick agt. Lynchburg Investment Corporation et al.; decree substituting A. R. Varela as trustee: plaintiff's attorneys, Hargrove & Keyser. Rothschild agt. Butler; bill dismissed without costs; plaintiff's attorney, A. L. Newmyer; defendant's attorneys, I. J. Costigan and H. S. Welch. Barber agt. Barber; sale decreed, with T. Percy Myers and F. Snowden Hill, trustees; bond, $20,000; plaintiff's attorney. F. S. Hill; defendant's attorney, T. Percy Myers. Wildman agt. Wildman; divorce granted, custody of child given to mother and order of maintenance of child and counsel fee; plaintiff's attorney, R. B. Dickey; defendant's attorney, G. Beale Bloomer. CIRCUIT DIVISION 1.-Justice Gould. Moebs agt. Latham, and Gardiner agt. Moebs; time to file transcript extended to March 26; attorneys, C. F. Diggs and W. G. Gardiner. Wikel agt. Mason; continued for the term; plaintiff's attorneys, Pack & Church; defendant's attorneys, Berry & Minor, and L. R. Mason. Henderson agt. Henderson; continued for the term; plaintiff's attorney, George E. Sullivan; defendant's attorney, John Ridout. Cameron agt. Story & Cobb: verdict for defendants; plaintff's attorney, Chauncey Hackett; defendants' attorneys, Berry & Minor, L. R. Mason and Hugh B. Rowland. CIRCUIT DIVISION 2-Justice Stafford. Munsey Trust Company agt. Fischer: bill of exceptions signed and time to file transcript extended to March 23; plaintiff's attorney, W. J. Lambert; defendant's attorney, L. L. Hamby. Harper (Raymond) agt. American Express Company; verdict for plaintiff for $300 and judgment without costs; plaintiff's attorneys, D. W. Baker and J. W. Staggers; defendant's attorneys, Carlisle, Luckett & Howe. Harper (Charles) agt. American Express Company; verdict for plaintiff for $600 and judgment forthwith without costs; plaintiff's attorneys, D. W. Baker and J. W. Staggers; defendant's attorneys. Carlisle, Luckett & Howe. McDonald agt. Peck; on trial; plaintiff's attorneys, Neale & England; defendant's attorney, R. L. Williams. CRIMINAL DIVISION 1-Chief Justice

3. April 8, 1915 Evening Star Washington, DC
Article from Evening Star, April 8, 1915

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District Supreme Court. EQUITY DIVISION 1--Justice McCoy. Blair agt. Gruver; decree substituting trustee; plaintiff's attorney, Paul L. Wright. Campbell agt. Pennsylvania Railroad Company; order extending time to file H. answer; plaintiff's attorneys, L. David and David Wiener: defendant's attorneys, McKenney & Flannery. Franz agt. Northwest Eckington Improvement Company: order finally ratifying sale: plaintiff's attorney, George Francis Williams: defendant's attorneys, C. H. Merillat and John Ridout. Birdsall agt. Gill: decree substituting trustee; plaintiff's attorney, H. S. Welch. Dahlgren agt. Rhett; decree setting aside pro confesso: plaintiff's attorney, J. J. Darlington; defendant's attorney, C. R. Dean. National Metropolitan Bank agt. Richards: order authorizing receivers to make sale: plaintiff's attorneys. Ralston & Richardson: defendant's attorney, D. W. O'Donoghue. Hill agt. Hill; order appointing Ida M. Hill trustee: bond, $7,500; plaintiff's attorneys. G. P. McGlue and George C. Bowie. EQUITY DIVISION 2-Justice Siddons. In re estate of Marion O. Lane; sale finally ratified: petitioner's attorney, J. E. Potbury. Gibson agt. Gibson; order to sell certain rights; plaintiff's attorney, W. K. Quinter. Rowan agt. Hart; reference to the auditor: plaintiff's attorney, Frederick A. Fenning. Ciffo agt. Ciffo; time to submit statement of evidence extended to April 10: plaintiff's attorneys. C. F. Carusi and Edward Mascolo: defendant's attorneys, W. G. Gardiner and L. L. Hornby. Lee agt. Lee: on hearing; plaintiff's attorney, J. S. Easby-Smith: defendant's attorneys. D. W. Baker. W. E. Leahy and J. A. Moriarty. CRIMINAL DIVISION 1--Chief Justice Covington. United States agt. Charles F. Prevost; perjury; bench warrant returned cepi and defendant committed. United States agt. Clarence E. Cobb: non-support: bench warrant issued. United States agt. Edward W. Mollohan; false pretenses; motion for new trial field: attorneys, C. A. Douglas, G. L. Baker and C.C. Miller. PROBATE DIVISION-Justic Siddons. Estate of William A. Shannon; petition for probate of will filed; attorney, W. M. Gettinger. In re Paul J. Sullivan et al.: answer to rule filed: attorney, J. A. Moriarty. Estate of Caroline E. Porte; order framing issues and setting date for trial: attorney. A. B. Leet. filed: Estate attorney, of Calvin W. J. H. Lambert. Chadsey; caveat Estate of Elizabeth S. J. Meigs; will dated April 6, 1912, filed. Estate of Elizabeth Chester: will admitted to probate and letters testamentary granted to William Chester; bond, $500; attorney, H. D. Gordon. Estate of Laura E. T. Lynch; will dated January 18, 1915, filed. Estate of Louis Werthschutsky; letters of administration granted to Frederick A. Fenning; bond, $900; attorneys, Frederick A. Fenning and Spencer Gordon. Estate of Frances Colton: order relieving executor from accounting; attorney, Crammond Kennedy. Estate of George S. Nixon; exemplified copy of will filed. Estate of Micajah Early: petition for probate of will filed; attorney, P. H. Holley. Estate of Ethel Carbaugh; codicil of June 28, 1913, filed. Estate of Mary A. Phillippe; petition for probate of will filed; attorneys, W. C. Sullivan and F. J. Wissner. Estate of Minna S. Miller; will dated May 8, 1913, filed. Estate of Samuel A. Ward; petition for probate of will filed: attorney. L. L. Korn. Estate of Gover W. Wellford : petition for letters of administration filed; attorney, J. B. Flynn. Estate of James F. Nicholas: petition to sell personal estate filed : attorney, G. H. Calvert, jr. Estate of Mary J. Tynan; petition for instructions filed: attorney, H. W. Sohon. Estate of Patrick Meehan: answer to petition to sell real estate filed. Estate of Walter F. Halleck: renunciation of Washington Loan and Trust Company as executor and petition for letters of administration c. t. a. filed; attorney, George C. Ross. In re Thomas Robinson et al.; petition.

4. May 4, 1915 Evening Star Washington, DC
Article from Evening Star, May 4, 1915

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District Supreme Court. EQUITY DIVISION 1-Justice McCoy. Loewenstein agt. Dean; order authorizing receivers to accept offer: plaintiff's attorney. M. J. Colbert: defendant's attorney, E. S. Bailey. Maass agt. Wardman: hearing continued until Thursday: plaintiff's attorney, W. G. Gardiner: defendant's attorneys. Brandenburg & Brandenburg and J. J. Darlington. EQUITY DIVISION 2-Justice Siddons. Cochran agt. Brennan: time to submit statement of evidence extended to May 19 : plaintiff's attorney, J. P. Schick: defendants' attorneys, R. F. Downing and Bates Warren. Stoner agt. Roberts: rule returnable May 7 (by Justice Stafford): plaintiff's attorneys. A. H. Bell and Leon Tobriner. National Metropolitan Bank agt. Fischer: order appointing Stanley D. Willis receiver: bond. $2,500 : plaintiff's attorneys. Ralston & Richardson and Stanley D. Willis. Briggs agt. Godding: reference to auditor: attorneys, William Henry Dennis and E. B. Briggs. CIRCUIT DIVISION 1-Justice Gould. Arndt agt. City and Suburban Railway Company: jury respited: plaintiff's attorneys, L. J. Mather and E. C. Brokmeyer; defendant's attorney, J. S. Barbour. CIRCUIT DIVISION 2-Justice Stafford. Aukward agt. District of Columbia;

5. May 4, 1915 Evening Star Washington, DC
Article from Evening Star, May 4, 1915

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COURT NAMES RECEIVER. Anton Fischer Intimates Purpose of Retiring From Business. Anton Fischer, a confectioner at 523 4 1/2 street southwest, was indebted to the National Metropolitan Bank for $400, and last Saturday addressed a letter to the bank telling it that ample security would be found in his place of business. Early Monday morning Mr Fischer is reported to have left his store in charge of a clerk. The bank officials today, through Attorneys Ralston & Richardson and S. D Willis, applied to the District Supreme Court for a receiver, exhibiting the letter from the merchant navising of his intention to retire from business and suggesting that the bank have the stock sold out privately. "Don't have any auction," the merchant wrote. Justice Siddons, under the circumstances, thought a receiver should take charge of the stock. He appointed Stanley D. Willis as receiver and fixed his bond at $2,500.

6. May 11, 1915 Evening Star Washington, DC
Article from Evening Star, May 11, 1915

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Bishop and Fred McKee. National Metropolitan Bank agt. Fischer: receiver authorized to surrender premises: plaintiff's attorneys. Ralston & Richardson, S. D. Willis. Hall agt. Brandenburg: order of March 23 modified: plaintiff's attorneys. Wolf & Cohen: defendant's attorneys. Richardson & Shreve, Rhodes & Cromelin. H. A. Baker, W. W. Edwards and Dion S. Birney. Pottel agt. Burt: order to disburse fund: plaintiff's attorney. Fulton Lewis. Rowan agt. Hart: auditor's report ratified: plaintiff's attorney. Frederick A. Fenning. Mahoney agt. Donovan: guardian ad litem appointed: plaintiff's attorney. George C. Gertman. Title Guaranty and Surety Company agt. Tunny: motion for leave to interovernied: appeal noted: intervener's attorneys. E. H. Jackson and R. H. Turner. Shank agt. Shank: rule returnable May 14: plaintiff's attorney. George E. Sullivan. Wayne agt. Wayne: decree reforming deed: plaintiff's attorney, John Ridout. Posey agt. Douglass; order to deposit records in clerk's office; plaintiff's attorney, Joseph H. Stewart: defendant's attorney, George H. White. Jackson agt. National Clay Products Company: leave to amend granted; plaintiff's attorneys, R. W. Baldwin, Leckie, Cox & Kratz. In re adoption of Ralph Courtney: order legalizing adoption; attorneys, Gordon & Gordon. Robeson agt. Crutchfield: rule returnable May 21, 1915: plaintiff's attorney, Benjamin Carter. Brunemer agt. Driver: time to perfect appeal extended: plaintiff's attorney, C. H. Merillat: defendant's attorney, H. E. Davis. Church agt. Church: decree instructIng trustees; plaintiff's attorney, J. J. Darlington. EQUITY DIVISION 2-Justice Siddons. Reid agt. Dodge: order to pay certain sum to plaintiff: plaintiff's attorneys, M. S. Farmer. jr., and R. S. Reid: defendant's attorneys. Hamilton, Yerkes & Hamilton. CIRCUIT DIVISION 1-Justice Gould. Hoover agt. Capital Traction Company; on trial: plaintiff's attorneys, H. E. Davis and G. L. Whitford: defendant's attorney, G. Thomas Dunlop. Arndt agt. City and Suburban Railway of Washington: motion for new trial filed: plaintiff's attorneys, L. J. Mather and E. C. Brokmeyer; defendant's attorney, J. S. Barbour. CIRCUIT DIVISION 2-Justice Stafford. Wadley agt. Washington Utilities Company; bill of exceptions signed: plaintiff's attorney, W. G. Gardiner: defendant's attorneys, J.S. Barbour, D. S. Mackall and B. D. Boteler. Stratton agt. Vrooman; jurors disagree and are discharged: plaintiff's attorneys, Capers, Hanson, Perkins, Widmayer: defendant's attorneys, Serven, Simpson, Wilson, Huidekoper and Lesh. Aukward agt. District of Columbia: on trial; plaintiff's attorneys, C. H. Merillat and Alexander Wolf; defendands attorneys, R. J. Whiteford and F. H. Stephens. CRIMINAL DIVISION-Chief Justice Covington. United States agt. Raymond O. Kleindienst, adultery; on trial; attorney, T. M. Wampler. United States agt. Harry Owens: forgery: bail fixed at $3,000; recognizance $3,000 taken, with W. W. Stewart, surety: attorney, D. W. Baker. United States agt. Clarence H. Davis, non-support; bench warrant issued. United States agt. Angus A. Powell, non-support; plea guilty; sentenced to Occoquan for one year; placed on probation. CRIMINAL DIVISION 2-Justice Anderson. United States agt. John Mason, as-

7. April 10, 1916 Evening Star Washington, DC
Article from Evening Star, April 10, 1916

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# District Supreme Court. EQUITY DIVISION 1-Justice Anderson. Camp agt. Camp; rule returnable April 14; plaintiff's attorneys, W. J. Lambert and F. R. Whippler. National Metropolitan Bank agt. Richards; receivers authorized to sell and to make settlement; plaintiff's attorneys, Ralston & Richardson; defendant's attorneys, W. M. Lewin, George F. Williams and W. H. Marlow. jr. Thornton agt. Powers; auditor's report ratified; attorney, John Paul Earnest. Barnes agt. Marden: decree substituting trustee: plaintiff's attorneys, Ralston & Richardson; defendant's attorney, S. D. Willis. EQUITY DIVISION 2-Justice McCoy. Henderson agt. Hutchins; statement of evidence submitted: plaintiff's attorney, F. H. Stephens; defendant's attorneys, Gittings & Chamberlin. Wedderburn agt. Wedderburn; time to file transcript extended to April 21; plaintiff's attorney, L. H. David; defendant's attorney, Edmund Burke. Ball agt. First Co-operative Build-

8. April 11, 1916 The Washington Herald Washington, DC
Article from The Washington Herald, April 11, 1916

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District Supreme Court. Equity Division, No. 1. Justice Anderson." Camp vs Camp; rule returnable April 14; plaintiff's attorneys, W. J. Lambert and F. R. Whippler. National Metropolitan Bank vs. Richards; order authorizing receivers to sell and to make settlement; plaintiff's attorneys, Ralston & Richardson. Thornton vs, Powers; order confirming auditors' report; plaintiff's attorney, J. P. Earnest. Barnes vs. Marden; decree substituting trustee: plaintiff's attorneys, Ralston & Richardson; defendant's attorney, S. D. Willis. Santmyer vs. Santmyer; order discharging rule; plaintiff's attorneys, S. F. Talliaferro and C. C. Miller; defendant's attorney, John Ridout. Assignment for today: 32964-Ripley vs. Curtin. Attorneys, Archer, Smith, Willett-Stein, Padgett, Forrest. 33895-Radford vs. Place. Attorneys, Wilson, Huldekoper & Lesh-Hawken, Havell, Ridout.

9. January 18, 1917 The Washington Herald Washington, DC
Article from The Washington Herald, January 18, 1917

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COURT PROCEEDINGS preme Court, District of Columbia. Equity Division No. 1. Justice Hits. In re lunacy of Mathilde Wurdemann: reference to the auditor. In re lunacy of James Brady; reference to the auditor, Hoffman vs. Jackson: final decree to trustees to make payment; plaintiff's attorneys, Ralston & Richardson: defendant's attorneys, George C. Gertman and S. D. Willis. Hawken vs. Anheuser-Busch Brewing Ass clation; decree pro confesso; plainLiff's attorneys. G. F. Havell and G. E. McMell. M tens vs. White Cross Milk Compan) order authorizing receiver to employ clerk: plaintiff's attorneys, Bates War en and W. H. Shoies. Taylor VS. Taylor: rule returnable January 26; plaintiff's attorney. Bert Emerson, jr. Staub VS. McNetr: order discharging trustee; plaintiff's attorneys, C. R. Colvin and T. H. Patterson; defendant's attorneys, Leckie, Cox & Sherler. Holland VS. Holland; rule returnable January 26: plaintiff's attorney, E. L. Gles. National Metropolitan Bank VS. Richards: order authorizing receivers to sell square 707: plaintiff's attorneys. Ralston & Richardson: defendant's attorneys, D. W. O'Donoghue and W. M. Lewin. enedetto VE, Benedetto; rule returnable January 26; plaintiff's attorney, M. E. O'Brien. Commercial Casualty Company VS. Jones: order to deposit fund in registry: plaintiff's attorney, A. P. Owens. Dyke vs. Dyke: rule returnable January 26; plaintiff's attorney, O. A. Bigoness. Assignment for today: 1005-In re bankruptcy of Lewis Johnson Company.

10. March 9, 1933 The Washington Times Washington, DC
Article from The Washington Times, March 9, 1933

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Banks Free Money For Essentials Washington banks today started granting withdrawals by depositors who need the money for the purchase of food, medicine, and other essentials-and found few persons taking advantage of the service. Each depositor who came to draw money was required to sign a printed form to the effect that the money withdrawn was to be used for necessities. No limit was set by the banks, but those making the withdrawais were asked to explain their needs and the sum was determined by this method. Amounts paid out ranged from $5 to $25. Withdrawals Are Light Bank officials in all parts of the District said that the number of withdrawals was running exceedingly light, an indication that the four-day bank holiday has worked little if any hardship in Washington. The withdrawal of money was made possible through instructions issued by the Washington Clearing House Association to its members, based on regulation No. 10, the "humanitarian" regulation issued by Secretary of the Treasury William H. Woodin. Reversal of Position In taking this stand the clearing house reversed its position of yesterday when it recommended against any action on Regulation No. 10 pending further clarification of the ruling which was termed as vague and too broad. While this action releases a certain amount of funds from the banks, no action will be taken on another section of the regulation providing that the banks may meet payrolls. Bankers pointed out that if they did this they would jeopardize their own position, by paying out money while they are unable to take any in. No bank, no matter how strong its position and reserve, can long do this, they said. Under restrictions placed on the banks by Secretary Woodin, banks may receive new deposits, but these deposits must be kept in trust. So far all local banks (Continued on Page 2, Col. 3)

11. March 10, 1933 The Washington Times Washington, DC
Article from The Washington Times, March 10, 1933

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PAYROLLS HERE MET BY BANKS (Continued from Page One) certificates may be withdrawn, however. The local banks also continued allowing their depositors to withdraw funds up to $25 for purchases of food, medicine, and other essentials permitted under Regulation No. 10. Those making the withdrawls must sign statements that the money is to be expended in accordance with the regulations of the department. Padded Payrolls Alleged Several banks reported they had detected several instances of business men trying to pad their payrolls to get larger amounts of cash on hand in their establishments. To check this, the banks were requiring the business men to present their payroll books as proof of their needs. Some banks, however, not sure of the authority to issue money to meet payrolls, were asking the business men to sign 10-day notes for the money they withdraw to meet the payrolls. In this manner, they said, they would be protected if it was learned afterward that they did not have authority to issue the money. Rent Not Considered Banks do not consider payment of rent one of the essentials covered in the regulation, several being reported as refusing to honor withdrawals for rent payments, holding that the landlord must wait payment as do stores and other business concerns. The Clearing House last night advised its members to prepare to reopen on short notice, and it was believed that all banks will be opened for business in full by next Monday. Some banks may be reopened tomorrow, it was indicated. At Upper Marlboro, Md., the First National Bank today started cashing pay roll checks and also cashed checks for county employes whose offices carry accounts in the bank. Exchange to Open The Washington Stock Exchange, closed following the proclamation of the bank holiday, will also open again Monday, it is believed, and local brokers are looking for a rising market.

12. March 13, 1933 The Washington Times Washington, DC
Article from The Washington Times, March 13, 1933

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BANKS PREPARE FOR OPENING TOMORROW All to Resume at Same Time If Reserve Board 0. K's Clearing House Plea Washington banks today were awaiting word from the Federal Reserve Bank at Richmond for permission to resume activities tomorrow. It is expected that the Federal Reserve will honor the request of the Washington Clearing House Association and send out notification simultaneously, so that all banks here which are members of the system will receive licenses and open at the same time. The Clearing House made this request, pointing out that failure of any bank to open at the same time as the others might be misconstrued by depositors. While the local banks are expected to reopen tomorrow morning. Secretary of the Treasury William H. Woodin issued instructions to banks that they guard against hoarders. Withdrawals Limited Until more normal conditions have been established. the Secretary instructed, withdrawals should be limited at the discretion of the bank to necessary funds. This will permit the banks to restrict withdrawals of, in their judgment, the money to be taken out of circulation. Warning was again issued that 3 o'clock Friday is the deadline for those who have been hoarding gold or gold certificates to turn them in. Names to Be Listed At the close of the banking lists of those who sums or 1 will be have gold day February Friday withdrawn gold certificates large sent Reserve to since the of governor of the Federal at Richmond for such action as the Government may deem advisable in view of the President's edict against hoarding. It is believed that few persons will fail to turn in their gold as the President asked, bankers pointing out that in the past few days many thousands of dollars have already been turned in at local banks and at the Treasury. Today, the last of the bank holiday proclaimed by President Roosevelt, found Washington banks carrying on limited business and prepared for general reopening tomorrow. The reopening is expected to give a bc m to local business. Savings banks and other institutions here which are not members of the Federal Reserve System have applied to the Comptroller of the Currency for licenses to reopen, and it is expected that they will be given permission to resume on Wednesday.

13. March 17, 1933 The Washington Times Washington, DC
Article from The Washington Times, March 17, 1933

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STOCKHOLDERS AND PATRONS TO CONFER Commercial National Chief To Bare Plan to Reorganize; D. C. Banking "Normal" Washington banks licensed to reopen after the bank holiday are back on a practically "normal" operating basis, local bankers declared as reopenpositors today that followed the rush the of deon ing of 20 local the banks usual volume Tuesday fell away to of business. Clearing House records showed that checks totalling $1,716,728.31 were cleared yesterday. This figure, it was said, is about the normal day's clearing. Wednesday $2,888,365.93 was cleared, but this large sum was due to the Government pay day and to some of the outstanding checks from the holiday period still being cleared, it was said. Depositors to Meet Plans for reorganization and reopening of the Commercial National Bank, the only institution in the District placed in the hands of a receiver as a result of the recent banking crisis, will be discussed at a meeting of depositors and stockholders to be held at the Mayflower Hotel tomorrow night. Col. Wade H. Cooper, president of the bank, who called the meet- a ing, declared he would hold series of such gatherings if necessary in order that the 20,000 depositors may learn "the true facts" leading up to the closing of the institution February 28. A "safe and sure" plan for speedy recovery of the bank has been developed by Colonel Cooper, he said, and he expects to reveal this at the meeting tomorrow night. Merger Plans Wait Plans for reorganization and possible consolidation of the 13 Washington banks which were not licensed to reopen at the end of the President's national bank holiday were still in abeyance today. Officials of the banks are exmeet pected shortly to to discuss in the conference possibility of receiving Federal aid in event plan of consolidation may be worked out. Meanwhile conservators of the banks are working over the assets of the institutions, preparatory to making a report to the Comptroller of the Currency as to their strength and the possibility of reorganization for the protection of depositors and stockholders. One Reopening Denied Reports that one of the 10 savings banks which failed to receive a license would open tomorrow was denied at the office of the Comptroller of the Treasury and by the conservator handling the affairs of the bank. The conservator pointed out that he has been at work for only two days on the bank's affairs, and said it would probably require several weeks before his report on the assets would be completed and sent to the Treasury Department, which will then act on the question of issuing a license.