11962. Omaha National Bank (Omaha, NE)

Bank Information

Episode Type
Suspension โ†’ Reopening
Bank Type
national
Bank ID
1633
Charter Number
1633
Start Date
March 9, 1933
Location
Omaha, Nebraska (41.259, -95.938)

Metadata

Model
gpt-5-mini
Short Digest
86b1ea544b70b864

Response Measures

None

Description

Articles describe the March 1933 federal/state-imposed bank holiday and subsequent permission to reopen. No bank run is reported for Omaha National; reopening is authorized (March 14, 1933 article lists Omaha National among banks permitted to reopen). Limited withdrawals and depositor certificates were used during reopening.

Events (3)

1. February 10, 1866 Chartered
Source
historical_nic
2. March 9, 1933 Suspension
Cause
Government Action
Cause Details
Closed under the nationwide/state bank holiday and regulations issued by the Treasury/Federal Reserve during March 1933 banking crisis; banks limited withdrawals and required certificates for currency withdrawals.
Newspaper Excerpt
All Lincoln banks ... limited withdrawals ... banks' reopening ... regulations laid down by Secretary of the Treasury Woodin
Source
newspapers
3. March 14, 1933 Reopening
Newspaper Excerpt
The Nebraska banks authorized open today ... Omaha National, Omaha listed among banks permitted to reopen today by federal reserve / Secretary of the Treasury Woodin approval (March 14, 1933). The First National bank had about $140,000 in this new count business Thursday ... The Omaha National had about $90,000 the 'new account business' and banks permitting limited withdrawals with certificates required for currency withdrawals. (Omaha Evening Bee-News, Mar 9 & Des Moines Register, Mar 14, 1933).
Source
newspapers

Newspaper Articles (3)

Article from The Omaha Evening Bee-News, March 9, 1933

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Article Text

CASH BANK INTO SALARY CENTRALIZE ENVELOPES SUPPLY (Continued From Page bankers said. Most of the accounts are deposits of the cash received by large firms, they clared, although some individuals appear who may have had cash in deposit boxes. CHECK ON NEW FUNDS The First National bank had about $140,000 in this new count business Thursday, and was permitting checking against these accounts. These checks were identified with ber stamp reading, "This check drawn on funds deposited March subsequent thereto. Government checks and postal money orders received deposits. The Omaha National had about $90,000 the "new account business, 80 far had arrangements for The accounts strictly for the care cash, with all made by the depositor the counter Other banks had smaller sums in the ledgers. The state banks Nebraska not Woods rules and regulations under The difficulty with the banks' reopening many stances that their funds largely deposit in national banks Omaha "reserve center" and in other reserve and subreserve centers Unthe holiday state banks could deposit their reserves directly with the federal reserve state bank has account the payment would deplete its draw the federal reserve but would have draw national where its reserve deposited Mr. Earhart of federal reserve said he had ing whether the national bank could grant the pay roll withthrough the state bank but would be optional the officers of the national bank LINCOLN RATIONS PAY All Lincoln banks ing limited withdrawals cash their depositors Thursday for the payment salaries and wages, the purchase of food and medicine, special emergency needs permitted under the regulations laid down by Secretary of the Treasury Woodin Officers the pect to reopen for regular busisoon Congress enacts the legislation asked by President the Lincoln Clearing House association made customers of various banks found that they could obtain currency in limited amounts for their immediate needs. each establishment tell ers were receiving checks and paying out cash within specified conditions Regulations governing withwere altogether uniform the downtown banks The hope voiced by their officers that day would bring general "business as usual throughout the country First National, Vice President Maly said checks drawn upon that bank in payment salaries wages were being paid presentation up to $25 each. Individual depositors being permitted to out apiece for necessities.


Article from The Omaha Evening Bee-News, March 9, 1933

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Article Text

What Public Has to Sign Getting Any Cash The certificate necessity that Omaha bank depositors must sign enable them withdraw currency the bank holiday reads follows The undersigned, depositor National bank Omaha represents upon that the sum in the currency for the purpose that not withdrawing said currency for purpose for the purpose of hoarding. (signature) Purchasing food. medicine other of life or of ordinary salaries and The certificate must be sworn to before notary pub- So far used for roll currency, same form probably will by the when permit limited withdrawals from per sonal accounts. Another form is used when bank gets currency from the federal reserve. The bank's form sets out that "absolutely necessary' for celve the currency to meet demands of customers. and has required each depositor tomer statement der about the for purpose which he intends to use the money


Article from The Des Moines Register, March 14, 1933

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Article Text

39 (Continued From Page National bank; Third American National bank. Indiana. Fort National Bank and Trust Co. National bank; Merchants National Fletcher Trust Terre Haute First National bank. 89 Banks Open in 10th District; 17 in Nebraska KANSAS CITY, MO. list 89 banks, all members of clearing house associations, which will be permitted to reopen today the tenth federal reserve district, here Monday night. approved by Secretary the Treasury Woodin, and nounced by federal reserve bank officials here, includes 26 in Kansas, 10 western Missouri, 18 Oklahoma, Nebraska, 14 Colorado and four in Wyoming. The Nebraska banks authorized open today: Fremont National. First National, Grand Island. Continental National, Lincoln. Havelock National, Lincoln Merchants National, Nebraska City. Otoe County National, Nebraska City. Stephens National, Fremont. Hastings National. First National, Lincoln. National Bank of Commerce Lincoln. Nebraska National. First National, Omaha. Omaha National, Omaha. Livestock National, Omaha. Packers National, Stockyards National, Omaha.