Boyd County State Bank

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: March 23, 1933
Location: Anoka, Nebraska (42.947, -98.831)

Metadata

Model: gpt-5-mini
Short Digest: ad6298e8

Response Measures

None

Description

Article (Spencer Advocate, 1933-03-23) reports Boyd County State Bank of Anoka placed on a temporary 10% withdrawal restriction after the bank holiday; this is a regulatory-imposed restriction and the bank was operating under the restriction (not described as failed) — consistent with a temporary suspension and resumption.

Events (1)

1. March 23, 1933 Suspension

Cause: Government Action
Cause Details: State banking department imposed a temporary 10% restriction on withdrawals after the bank holiday; part of county's reopening plans to prevent runs.
Newspaper Excerpt: Boyd County State Bank of Anoka temporarily under restriction withdrawals, which limited to 10%
Source: newspapers

Newspaper Articles (1)

1. March 23, 1933 The Spencer Advocate Spencer, NE

Article from The Spencer Advocate, March 23, 1933

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Article Text

Banking Returning to Boyd County State Bank Temporarily Under 10% Restriction The county returned nearly to normal after the bank holiday ended and its effects subsided this week. The Boyd County State Bank of Anoka temporarily under restriction withdrawals, which limited to The bank had its choice of several plans for immediate reopening and chose protect its depositors by preventing any possible run on the bank after reopening. The state banking department may raise the restriction, change any time. The Spencer State bank and the Nebraska State bank Bristow, had already reorganized, freezing their old deposits, that further restrictions this time were necessary. The First National bank of Butte, only national chartered institution the county, was licensed to operate without restrictions, except for the withdrawal of gold or for hoarding purposes. Gold continues to return to the banks, in both coin and currency. The Boyd County bank reportamusing incident respect to turning women, unknown Anoka, returned gold certificates the amount $400, receiving other currency for They were careful divulge their identities even show their license plates in front the bank. Apparently they did not propose to deposit invest the currency they had obtained.