13383. First National Bank (Omaha, NE)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
209
Charter Number
209
Start Date
March 6, 1933
Location
Omaha, Nebraska (41.259, -95.938)

Metadata

Model
gpt-5-mini
Short Digest
ac91350b

Response Measures

None

Description

These articles describe the March 1933 bank holiday/temporary suspension of banking operations and the subsequent authorization to reopen (First National Bank, Omaha). No specific depositor run on this bank is described; article of 3/9/1933 describes limited withdrawals and paying small checks, and 3/14/1933 lists the bank among those permitted to reopen.

Events (2)

1. March 6, 1933 Suspension
Cause
Government Action
Cause Details
National bank holiday / emergency regulations issued by the Treasury and actions around banks' temporary closing in early March 1933.
Newspaper Excerpt
All Lincoln banks ... limited withdrawals ... The hope voiced by their officers that day would bring general business as usual ... First National, Vice President Maly said checks drawn upon that bank in payment salaries wages were being paid presentation up to $25 each.
Source
newspapers
2. March 14, 1933 Reopening
Newspaper Excerpt
The Nebraska banks authorized open today: ... First National, Omaha. Omaha National, Omaha. Livestock National, Omaha. Packers National, Stockyards National, Omaha. (Des Moines Register, 1933-03-14)89 Banks Open in 10th District... approved by Secretary the Treasury Woodin
Source
newspapers

Newspaper Articles (3)

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

Click image to open full size in new tab

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 Des Moines Register, March 14, 1933

Click image to open full size in new tab

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.


Article from Nebraska Legal News, February 3, 1934

Click image to open full size in new tab

Article Text

This was a different case between different parties and the evidence in that case is not before the court. The receiver is not in a position to urge that Flannigan was the agent of Jepsen and therefore of the First National Bank, since he offered Flannigan as a witness to prove that he was employed by the Hoyts as a justification for depositing the money in the name of the Hoyts. The evidence in this case establishes beyond a doubt that neither Jepsen nor the First National Bank of Omaha by word or act ratified the act of Flannigan in depositing the fund in the name of the Hoyts. In fact, Jepsen's persistent demand for the money was annoying to Flannigan. Certain checks in bank for collection and clearance a trust fund. The appellant is mistaken when he asserts that the court in the abovecited case found that Jepsen ratified the deposit. We do not so read. Anyway, the evidence herein is that he did not know what had become of the money, until after the bank closed. If it is urged, indirectly, that these checks were put in the bank for collection and clearance, the fund is still a trust fund. Section 62-1812, Comp. St. 1929, which went into effect July 25, 1929, makes it such. State V. Farmers State Bank, Vol. 3, Neb. Sup. Ct. Jrl., No. 5, pg. 5; 250 N. W. 557. Other assignments of error, such as that the First National Bank waived its lien on the cattle and that the evidence did not show fund belonged to intervener, are not well taken in view of the overwhelming evidence to the contrary. The assets of the bank were augmented wrongfully to the extent of the pretended deposit, not for the First National Bank, but in the name of the Hoyts. The bank gave up nothing in return. The judgment of the district court is right and without error. AFFIRMED.