gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
c5e83dc1e0d7806f
Response Measures
None
Events (3)
1.March 22, 1866Chartered
Source
historical_nic
2.March 3, 1933Suspension
Cause
Government Action
Cause Details
Five-day moratorium proclaimed by the Governor of Texas effective March 3, 1933
Newspaper Excerpt
In obedience to the proclamation of the Governor of Texas declaring five-day moratorium, effective Friday, March 3, 1933; the undersigned banks of Houston will not be open for the transaction of any kind of business prior to the ... of March
Source
newspapers
3.June 21, 1933Voluntary Liquidation
Source
historical_nic
Newspaper Articles (2)
1.March 3, 1933The Houston ChronicleHouston, TX
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Article Text
(Continued from tried the Federal Reserve Bank checks, Officers employes of Houston's banking institutions went usual Friday were "standing by" waiting further orders. The only employes working in language. this moratorium banks' fault. the First National the officers into at a.m. The stood around talked most of them was their experience. buy some puzzles work them during the day," assistant cashier said. Merchants Take Checks. Retail Merchants Associastatement that all members the association would accept personal checks for provided customer was good standing with the company. and provided no
2.March 3, 1933The Houston ChronicleHouston, TX
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Article Text
BANKS TO
First National Bank State National Bank South Texas Commercial National City Bank Trust Company Bank Jacinto Trust Company
In obedience to the proclamation of the Governor of Texas declaring five-day moratorium, effective Friday, March 3, 1933, the undersigned banks of Houston will not be open for the transaction of any kind of business prior the of March morning unless some change is made in the governor's proclamation meanwhile. Houston National Bank Houston Land Company Union National Bank Harrisburg National Bank Second National Citizens State Bank National Bank of Commerce Guardian Trust Company
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
