First National Bank (Boston, MA)

View Charter #200 on SPMC View balance sheet

Episode Information

Episode UID
20001599
Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
2000 national
Charter Number
200
Start Date
March 6, 1933
Location
Boston, Massachusetts (42.358, -71.060)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
84688b48cd8fcbd2

Response Measures

None

Events (3)
1. January 16, 1864 Chartered
Source
historical_nic
2. March 6, 1933 Suspension
Cause
Government Action
Cause Details
Federal/state-declared banking holiday and clearing-house restrictions following the March 1933 bank holiday proclamations
Newspaper Excerpt
Banks of Boston, still functioning under the holiday banking restrictions
Source
newspapers
3. March 13, 1933 Reopening
Newspaper Excerpt
the banks undertook to clear up much of the work ... before the opening of some banks for regular business next week; applications ... seeking licenses to open and resume business.
Source
newspapers

Newspaper Articles (3)
1. December 15, 1931 The North Adams Transcript North Adams, MA
Article from The North Adams Transcript, December 15, 1931

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Article Text

National Bank of Boston Central for Speedy Reopening Taken. Boston, sachusetts banking institutions, with aggregate deposits, according the latest closed today. The list included national banks and five state banks. The central figure the closings the Federal National bank Boston, which has five city branches and with which all the other institutions were affiliated. The Federal National bank, whose directors ask the comptroller to take charge after the bank and its branches deposits on September The other banks and their latest The Middlesex National bank, $4,000,000; the National Lynn, the Gloucester National bank, $1, 600,000; the Trust the Lawrence company, Camthe Brockton company, the Salem, from his home that proper measures, for institutions be accomplished and further said he had instructed Bank Commissioner Arthur Guy proceed that end in view, Bank Commissioner Guy left his home Framingham begin placing state the the five state banks affected. Governor Ely, after receivreports his in Westfield, started for Boston. Three savings banks in East Bos. ton and South Boston encing small runs today. They were the affected today's and officers that funds safe.

2. March 7, 1933 Sun-Journal Lewiston, ME
Article from Sun-Journal, March 7, 1933

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Article Text

Boston Commercial Banks Delay Opening To Resume Business WednesTrust Companies Open But an Hour BOSTON, March spite of authority given open for the purpose new deposits, today after Clearing House postpone opening until Several companies Boston opened nine closed again about hour later because of some fusion to procedure. difficulty might be against understood accounts that they deposit make portion deposit but that they not checks against after the banking day lifted. inWashington before time for Clearing banks open business The Clearing House of certificate for use as

3. March 12, 1933 Evening Star Washington, DC
Article from Evening Star, March 12, 1933

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Article Text

BOSTON BANKS GET FLOOD OF CHECKS Thousands Dated During and Prior to Holiday Proclamations Are Received. By the Associated Press. BOSTON, March 11.-Banks of Boston, still functioning under the holiday banking restrictions, today received thousands of checks dated during and prior to the proclamations relative to the suspension of business by all banks. Acting under a notice issued by the Boston Clearing House Association, the banks undertook to clear up much of the work entailed in handling the checks in an effort to have as much as possible of it accomplished before the opening of some banks for regular business next week. The Federal Reserve Bank of Boston received hundreds of applications from banks in the first Federal Reserve district (New England) seeking licenses to open and resume business. Also many non-member banks have expressed a desire to join the reserve system. It was expected that non-member banks would be permitted to draw money through member banks by posting proper security. Boston banks continued the release of pay rolls and necessities-of-life funds in small amounts. The Federal Reserve Bank announced yesterday's receipts as $1,272,659 in gold coins and $849,060 in gold certificates.