National Metropolitan Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 1069
Charter Number: 1069
Start Date: May 14, 1884
Location: Washington, District of Columbia (38.895, -77.036)

Metadata

Model: gpt-5-mini
Short Digest: 769daa9e

Response Measures

None

Description

Article (Evening Star, 1884-05-14) reports the suspension of the National Metropolitan Bank and that the Controller of the Currency ordered an examiner to take charge. No reopening or resumption is mentioned in the text. Because a federal examiner was directed to take charge (government intervention) and no run on this specific bank is described, I classify this as a suspension with government action and presumed permanent closure in this article.

Events (2)

1. April 27, 1865 Chartered

Source: historical_nic

2. May 14, 1884 Suspension

Cause: Government Action
Cause Details: Controller of the Currency received notice of the suspension and directed Examiner Scriba to take charge (federal intervention/receiver oversight).
Newspaper Excerpt: The controller subsequently received information of the suspension of the National Metropolitan Bank. He at once directed Examiner Scriba to take charge until further orders
Source: newspapers

Newspaper Articles (1)

1. May 14, 1884 Evening Star Washington, DC

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Article Text

POSTSCRIPT. NO PANIC LIKE THAT OF 1873. THE BANKS OF THE COUNTRY SOUND. REASSURING VIEW OF CONTROLLER CANNON. At the Treasury Department. The controller of the currency telegraphed this morning to Examiner Scriba to look after the Second National bank, which was reported to be failing, and received the following reply "A run on the Second National bank; have secured guarantees for all deficiencies, and money will be supplied to the bank until run ceases. Capital is intact, with a small surplus. Particulars by mail." The controller subsequently received information of the suspension of the National Metropolitan Bank. He at once directed Examiner Scriba to take charge until further orders, and ordered Mr. L. B. Curtis to New York to assist him. Mr. G. J. Hobart and Henry Anderson were also ordered to New York, subject to instructions. In reference to the condition of the banks of the country at large, the controller saysthat they seem to be in an exceptionally strong condition; that most of them are enjoying unusually large resources; that the condition of affairs Is entirely different from 1878, and that he does not think that a general panic similar to that of 1873 is possible. Hotchkiss & Burnham Suspend. WALL STREET, 2:50 p. m.-Hotchkiss & Burnham have just announced their suspension in the stock exchange.