First National Bank (Omaha, NE)

Episode Information

Episode UID
20901599
Episode Type
Suspension โ†’ Reopening
Bank Type
national
Bank ID
2090 national
Charter Number
209
Start Date
March 6, 1933
Location
Omaha, Nebraska (41.259, -95.938)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
b5a40ad5ec36c5f8

Response Measures

None

Events (3)

1. January 20, 1864 Chartered
Source
historical_nic
2. March 6, 1933 Suspension
Cause
Government Action
Cause Details
Federal/state banking holiday and Treasury/Federal Reserve restrictions imposed during March 1933 emergency
Newspaper Excerpt
regulations laid down by Secretary of the Treasury Woodin ... reopening ... holiday
Source
newspapers
3. March 14, 1933 Reopening
Newspaper Excerpt
The Nebraska banks authorized open today ... First National, Omaha ... will be permitted to reopen today ... approved by Secretary the Treasury Woodin, and announced by federal reserve bank officials here, includes ... First National, Omaha.
Source
newspapers

Newspaper Articles (4)

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

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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

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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 The Banner-Press, March 30, 1933

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Abed Five Months, Nevertheless Has Carried On. Associated Press Dispatch Omaha Lincoin Neb. March generally have trouble enough legislatures when but Governor Charles Bryan of Nebraska has pushed his program from sick Elected governor for the third November, bed election night with cold and basn't able to his since: His has been missing from the capitol but not his influence From his bed where he took the oath of office he has kept in close touch with the legislature, submit ted embodying his pledges and through his political lieutenworked enactment his program: He sent his inaugural message the legislature few days after heart attack and submitted his budget recommendations earlier usual, When hundreds Nebraska farmers marched on the capitol, the sick governor directed arrangements to receive them the legislative chambers and duced bill for mora- torium mortgage foreclosures which was enacted promptly the banking situation to grow serious over the na Bryan had telephone stalled by his bed and on March ordered Nebraska banking day to protect the state's financial institutions From telephone, directed arrangements for notifying banks and started plans for their reopening bill giving him tatorial power over state banks for two years was rushed through the legislature his request with dissenting votes One of the most vigorous tests with the legislature came truck fees and regulations Governor Bryan pledged work for and increases weights but legislature An attempt by the governor the trucking question tied passengerfee reduction wantby the legislature Bryan withheld his signature separate passenger car the legislators also passed the sired trucking legislation Early the session he approve his recommendations for abolition of the party circle for ratification of the duck amendment, for revaluation estate year and several measures in line campaign Bills embodying all of his inaugural suggestions the house which early approved his plans for repeal of the intan gible tax law. repeal deficiency judgment law, reduction of legal interest rates. revision the ministrative departments under the governor and several other measures for reorganization government Although Bryan's third term, been the first had The Test of Loyalty. (Edgar Howard in Columbus Telegram.) the days since the birth of the an exhibition of intense the people now displayng toward President The home folks writing to interesting evidence of the loyal everybody Fremont high school boy writes follows: President Roosevelt could be ted king of America he should ask people The evidence loyalty to our new comes from charming lady in Tekamah. She writes as follows: "So strong and so wonderful the devotion of our to Presipeople dent Roosevelt that really lieve every one in Nebraska would instantly obey the president should issue proclamation calling upon the citizens to assemble given stated hour the public parks and stand on their heads for one full minute.' reckon these word pictures the loyalty of the home folks may just little overdrawn, but am ready to believe that president of the United States ever enjoyed in time of peace such stant and intense loyalty on part the people as in this hour idenced in every nook and corner the county in behalf of President Roosevelt


Article from Nebraska Legal News, February 3, 1934

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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.