2102. North Capitol Savings Bank (Washington, DC)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
July 14, 1932
Location
Washington, District of Columbia (38.895, -77.036)

Metadata

Model
gpt-5-mini
Short Digest
43bc78fa

Response Measures

None

Description

The North Capitol Savings Bank was closed/suspended by the Comptroller in mid-July 1932 (articles indicate July 14, 1932). There is no clear contemporaneous article describing a depositor run on this specific bank; closures are attributed to insolvency and Comptroller action. The bank thereafter remained in receivership (receiver appointed) and paid dividends to depositors over ensuing years. Dates corrected/standardized from newspaper text (closure mid-July 1932; receivership notices and dividend payments follow in 1932-1938).

Events (13)
1. July 14, 1932 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Closed by the Comptroller due to insolvency/financial failure (insolvency cited in contemporaneous reporting).
Newspaper Excerpt
The Comptroller of the Currency closed the North Capitol Savings Bank ... The North Capitol Savings Bank ... closed yesterday.
Source
newspapers
2. August 25, 1932 Receivership
Newspaper Excerpt
Notice went out which announced the North Capitol was receiving a receiver August 25. three months since depositors have been receiving their claims. receiver August 25 was dated ... to file their claims. (OCR text indicates receiver notice dated August 25.)
Source
newspapers
3. January 27, 1933 Other
Newspaper Excerpt
The North Capitol Savings Bank received $80,000 from the [RFC] ... the North Capitol Savings has repaid all but $15,826, according to the report.
Source
newspapers
4. April 29, 1933 Other
Newspaper Excerpt
The North Capitol Savings Bank will pay its first dividend of $125,000. Payment of the first dividends to depositors of the closed North Capitol Savings Bank ... are to be made beginning Monday ... which closed its doors last July 14.
Source
newspapers
5. May 1, 1933 Other
Newspaper Excerpt
The North Capitol Savings Bank ... will begin paying out $125,000, which on first [dividend] since the bank closed. About 6,000 depositors will share.
Source
newspapers
6. October 31, 1933 Other
Newspaper Excerpt
John S. Bryan, receiver for the North Capitol Savings Bank, filed suit ... to recover $1,511 ... allegedly withdrawn one day before the bank closed.
Source
newspapers
7. November 7, 1933 Other
Newspaper Excerpt
John T. Bryan, receiver for the North Capitol Savings Bank, filed suit ... to recover $6,893 ... withdrawn the day before it was closed.
Source
newspapers
8. December 11, 1933 Other
Newspaper Excerpt
Receiver Bryan Sues Harper for $1,500 ... suit brought against Col. Robert N. Harper by John S. Bryan, receiver for the North Capitol Savings Bank.
Source
newspapers
9. February 13, 1934 Other
Newspaper Excerpt
The Home Owners' Loan Corporation ... communications to banks in hands of receivers or conservators ... included the North Capitol Savings Bank (listed among closed banks).
Source
newspapers
10. September 15, 1934 Other
Newspaper Excerpt
Liquidation matters of the North Capitol Savings Bank ... records moved to the Park Savings Bank ... affairs will be transacted there.
Source
newspapers
11. February 25, 1935 Other
Newspaper Excerpt
John F. Moran, receiver for the closed North Capitol Savings Bank, ... (court case mentioning the closed bank and receiver).
Source
newspapers
12. December 16, 1937 Other
Newspaper Excerpt
Payment ... a third dividend amounting to 6.25 per cent to creditors ... this receivership already has paid dividends of 25 per cent, total payments now aggregate 31.25 per cent.
Source
newspapers
13. March 7, 1938 Other
Newspaper Excerpt
Receiver John F. Moran ... moved offices ... Moran is receiver also for the Departmental Bank, North Capitol Savings Bank and Prudential Bank.
Source
newspapers

Newspaper Articles (20)
1. July 15, 1932 Times Herald Washington, DC
Article from Times Herald, July 15, 1932

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Article Text

The Departmental 1726 Pennsylvania Ave., has suspended operations, bringing the total to four local institutions which have closed their doors in two days. Notice of the Departmental Bank's given by the board of directors in a statement, which said: "This action was wholly voluntary on the part bank, and was taken purely precautionary measure, in view of the recent closing of several local banking W. M. Taylor, bank examiner, is in charge the institution. The North Capitol Savings Bank, the International Exchange Bank closed yesterday, and the Bank of Brightwood. Wednesday.

2. July 15, 1932 The Washington Times Washington, DC
Article from The Washington Times, July 15, 1932

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Article Text

DEPARTMENTAL BANK CLOSED The Departmental Bank, 1726 Pennsylvania Ave., has suspended operations, bringing the total to four local institutions which have closed their doors in two days. Notice of the Departmental Bank's suspension was given by the board of directors in a statement, which said: "This action was wholly voluntary on the part of the bank, and was taken purely as a precautionary measure, in view of the recent closing of several local banking concerns." W. M. Taylor, bank examiner, is in charge of the institution. The North Capitol Savings Bank, the International Exchange Bank closed yesterday, and the Bank of Brightwood, Wednesday.

3. July 23, 1932 New Journal and Guide Norfolk, VA
Article from New Journal and Guide, July 23, 1932

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$5,000 DEPOSIT HELPS BANK TO WEATHER STORM Prudential In D. C. Is Victim Of Store's Scare WASHINGTON, D. C.-While bank examiner kept watch ready at any minute close the institution, the Prudential Bank, 715 Florida Avenue, northwest, weathered twoday run on it last Friday and Saturday and resumed business as usual Monday morning. The run was stemmed after every resource and minute speakers were called into action to persuade depositors not to withdraw their funds. From every pulpit in the city Sunday an appeal was made against continuation of the run. Meanwhile officers and directors of the bank were conference working out plans for keeping the bank open. Deposits $5,000 At the most critical moment Saturday, Mortimer M. Harris, an attorney, climbed into chair and announced to the crowd in the bank that E. A. Clements would make a deposit of $5,000. Clements left the bank hurriedly. Finally he came back and brought with him a stack of bills totaling $5,000. He handed them to John R. Hawkins, president of the bank, with the declaration, "That's what think of Prudential!' The crowd burst into cheers. Some withdrew from the lines. The run began Friday following the closing of four white banks here. Collateral totaling more than $20,000 was hypothecated at other banks to meet the demands of depositors. Depositors Quieted Officers of the bank asked depositors to attend a meeting at Mt. Carmel Baptist Church Friday night. Pledges agreeing not to withdraw more than 10 per cent of their deposits in the next 30 days, signed that night and the next morning reached the figure of $101,000. When the bank reopened Saturday morning the run was continued. Officers and supporters of the institution appealed to the crowd not to wreck the institution by withdrawing all their funds. Speaker ,after speaker mounted chairs and addressed the crowd. Other officers and supporters sought signatures to pledges. The bank invoked the rule against member of the national staff and later financial secretary of Shaw University, was called to the secretaryship at Houston, Texas, succeeding Gilbert T. Stocks, who resigned. Mr. Craver is graduate of Shaw University and the University of Chicago. He served many years the student work of the National Council. the withdrawal of savings funds without 30 days' notice. Some who sought to withdraw their funds from checking accounts were dissuaded by officers from doing so. Other depositors added to their deposits. Cause of Run Ira L. Chorpening, chief national bank examiner, looked on as the depositors staged their run, prepared to close the bank if the tide ran against those who were struggling to keep the institution open. The refusal of a down town department store accept check on he bank was given by officers as the cause for the run on the Prudential. Other banks, all white, wtre having trouble simultaneously. The Comptroller of the Currency close the bank was given by officers as Raymond L. Schreiner, president, was arrested and charged with larceny in connection with an alleged shortage of $59,700 in the accounts. The next day the Comptroller of the Currency closed the North Capitol Savings Bank, in which there were large number of colored depositors, and the International Exchange Bank because of insolvency. The Departmental Bank voluntarily close its doors. At the same time the run was being made against the Prudential there were runs against the Northeast Savings Bank and the Mount Vernon Savings Bank. A truckload of cash was delivered to the Northeast Savings Bank by the Treasury Department. The run on it by the similarity of with the North Capitol Savings Bank, which is located in the same neighborhood. The Mount Vernon Savings Bank last Saturday night offered $500 reward "for information leading to the arrest and conviction of the person or persons spreading damaging rumors concerning the Mount Vernon Savings Bank. Industrial Bank Open the Associated Negro Press deadline is reached the Industrial State Bank of which W. H. P. Brown is president, is open and doing business as usual.

4. August 27, 1932 Evening Star Washington, DC
Article from Evening Star, August 27, 1932

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RAILWAY COMPANY DEFICIT REPORTED W. R. & E. Reveals Revenue Month Drop of $5,039 for of July. Co. Electric Washington it Railway of 039.50 & to its for report the as month shows to the a of Public to July, a net Utility according income of off from for compared Operating July last year. revenues July 1931 fell to expenses 014.51 same $389.501 89,501.31 for while operating during the for taxes to first in and this from July, $336.077.92 ropped for $295,464.92 seven period income report Net dropped $959,357.48 from in 1932. revenue the $2,867,- fell off shows, the same months 1931 to while operating period from during to $2,433,85 15. Report. reported 476.80 Potomac Power commission mission Electric Company Power a decrease in Co. July drop in 1931 net of to $774.01. to to income the from July $335,143. this revenue year, a fell off this by $334,369 09 Operating $872,374.07 in July $12,675.17 $2,638.96 decreased by of this reve- year year. Net income seven months operatir for the the first 60, while 2,637.67 for $2,647.76 763 $6,449, to gained of 1931 to of this seven nue months from seven months future is reflected year. by for the first for the of business With Optimism the week! & Co. review out ending today. and close, the in R. G. Dun period to a of the season "the year is the exSummer reviev vacation says. drawing of the beginning impetus ement to the the few months further improvement last pected to give of justments trade already from the momentum helpful ad and aside sentiment been prove under seasonal Many accomplished upturn weeks should gains better already substantis constructive in uni has of recent making iniform the and assumed way more betterment now with no revival, particular exThe trend, the East the genarea cept that -wide a somewhat in the for the are lagging quickened stride. of buying on reeral The first flurry drawn largely for girls' season has of yard coats. goods school apparel "The new tinues the and helped Fall tailers and other iresses, stocks review. shoes, access women's cessories, millinery apparel show- con- by in ings of attention, cooler a gradattracted men's ratively being been weather comparative has in the sale an dry the some ual increase each week record of dethe cities. goods, this over month the showing better of approvement There is a with Jeather prospect. improvement mand week for footwear.com continuing and, upward Well higher admerquotations prices are of in late Summer are addshoe vertised sales including furniture. volume. Rechandise. to the current have been success- goods, ing tailers, further generally, stocks of will Summer be smaller so that The in reducing better grades than is retailers are ful of merchan erchandise usual. the carry-over shift becoming to more first of pro- with sea- the and some will be the offer, nearly success, wearing style opinion nounced son in that of this three years unusual to apparel any degree quality and have been entirely a the narket are increased for that goods combining hoppers. appeal. of now returning the and require- during show price out this willingness period to pay meet their ments. Co. Ohio B. & O. Report. Railroad railBaltimore & in $2,871,064 net July, 1931, 229,478. way reported eporatine The today a to decrease from for July, $15, for 1932, a drop of also dropped seven months from of Net income first first seven months Savings 1931 253,750 to of for $10,683.75 1932, the 758 a falling for the off of $4,574, Bank, was now claims 992 The North closed Capitol some time from ago, deposi- is S. John receiving which it was proof announced of Notice went by out which to deBryan, tors, receiver August 25. three from months has positors dated depositors have The bank ever since been it was closed. time to file the receiving their claims. payments on notes Encouraging Signs. situbusiness the Reviewing the the standpoint general of viewpoints, both ation from and unlavorable Co. 'tangible of the favorable Standard first Statistics the folowing nature York lists of an encouraging banking measured condition by signs Much improved of decline sustained as higher slackening of business; prices; enhanced optimism volume of commodity power; genuine strength farmer levels buying markets: persistent some improvein in Insecurities the bond employment market in certain favorable indus- outment tries in and in Europe; localities; reversal of the outward may be look gold movement. side there unemp On the huge adverse total of slightly but not A lessened future adjustwhich cited: may be the near of a topeliminated yet to in be made which because may zations, neces- reheavy ments some debt structure further wiping reorganizar out consider- of equisitate ceiverships and prospects the for any burdenthan ties: lack of of foreign threaten trade; to grow able some pick-up taxes shrink: which lack of general consumer rather buying power.

5. October 22, 1932 The Washington Times Washington, DC
Article from The Washington Times, October 22, 1932

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CITIZENS STUDY CIRCLE CHANGE Because several accidents have occurred at Truxton Circle, the North Capitol Street Citizens Association at its Monday night meeting will consider a resolution seeking authorization for the Washington Railway & Electric Co., to run its street cars straight through the circle. The resolution, in the form of a request to Lieut. Col. U. S. Grant 3d, director of public buildings and grounds, asks him to permit the car company to make the change and to order removal of the fountain and benches at the Circle, The association will also consider steps to replenish its treasury made necessary by closing of the North Capitol Savings Bank where $400 of its funds was deposited. Will P. Kennedy. president of the association, will preside at the meeting, which starts at 8 p. m. in McKinley High School Auditorium.

6. January 27, 1933 The Washington Herald Washington, DC
Article from The Washington Herald, January 27, 1933

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REVEALS LOANS Total of $198,000 Borrowed by International Exchange and North Capitol Firms Two closed Washington banks revealed yesterday to have obtained from the Reconstruction Finance Corporation loans totaling between them in the five-month period before they sus pended operations. The figures were made public when the complied with the congressional demand that it disclose its loans for the initial five-month period. $118,000 TO ONE Of the two local banks which sought Government funds in forts to forestall suspension, the International Exchange Bank rowed the largest sum. a total of $118,000. The North Capitol Savings Bank received $80,000 from the The International Exchange Bank still owes the Government corporation $85,354, while the North Capitol Savings has repaid all but $15,826, according to the report. Explanation was sought at the office of the Comptroller of the Currency yesterday as to why the banks were suspended while still owing money to the It was explained the Comptroller's office and the R. operate as separate agencies and that is possible for loans to be made by the latter agency even day or two before bank closes, without consulting the Comptrol All the asks, it explained. adequate security receiving this does not quire detailed figures on the bank's solvency. R. C. COMES FIRST The loans from the must repaid by the borrow. ing institutions before their remaining assets are distributed to depositors or noteholders as the R. C loans are covered by ade quate collateral in each case. In further explanation of the R. loans. official said "Request for loan from the R. by legal security is sufficient warrant for the loan and the Comptroller not consulted before the loan made. Even where bank may in more or less difficult position such loan upon proper security may be the means of saving situation and permitting the bank to continue open. It may also stop run on bank but not liq condition." American and Be

7. February 10, 1933 Evening Star Washington, DC
Article from Evening Star, February 10, 1933

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TWO MORE BANKS TO PAY DEPOSITORS Departmental and Brightwood Institutions Paying Out $375,000. While depositors crowded into two suspended Washington banks today to collect the first payment on their claims. Acting Controller of the Currency F. G. Awalt announced two other defunct local banks would issue payments as soon as money in hand permits. The Departmental Bank, 1726 Pennsylvania avenue, and the Bank of Brightwood, Georgia and Colorado avenues, are paying approximately 7,500 depositors a total of $375,000. Two Other Institutions. The International Exchange Bank, Fifth and H streets, and the North Capitol Savings Bank, at H and North Capitol streets, are the two institutions which Awalt said would make an initial payment on approved claims as soon as enough money is collected. All four banks closed last July. The doors of both the Departmental and Brightwood banks were opened this morning at 8:30 o'clock to distribute checks to depositors. Approximately $220,000 is being paid to 3,444 depositors in the Departmental Bank, while the Brightwood institution is distributing checks totaling $155,000 to about 4,000. To Be Open at Night. To expedite distribution of the money, the Departmental Bank will remain open tonight and tomorrow night until 9 o'clock, resuming the regular hours of from 8:30 to 5 beginning Monday. The Bank of Brightwood will be open until 5 o'clock tonight and all day tomorrow until 5. A steady line of men and women filed into both banks throughout this morning, able to draw money for the first time since the institutions closed last July. At the Departmental depositors were being paid 30 per cent of their claims, while at Brightwood 20 per cent was being paid. Additional payments will be made by both banks as liquidation progresses and cash in hand permits, it was said by officials.

8. April 29, 1933 The Washington Times Washington, DC
Article from The Washington Times, April 29, 1933

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FREES PLAN $285,000 TO LOCAL PATRONS Departmental and North Capitol Ready to Release "Frozen" Accounts Dividends amounting to $285,000 will be paid out Monday by the Departmental Bank and the North Capitol Savings Bank, both closed institutions. The Departmental Bank will pay its second dividend. This time the amount will be $160,000 or about 20 per cent, W. B. Allman, receiver stated. The North Capitol Savings Bank will pay its first dividend of $125,000. To Stay Open Late The Departmental Bank. Allman said,will be open for the convenience of Government workers from 8:30 a. m. to 9 p. m., Monday, Tuesday and Wednesday. Persons unable to call at the bank these days will be able to collect their checks during the regular business hours. About 4.000 checks will be paid out, Allman said. The second dividend payment brings the total paid back to depositors to about $400,000. When the bank suspended the book value of assets was $1,100,000. Payment of the first dividends to of the depositors closed North Capitol Savings Bank, amounting to $125,000, or 12 1/2 per cent, are to be made beginning Monday at 9 a. m.. John S. Ryan, receiver, announced today. 6,000 Checks Ready Six thousand checks are ready for distribution to depostiors of the bank, which closed its dcors last July 14. Regular banking hours are to be observed and only those persons living out of the city will be able to get their dividend checks by mail. All others will be required to call at the bank and sign receipts for the money, Ryan said. As added funds are accumulated from liquidation of the bank's assets further dividends will be declared when the sums have reached sufficient size, he said.

9. May 1, 1933 The Washington Herald Washington, DC
Article from The Washington Herald, May 1, 1933

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PAYMENT SOON Departmental and North Capitol Savings Savings to Distribute Part of Liquid Assets Two Washington banks, closed before the Roosevelt bank holiday, will begin paying depositors part of their savings today. They are the Departmental Bank and the North Capitol Sevings Bank, the receivers of which, through process of liquidation, gradually have been liquidating the assets. 20 PER CENT DIVIDEND The Departmental Bank, which has been the hands Receiver W. Allman, will pay 20 per cent dividend on deposits. This will amount to about $160,000. will be the second dividend paid on deposits by the Departmental, 30 per cent distribution been made last February. That released Thus with the dividend now about to paid, the Departmental will have turned back to depositors per cent of their deposits, About 4,000 depositors will receive dividend checks. These will be distributed from 8:30 to o'clock morning, and in the same period tomorrow day mornings. Those failing them at that time may call during regular business hours thereafter. The North Capitol Savings Bank, which being liquidated Receiver John S. Ryan, today will begin paying out $125,000, which on first since the bank closed. About 6,000 depositors will share. NEW DIVIDEND DUE The Bank of Brightwood now being by Receiver Claude H. Woodward. expected pay within two weeks dividend 25 per cent on deposits, which will mean the releasing of about This will bring the total of dividend to 45 per cent, 20 per cent dividend having been paid in February. Meanwhile, the thousands of positors whose money became tied when 13 banks failed open after Roosevelt holiday, are anxiously awaiting some word the Treasury Department. In the banking world. all signs point to huge merger

10. October 31, 1933 Evening Star Washington, DC
Article from Evening Star, October 31, 1933

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SUES BANK DIRECTOR North Capitol Savings Receiver Seeks Recovery of $1,511. John S. Bryan. receiver for the North Capitol Savings Bank, filed suit in District Supreme Court yesterday to recover $1,511 from Charles B. Stewart, a director of the bank, who allegedly withdrew the money one day before the bank closed. The suit, filed through Attorney Frances Hill, jr., alleges this withdrawal constituted unlawful preference in favor of the director.

11. November 7, 1933 Evening Star Washington, DC
Article from Evening Star, November 7, 1933

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RECEIVER FILES SUIT John T. Bryan, receiver for the North Capitol Savings Bank, filed suit in District Supreme Court yesterday to recover $6,893 which R. R. Ralph, a director of the bank, allegedly withdrew the day before it was closed. Ralph was an official of the Ralph Oil Co., and the money is said to have been in the company's account. The suit was filed through Attorneys Hill, Ross & Hill.

12. November 7, 1933 The Washington Times Washington, DC
Article from The Washington Times, November 7, 1933

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# Recovery of $6,893 # Sought of Director Recovery of $6,893 withdrawn from the North Capitol Savings Bank two days before it closed is sought in a suit filed yesterday at District Supreme Court by John T. Bryan, the bank's receiver, against the Ralph Oil Co. Bryan complained that R. R. Ralph, treasurer and director of the oil company, was also a director of the bank and withdrew the money in violation of the duty he owed the bank and its depositors.

13. December 11, 1933 The Washington Times Washington, DC
Article from The Washington Times, December 11, 1933

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Receiver Bryan Sues Harper for $1,500 Suit for $1,500 was brought against Col. Robert N. Harper, Washington banker, by John S. Bryan, receiver for the North Capitol Savings Bank, in District Supreme Court today. hTe suit charges that Colonel Harper owns 200 shares of stock in the defunct bank, and that he paid out $500 of a 100 per cent assessment levied against the stockholders in November last year. The sum named in the suit represents the balance of the assessment due.

14. February 13, 1934 Evening Star Washington, DC
Article from Evening Star, February 13, 1934

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H.O.L. C. OUTLINES MORTGAGE POLICY To Refund All Eligible Funds Held by Receivers or Conservators. The District office of the Home Owners' Loan Corporation is in the process of refunding all eligible mortgages held in financial institutions in hands of receivers or conservators, in accordance with a policy announced last month by the Board of Directors of the Home Owners' Loan Corporation. In communications to those banks and financial houses as yet unopened in the District, Paul J. Frizzell, manager of the H. O. L. C. here, during the last week has requested each of them to furnish him with applications from every home owner in Washington whose mortgage is in such ownership. To Liquidate Assets. The action is being taken, Frizzell explained, to liquidate such assets as quickly as possible for the benefit of depositors in these institutions, and also to provide home owners whose mortgages are in such a category with permanent financing and remove from them the fear of having their mortgages called at maturity. It is estimated that more than 760 of such mortgages are held in closed banks here, having a total value in excess of $2,000,000. Frizzell's office has sent out communications to 19 banks either in the hands of conservators or receivers. He has asked them to either have the home owners whose mortgages they hold to file an application with the H.O.L.C., or that the banks furnish him with the names of the home owners so that his office may solicit the applications. Communciations Sent Out. The communication went out to the Franklin National Bank, Federal American National Bank & Trust Co., District National Bank, Potomac Savings Bank, Washington Savings Bank, Northeast Savings Bank, WoodridgeLangdon Saving & Commercial Bank, United States Savings Bank, Seventh Street Savings Bank, Mount Vernon Savings Bank, Industrial Savings Bank, Park Savings Bank, Chevy Chase Savings Bank, the Departmental Bank, Bank of Brightwood, International Exchange Bank, North Capitol Savings Bank, Continental Trust Co. and Commercial National Bank. Seven of the above named banks opened as members of the Hamilton National Bank merger, and the Chevy Chase Savings Bank is now a branch of Riggs National Bank.

15. September 15, 1934 The Washington Times Washington, DC
Article from The Washington Times, September 15, 1934

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Liquidation Work To Shift Monday This is the last day on which liquidation matters of the North Capitol Savings Bank and the Continental Trust Company, will he handled from the two institutions. Receiver John F. Moran announced yesterday records of the two banks have been moved to the Park Savings Bank at Fourteenth and Kenyon Streets, and beginning Monday affairs will be transacted there.

16. February 25, 1935 Evening Star Washington, DC
Article from Evening Star, February 25, 1935

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RECEIVER IS DENIED LIEN ON U. S. FUND Money Due by Government to Contractor Involved in Court of Appeals Case. The District Court of Appeals today denied the right of John F. Moran, receiver for the closed North Capitol Savings Bank, to set up a prior lien for $3,000 against money due by the Government to a contractor, also in receivership, and claimed by the contractor's surety. The lower court had held that the surety company-Guardian Casualty Company-which had paid out claims against the contractor 'amounting to $6,077.48, had precedence in pressing its own right to recover the fund owed by the Government, amounting to $4,068.05. The contractor was the Maryland Montgomery Co., engaged on work in the Anacostia River, which the court's opinion set out, it did not complete. The $3,800 represented loans to the company. The bank was represented by John Philip Hill and Francis W. Hill, jr., and the Casualty Co. by Col. Edward S. Bailey.

17. June 2, 1936 The Washington Times Washington, DC
Article from The Washington Times, June 2, 1936

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was taken from his private room and permitted to relax in a larger room with a number of other patients. Zioncheck said he knew of Mrs. Zioncheck's visit to the hospital but that he had not been permitted to see her. This put an end to a rumor that the two had talked together for half an hour. Psychiatrists will begin their examinations of Zioncheck today, but it will be at least another day before definite statements as to his condition can be made, Dr. Edgar A. Bocock, superintendent, said. John F. Moran, receiver of the North Capitol Savings Bank, owner of the Harvard Hall apartments, said today the bank is "marking time" until Zioncheck's status is determined by the psychiatrists. The bank, he said, does not want to be in the position of seeking to dispossess a person incapable of looking out for himself.

18. December 16, 1937 Evening Star Washington, DC
Article from Evening Star, December 16, 1937

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2 CLOSED BANKS WILL PAY $96,000 North Capitol Savings and Departmental to Give Dividends Soon. Payment, probably before Christmas, of about $96,000 in additional dividends to depositors of two closed banks-North Capitol Savings Bank and the Departmental Bank-was authorized today by Controller of the Currency J. F. T. O'Connor. In making formal announcement the controller said "actual distribution to creditors of dividend funds involved will be made as soon as possible, although due to the time required for preparation of dividend checks the exact date of distribution cannot be stated at this time." The receiver of both banks, John F. Moran, whose offices are in the old closed Park Savings Bank on Fourteenth street N.W., was authorized by the controller to proceed with payment. In the North Capitol Savings Bank there will be a third dividend amounting to 6.25 per cent to creditors. This dividend will effect a distribution of $57,700 to 5,857 claimants. As this receivership already has paid dividends of 25 per cent, the total payments will now aggregate 31.25 per cent. Depositors of this bank have filed claim against the institution for a total of $940,000. Receiver Moran will pay to depositors of the Departmental Bank a sixth dividend of 5 per cent. This will amount to $38,600 to 4,029 claimants who have proved claims aggregating $772,000. As this receivership has paid dividends of 30 per cent already, the Christmas dividend will bring the total up to 35 per cent. Controller O'Connor explained that Receiver Moran will announce later by publication or by postal card the exact date when dividend checks will be made available. "In the meantime," said Mr. O'Connor in his statement, "it is requested that depositors of the banks involved do not communicate with Receiver Moran by phone or otherwise concern(See BANKS, Page A-3.)

19. December 16, 1937 The Washington Times Washington, DC
Article from The Washington Times, December 16, 1937

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CLOSED BANKS TO CHEER 10,000 Happy news for almost 10,000 depositors in two closed Washington banks another dividend was authorized today by Comptroller of the Currency J. F. T. O'Connor. Some 5,857 depositors in the North Capitol Savings Bank will receive checks for 61/4 per cent of the claim. This is the third dividend to be paid, the total amount of which will be $57,700. For the 4,029 depositors in the Departmental Bank, a 5 per cent dividend, totalling $38,600, was authorized. This is the sixth dividend paid. John F. Moran, receiver for both banks, announced that word will be sent to the depositors shortly, telling them when the checks will be available.

20. March 7, 1938 Evening Star Washington, DC
Article from Evening Star, March 7, 1938

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Park Savings (Continued From First Page.) George A. Prevost, Maurice Schlosberg, J. Robert Sommerville, Warren W. Spencer, W. M. Wailes, George E. Walker, George W. White, C. C. Wineberger and William B. Todd. Oddly coinciding with the court decision was abandonment today of the old Park Savings Bank Building at Fourteenth and Kenyon streets N.W., which is to be torn down to make way for a gasoline filling station. Receiver John F. Moran of the Park Savings Bank, who had maintained offices in the old building also for three other closed institutions, moved out over the week end, and opened for business this morning in the Brightwood Bank Building at 5913 Georgia avenue N.W. The Park Bank Building has been sold to the Gulf Oil Corp. Mr. Moran is receiver also for the Departmental Bank. North Capitol Savings Bank and Prudential Bank. Another suit involving the Park Savings Bank is pending in the Court of Appeals against the Reconstruction Finance Corp. In this suit the depositors charge the R. F. C. made loans against assets of the Park bank which in reality were part of the trust estate belonging to depositors in the institution prior to the expiration of its charter in 1929. The R. F. C. is asked for an accounting. The Court of Appeals had postponed consideration of the claim against the R. F. C. until after the suit in which decision was announced today.