Citizens National Bank

Bank Information

Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 3135
Charter Number: 3135
Start Date: March 12, 1933
Location: Waco, Texas (31.549, -97.147)

Metadata

Model: gpt-5-mini
Short Digest: e42d21a1

Response Measures

None

Description

Article (Waco Tribune-Herald, 1933-03-12) discusses the recent banking moratorium/holiday and preparations for banks (including First National) to reopen. There is mention of heavy withdrawals and refusals, but no clear discrete depositor run preceding suspension; the suspension was the March 1933 moratorium (government action) and banks are reopening. Dates in article indicate reopening activity around March 12–13, 1933.

Events (4)

1. March 7, 1884 Chartered

Source: historical_nic

2. March 12, 1933 Other

Newspaper Excerpt: Bankers Prepared To Handle a Rush -- Extra Forces Gathered for Duty in the Waco Banks Doors Are Thrown Open / ... preparing statements ... Karl Sherman, cashier of the First National bank ... attend these matters ... thanked the public for the cooperation during the moratorium
Source: newspapers

3. March 13, 1933 Reopening

Newspaper Excerpt: the banks said they could estimate ... They said withdraw. and large for withdrawal have been refused. Persons want information about the bank opening ... are asked to telephone officers of the banks ... The First bank ... expect to ... reopen Tuesday/Monday March 13
Source: newspapers

4. * Suspension

Cause: Government Action
Cause Details: Banks were under a moratorium/banking holiday (state/federal orders) that suspended normal banking operations during the March 1933 banking crisis.
Newspaper Excerpt: the moratorium ... in the resumption banking life are The bankers ... Statements relative to the bank openings proceeded ... named by the Clearing House Saturday morning to attend these matters
Source: newspapers

Newspaper Articles (1)

1. March 12, 1933 Waco Tribune-Herald Waco, TX

Article from Waco Tribune-Herald, March 12, 1933

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Article Text

Bankers Prepared To Handle a Rush Extra Forces Gathered for Duty in the Waco Banks Doors Are Thrown Open CONTINUED FROM PAGE ONE however, want to bothered by sightseers and those are imand they also by customers have that urge that can be off few days, off. that customers refrain from calling up the banks on telephone to out what their balthe reply can be point out, the ledgers the of the and are issued checks the 12 they may ing before midnight per haps the following More Checks Than Usual the number of checks one bank somebig run as many and checks than usual more have been written every day during the moratorium, merchants the as amount whereexact ordinarily people and spend the some instead writing another change check. only restrictions on the national banks functions when they that cannot pay make any unusual foreign and deals withdrawals cash for not hoarding If attempted withdrawal an sum lead the banks that the plans heard in safe box withdraw from circulation the bankers the the purpose for which withdrawa made and this affadavit that not for the money will be paid Ordinary dently not hoarding usual will not purposes, The banks warned Saturday that these strictly quired and they pointed that making further hamper the they ask funds for such purposes Checking Up on Gold The Waco banks receipt Saturday from federal bank orders to report the eral reserve March the all gold certificates from banks by replaced the banks penalty for failure to replace the the hoarded and fine the amount of the gold leads the bankers to believe that considerable such will be replaced the banks Monday March 13 the last for withthe report of How much gold hoarded in this the banks said they could estimate They said withdraw. and large for withdrawal have been refused. Persons want information about the bank opening want information are asked to telephone officers of the banks, instead coming and adding to the crowds in the lobbies Preparing Statements Statements relative to the bank openings proceeded Saturday from C. B. Schuler, vice president of the Citizens National bank, and Karl Sherman, cashier of the First National bank, named by the Clearing House Saturday morning to attend these matters These two offi. cials also expressed the thanks of the Waco banks the public for the cooperation the public during the moratorium, pointing out that business, although conducted under difficulties, was nevertheof excitement they that the public conthis the chanical difficulties in the resumption banking life are The bankers serted that with such they can get the rush of necessary business out of the way and can proceed in more Merchants for days had been accepting checks signed cept the relatively few instances where cash was had about reached the end their rope the bankers believed. they thankful the channels regular money opened Many of them had accumulated great the banks had been allowed to vault on memorandum not on deposit in any sense. was ficult for the merchants put this by they have been doing Probably payroll cash was released by banks permitted under the and large tent relieved the imminent stagna due the wage ers buy The First bank Citizens National National City bank and State bank expect to the latter whatever striction imposed by the state If Shaw's withdrawal to five per cent continued the State bank that will not apply to the national banks TEXAS CITIES WHERE BANKS ON TUESDAY March list of clearing cities which to reopen Tuesday as treasury tonight included Worth Wichita Falls Port Arthur Abilene Corsicana In opening the new powered station Athlone President de Valera of the Irish State in Irish and English on the history of Ireland.