Hummelstown National Bank (Hummelstown, PA)

Episode Information

Episode Type
Suspension → Reopening
Start Date
March 4, 1933
Location
Hummelstown, Pennsylvania (40.265, -76.708)
Bank Type
national
Charter Number
2822

Metadata

Events (3)

1. November 22, 1882 Chartered
Source
historical_nic
2. March 4, 1933 Suspension
Cause
Government Action
Cause Details
Governor Pinchot proclaimed a mandatory two-day bank holiday for all Pennsylvania banks following statewide/federal developments.
Newspaper Excerpt
I hereby declare a bank holiday throughout Pennsylvania on Saturday, March 4, 1933, and Monday, March 6, 1933.
Source
newspapers
3. March 15, 1933 Reopening
Newspaper Excerpt
HUMMELSTOWN, Hummelstown National ... OF STATE BANKS REOPENING TODAY / From First Page Continued ... Hummelstown National
Source
newspapers

Newspaper Articles (4)

Article from Evening Star, March 4, 1933

Click image to open full size in new tab

Article Text

EARLY U. S. ACTION PLANNED ON BANKS

New York and Illinois Declare Holidays—Only Four States Unrestricted.

Connecticut took similar action, bringing to 43 the list of States in which restrictions on withdrawals are operative in some form or another.

Only Montana, Colorado, North Dakota and South Carolina remained without restrictions at noon today. Delaware's banks were open, but the State Legislature has already taken emergency action.

These developments had brought from Representative Rainey, the next Speaker of the House, the prediction that "an extra session of Congress will be called at the earliest possible time." He said he felt that early next week, possibly Tuesday, would not be too soon. Previously Rainey had told House members-elect to remain in Washington. Others at the Capitol said the session probably would begin Wednesday.

The Federal Reserve Bank of New York was closed with all other banking institutions of that State. The Federal Reserve Bank at Philadelphia also closed, under a holiday declared throughout Pennsylvania by Gov. Pinchot. Later in the day the Minneapolis Federal Reserve Bank suspended business.

The closing of the New York Federal Reserve Bank meant the tying up of its huge gold reserve for the period of the holiday against withdrawal by either domestic or foreign agencies.

In discussing the banking relief program, Senator Robinson said:

"We do not know just when it will be completed, but it will be expedited all possible. The details can not be announced right now but you may be assured there will be no delay."

Wagner Plans Action.

Previously Senator Wagner, Democrat, of New York, had told newspaper men he would carry immediately to Democratic leaders an appeal for immediate emergency banking moves. Informed at his hotel here of banking moratoria in New York and Illinois, Wagner said he would appeal this morning to Democratic leaders to begin working out a program and some time this afternoon would call on Mr. Roosevelt with the same objective.

A bank holiday, he said, "is the only thing to do" to meet the emergency of the banks themselves, but he added quick steps are necessary to enable them to reopen and continue operations.

Harvey Couch, Democratic member of the Reconstruction Finance Corporation, was the first White House caller this morning. He said after a brief conference with President Hoover he had discussed "matters incident to the banking situation," but declined to give details.

Couch conferred last night with President-elect Roosevelt.

Officials in Conferences.

High officials both of the outgoing Republican and incoming Democratic administrations were in conference most of the night. Secretary of the Treasury Mills said afterward the Hoover administration would have no statement, but that governors of the Federal Reserve banks in Chicago and New York would have announcements.

Demands Impossible.

The hours between midnight and dawn saw banking officials in many States struggling with the problem, made acute by the flurrying of nervousness on the part of depositors.

As a statement by the New York Clearing House Committee put it:

"The unthinking attempt of the public to convert over $40,000,000,000 of deposits into currency at one time is, on its face, impossible."

The statement added that the condition clearing house banks is such that "they could, through the facilities of the Federal Reserve Bank, pay on demand every dollar of their deposits," but that withdrawals throughout the country as a whole have increased so that a "halt" is necessary "to enable the proper authorities to consider and adopt remedies to meet this situation, not for New York primarily, but for the Nation as a whole."

Only a few States remained today in which restrictions on withdrawals had not been invoked.

No Holiday in Virginia.

In Virginia, Gov. Pollard said no general banking holidays would be declared because the State's laws already protect the banks and their depositors.

In Maryland, the General Assembly early today approved the emergency banking legislation without a dissenting vote in either House. Gov. Ritchie signed it this morning, but said that the banking institutions of the State will not reopen Monday.

The resources of the Reconstruction Finance Corporation earlier had been made available to hard-pressed, but solvent banks in States that have imposed moratoria on withdrawals.

This was one of a number of developments yesterday that included introduction of legislation to allow postal savings checking accounts and to confer upon the incoming administration sweeping authority to maintain the security of deposits.

Reconstruction Corporation officials said their policy called for lending institutions—if the loans were well secured—enough money to pay the percentage of deposits that could be withdrawn, provided the banks did not have the funds immediately available.

It was emphasized this was not a new departure, but was simply the application of regulations decided upon for individual instances in the past to a situation spread into a number of States.

Pinchot's Statement.

Gov. Pinchot of Pennsylvania here for the inauguration issued the following statement:

"Because of the declaration of a bank holiday in New York, Illinois and most of the other States, similar action in Pennsylvania has become unavoidable.

"Were our banks to remain open, the demands upon them would impose an impossible burden.

"Therefore, upon specific recommendation of Gov. Norris of the Philadelphia Federal Reserve Bank, I hereby declare a bank holiday throughout Pennsylvania on Saturday, March 4, 1933, and Monday, March 6, 1933."

Exchange Statement.

A statement issued by the Governing Committee of the New York Stock Exchange said:

"The Governing Committee at a meeting held this morning in order to give full effect to the banking holiday declared by the Governor of the State of New York directed:

"First, that the exchange be closed during such holiday;

"Second, that members and firms registered on the exchange be prohibited from making any contracts for the purchase or sale or the borrowing or lending of any securities, and also from permitting their offices or facilities to be used for the purpose of making or carrying out any such contracts;

"Third, that all deliveries be suspended on all member contracts, except on such contracts as may be cleared by or settled through the Stock Clearing Corporation, and that in such cases deliveries shall be made as the Stock Clearing Corporation shall direct."


Article Text

GOVERNOR ORDERS TWO-DAY HOLIDAY FOR STATE BANKS

By International Nows Service. PHILADELPHIA, March 4.-Governor Gifford Pinchot. from his temporary residence at Washington, D. C., today proclaimed mandatory twoday hollday for all Pennsylvania banks. The proclamation issued at 8:30 this morning through Dr. William D. Gordon, State Secretary of Banking, directs all banks in the Commonwealth to remain closed Saturday and Monday. George W. Norris, governor of the Federal Reserve Bank in Philadelphia at whose behest leading Philadelphia financiers assembled in the early Lours the morning to consider decisive action, said the step was made necessary by the growing list state bank holidays. Although it was believed Penneylvania banks could have remained open under the emergency legislation passed by the Legislature last Monday, of holidays by the governors of New York and Illinois and several other states early today precipitated the crisis, Norris explained. "Because of the declaration of bank holiday in New York, Illinois and other states similar action in Pennsylvania has become unavoidable," the Governor declared in his "Were our banks to remain open the demands on them would impose an impossible burden." "Therefore, on the specific recommendation of Governor George W. Norris of the Philadelphia Reserve Bank, hereby declare bank hollday throughout for Saturday, March 5, and Monday, March 6," the proclamation concluded.


Article Text

OF STATE BANKS REOPENING TODAY

From First Page Continued Dillsburg National DILLSBURG, Downingtown Bank National Valley National Path DRY Dry Run of Bank National Bank Dublin Duncannon NaDUNCANNON, Bank tional Peoples National DUNCANNON, Bank First National Bank DUNMORE Perkiomen GREENVILLE EAST Bank National CHUNK Citizens MAUCH EAST Bank National SMITHFIELD First NaEAST tional East EAST Stroudsburg National Bank First National Bank ELDRED First National Bank ELYSBURG First National ELIZABETHTOWN and Trust Co. Bank Pattison National ELKLAND

Bank Farmers National EPHRATA

Bank Farmers National EPHRATA

Bank First National Bank FAIRFIELD Fannettsburg FANNETTSBURG, National Bank Gettysburg NaGETTYSBURG, tional Bank First National

Bank Citizens National GREENCASTLE

Bank

Halifax National Bank First National HALLSTEAD,

Bank

Harleysville HARLEYSVILLE, National Bank Hatboro National HATBORO,

Bank

Hatfield National HATFIELD,

Bank Hershey National HERSHEY,

Bank

PARK, State Road HIGHLAND

National Bank Honesdale NationHONESDALE, Bank HOP BOTTOM, Hop Bottom Na- tional Bank

HOWARD. First National Bank HUGHESVILLE, First National Bank First National HUNTINGDON,

Bank.

HUMMELSTOWN, Hummelstown

National JERMYN, First National Bank JOHNSONBURG, Johnsonburg National Bank KINGSTON, First National Bank KNOXVILLE, First National Bank KUTZTOWN, Kutztown National Bank LANGHORNE, Peoples National

Bank LANSDALE, First National Bank LANSDOWNE, National Bank of Lansdowne Citizens National

Bank

LANSFORD, First National Bank LAWRENCEVILLE, First NationBank LEESPORT, First National Bank LEHIGHTON, First National

Bank

LEHIGHTON. Citizens National Bank and Trust Company LEMASTERS, Peoples National

Bank

LEOLA. Leola National Bank LE RAYSVILLE, First National

Bank LEWISBURG. Lewisburg NationBank LEWISBURG, Union National

Bank LEWISTOWN. Citizens National

Bank

LEWISTOWN. Mifflin County

National Bank LEWISTOWN, Russell National

Bank LITITZ, Farmers National Bank LITITZ, Lititz Springs National

Bank

LITTLESTOWN, Littlestown National Bank LIVERPOOL. First National Bank LOCK HAVEN. First National

Bank

LOGANTON. Loganton National Bank Luzerne National

Bank

MAHANOY CITY, Union Nation-

Bank

MALVERN, National Bank of Malvern MANHEIM. Keystone National

Bank

MANHEIM. Manheim National Bank

MARCUS HOOK. Marcus Hook National Bank MAUCH CHUNK, Mauch Chunk National Bank McCLURE. First National Bank McVEYTOWN, MoVeytown National Bank MECHANICSBURG. Second National Bank MEDIA. First National Bank MERCERSBURG, First National Bank MARIETTA, First National Bank MIDDLEBURG, First National Bank MIFFLIN, Peoples National Bank MIFFLINTOWN, First National Bank

MIFFLINTOWN. Juniata Valley National Bank MILLERSBURG, First National Bank MILLHEIM, MILDRED, First National Bank Farmers National Bank and Trust Co. MILLVILLE, First National Bank MILTON First Milton National Bank First National Bank MONTGOMERY Farmers Citizens National Bank MONTROSE First & Farmers NaMOUNT tional Bank Trust Co. JOY Union National Mount Joy Bank MOUNT JOY First National Bank Trust Co. MOSCOW First National Bank

MUNCY Citizens National Bank MYERSTOWN Myerstown Na. tional Bank NANTICOKE First National Bank NANTICOKE Miners National

Bank

NANTICOKE Nanticoke National

Bank NESQUEHONING First National Bank NEW ALBANY First National

Bank

NEW BLOOMFIELD First Na- tional Bank NEW CUMBERLAND New Cumberland National Bank NEWFOUNDLAND First National

Bank of Newfoundland NEW HOPE Solebury National

Bank NEW MILFORD Grange National Bank of Susquehanna County

NEWVILLE First National Bank NEWTOWN First National Bank Trust NICHOLSON First National

Bank NORTH WALES North Wales National Bank NUMIDIA Valley National Bank

OLEY First National Bank OXFORD National Bank of Ox. ford

PALMERTON First National Bank PEN ARGYLE Pen Argyle Na. tional Bank PEMBROOK National Bank of

Pembrooke

PENNSBURG Farmers National

Bank PHILIPSBURG First National Bank

PHOENIXVILLE Farmers &

Mechanics National Bank PLYMOUTH First National Bank PORT ALLEGANY First NationBank PORTLAND First National Bank PORT ROYAL, Port Royal National Bank

POTTSTOWN, Citizens National Bank Trust Co. POTTSTOWN National Bank of Pottstown POTTSTOWN National Iron

Bank

QUAKERTOWN Merchants National Bank QUAKERTOWN, Quakertown National Bank RALSTON First National Bank REBERSBURG, Rebersburg Na- tional Bank RED LION, Farmers and Merchants National Bank NEWVILLE Farmers' National

Bank TRIPOLI National Bank NORTHAMPTON Cement National Bank of Siegfried NORTHUMBERLAND National BANK NUREMBERG First National

Bank

ORANGEVILLE Farmers' Na. tional Bank ORWIGSBURG First National

Bank

OSCEOLA MILLS First National

Bank of Osceola PEN ARGYL First National Bank

PERKASIE First National Bank PETERSBURG First National

Bank

PINE GROVE National Bank &

Trust PLYMOUTH National Bank PORT ROYAL First National

Bank

Farmers' NationBank National Bank RIDGWAY Elk County National Bank

RIDLEY PARK National Bank ST. MICHAELS National Bank SHELLSBURG First National Bank

SCHUYLKILL HAVEN First National Bank & Trust Co. SCHWENKSVILLE National Bank Trust Co. SCHICKSHINNY First National

Bank

First National Bank SELLERSVILLE National Bank SLATINGTON National Bank,

Citizens' National Bank SMETHPORT Grange National Bank of McKean Co. STRASBURG First National

Bank SUNBURY First National Bank THOMPSONTOWN Farmers' National Bank THREE SPRINGS First National

Bank

TOPTON National Bank of Top-

TREMONT National Bank TREVORTON First National

Bank TUNKHANNOCK Citizens' Na. tional Bank. Wyoming National

Bank

TURBOTVILLE National Bank WATSONTOWN Farmers' Na. tional Bank, National Bank WEISSPORT National Bank WELLSVILLE National Bank WEST CHESTER National Bank of Chester Co. and Trust Co. RED LION First National Bank and Trust Co. REEDSVILLE, Reedsville Nation.

Bank

RICHLAND, Richland National

Bank

RIDGWAY, Ridgway National

Bank

RIEGELSVILLE First National

Bank

RINGTOWN First National Bank ROARING SPRINGS First National Bank ROME Farmers National Bank ROYERSFORD, National Bank Pa. ST. MARYS, St. Marys National SAYRE, Merchants and MechanNational Bank Sayre SAYRE, First National Bank Sayre First National Bank SELINSGROVE First National Bank

SELINSGROVE Farmers National Bank SHENANDOAH Merchants National Bank SHENANDOAH Miners National

Bank SHIPPENSBURG First National

SHIPPENSBURG Peoples National Bank SHINGLEHOUSE First National

Bank SOUDERTON Peoples National

Bank SOUDERTON, Union National

Bank and Trust Co. SPRING MILLS First National

Bank SOUTH FORK First National

Bank

SPRING CITY. National Bank and Trust Co. of Spring City SPRINGVILLE First National

Bank STATE COLLEGE First National

Bank

STEWARTSTOWN Peoples National Bank STROUDSBURG, First-Strouds- burg National Bank SUSQUEHANNA First National

Bank

SUSQUEHANNA City National

Bank SWARTHMORE, Swarthmore National Bank and Trust Co. SWINEFORD First National

Bank

TAMAQUA First National Bank TAMAQUA, Tamaqua National Bank

TELFORD, Telford National

Bank

TIOGA. Grange National Bank Citizens National

Bank

TOWANDA First National Bank

TROY First National Bank TYRONE County Na. tional Bank ULSTER, First National Bank of Ulster

ULYSSES. Grange National Bank

Potter WAYNESBORO, Citizens NationBank and Trust Co. WAYNESBORO First National

Bank Trust Co.

WERNERSVILLS National Bank Trust WEST CHESTER First National

Bank WESTFIELD Farmers and TradNational Bank WEST GROVE National Bank

Trust WILLIAMSBURG First National Bank

WILLIAMSBURG Farmers

Merchants National Bank

WRIGHTSVILLE First National

Bank

WYALUSING National Bank

Wyalusing WYOMING First National Bank YORK SPRINGS First National

Bank AKRON, Akron National Bank ANNVILLE, Annville National Bank

ASHLAND, Ashland National Bank ASHLAND Citizens National

Bank

ASHLEY First National Bank

ATGLEN, Atglen National Bank ATHENS, Athens National Bank ATHENS Farmers National Bank AVONDALE National Bank of Avondale

AVOCA First National Bank of

Avoca BANGOR Merchants National Bank BARNESBORO First National

Bank

BATH First National Bank BEAVER SPRINGS First NationBank BEECH CREEK, Beech Creek National Bank

BELLEFONTE First National

Bank BELLEFONTE Farmers National

Bank

BENDERSVILLE, Bendersville

National Bank BENTON Columbia County National Bank BERWICK First National Bank BERWICK, Berwick National

Bank BELLWOOD First National Bank tional Bank BLOOMSBURG First National

Bank BLOOMSBURG Farmers National

Bank

BLOSSBURG Citizens National Bank BLUE BALL Blue Ball National

Bank

BLUE RIDGE SUMMIT First Na- tional Bank BOYERTOWN Farmers National Bank

BOYERTOWN National Bank of

Boyertown BRIDGEPORT, Bridgeport Na. tional Bank BRADFORD, Bradford National Bank

BRADFORD Commercial Na. tional Bank BRISTOL Farmers National Bank Bucks BROWNSTOWN, Brownstown Na. tional Bank BRYN MAWR. Bryn Mawr Na. tional Bank CAMP HILL, Camp Hill National

Bank

CANTON First National Bank

CATASAUQUA Lehigh National

CATASAUQUA National Bank of

Catasauqua

CATAWISSA First National Bank CATAWISSA, Catawissa National Bank CHALFONT, Chalfont National

Bank HOUTZDALE Trust Company PAOLI Bank and Trust ComNational Bank SCHUYLKILL HAVEN Trust Company EGYPT Farmers Bank SCHNECKSVILLE State Bank EAST PETERSBURG State Bank MIDDLETOWN Citizens Bank and HUNTINGDON Grange Trust Co. SHAMOKIN Banking and Trust SHAMOKIN Bank JOHNSTOWN National Bank ALEXANDRIA First National

Bank AUSTIN First National Bank BAKERTON First National Bank Bakerto BERNVILLE First National Bank CARROLLTOWN First National Bank CENTRALIA First National Bank COOPERSBURG First National COUDERSPORT First National National Bank DANIELSVILLE National Bank DENVER National Bank DOYLESTOWN National Bank Trust DUSHORE First National Bank EAST STROUDSBURG Monroe County National Bank National Bank EMAUS Bank EVERETT First National Bank First National FOGELSVILLE National Bank First National Bank GALETON First National Bank GAP National Bank Trust Co. GENESEE National Bank GETTYSBURG First National Bank HANOVER First National Bank Citizens National Bank HONEY BROOK First National Bank Grange National Bank Lycoming HUNTINGDON Union National Bank HYNDMAN Hoblitzell National INTERCOURSE First National Bank KENNETT SQUARE National Bank Trust Grange National Bank Wyoming County LAPORTE First National Bank West Shore National Bank LILLY First National Bank First National Bank MADERA National Bank First Na. tional Bank MARTINSBURG First National Bank MARYSVILLE First National Bank MAYTOWN National Bank First National Bank Farmers National MESHOPPEN First National Bank MILLERSTOWN First National Bank EBENSBURG American National Bank MINERSVILLE First National Bank MINERSVILLE Union National First National MONTGOMERY First National Bank MORTON National Bank MOUNT JEWETT National Bank MOUNT UNION Central National Bank MOUNT UNION First National NAZARETH National Bank NAZARETH Second National Bank NEFFS National Bank NESCOPECK National Bank NEW HOLLAND Farmers Na. tional Bank and Trust NEWPORT First National Bank NEWPORT Citizens National Bank CARLISLE Trust Co. LOCK HAVEN Trust Co. LEWISTOWN Trust WYOMISSING Peoples' Trust Co. JENKINTOWN Bank Trust MYERSTOWN Trust STEELTON Bank Trust Co. TAMAQUA Peoples' Trust Co. HONESDALE Wayne County Savings Bank BLOOMSBURG Bank Columbia Trust NEW OXFORD Farmers Merchants Bank LEMOYNE Trust Co. DANVILLE Montour County ORRSTOWN Bank PROSPECT PARK Interboro Bank Trust TEMPLE State Bank KULPMONT Dime Deposit Bank Trust Trust ELKINS PARK Bank ELVERSON National Bank LANDISVILLE National Bank GIRARDVILLE First National Bank

Governor Norris also announced authorized for opening these Delaware and South Jersey banks, which are members of the Third Federal Reserve Bank:

SOUTH JERSEY

VENTNOR CITY National Bank. VINCENTOWN First National. WESTVILLE First National WILDWOOD Marine National WOODBURY Farmers Mechanics National Bank and First Bank Trust CAPE Safe DeSafe Deposit BAY HEAD. Bay Head National BEACH HAVEN, Beach Haven National BRIDGETON, Cumberland National, Bridgeton and Farmers Merchants National VINELAND. Vineland National Woodstown National First National YARDVILLE, Yardville National ABSECON, First National BERLIN, Berlin National BEVERLY, First National BLACKWOOD, N. J., First NaBORDENTOWN, First National BURLINGTON, N. Mechanics National CAPE MAY COURT HOUSE, National CLAYTON Clayton National GLASSBORO. First National HADDON HEIGHTS. First Na tional. HAMILTON SQUARE. First Na. tional HEIGHTSTOWN, First National Bank HOPEWELL Hopewell National First MANTUA. National Bank of ManMerchantville National MILLVILLE, Millville National MINOTOLA, First National MOUNT HOLLY Union National MULLICA HILL, Farmers Na. tional OAKLYN. N. Oaklyn National PAULSBORO, National PENNSGROVE, Pennsgrove National PITMAN. Pitman National POINT PLEASANT, Ocean CounNational First National RIVERSIDE. First National ROEBLING, First National Bank Trust Co. SALEM. City National SALEM, Salem National Bank Trust STONE HARBOR First National SWEDESBORO Swedesboro National and Trust TOMS RIVER. First National PRINCETON, Princeton Bank Trust

RIVERSIDE Riverside Trust FLORENCE First National CAPE MAY National Trust

FRANKFORD First National HARRINGTON First National WYOMING First National DAGSBORO National DELAWARE City National DELMAR First National DOVER First National LAUREL Peoples National MILFORD First National ODESSA New Castle County Na. tional SEAFORD First National SMYRNA National Bank of Smyrna


Article Text

Virtually All of State Banks Open From Page One

following banks in Dauphin and nearby counties:

Dauphin County. Dauphin National Bank, Halifax National Bank, Hummelstown National Bank, First National Bank of Millersburg, National Bank of Penbrook, Citizens Bank and Trust Company, Middletown, and Steelton Bank and Trust Company.

Cumberland County. West Shore National Bank of Lemoyne, Lemoyne Trust Company, Camp Hill National Bank, New Cumberland National Bank, Second National Bank of Mechanicsburg, First National Bank of Newville, Farmers National Bank of Newville, Carlisle Trust Company, First National Bank of Shippensburg, People's National Bank of Shippensburg.

Perry County. First National Bank of Marysville, Duncannon National Bank, People's National Bank of Duncannon, First National Bank of Loysville, First National Bank of New Bloomfield, First National Bank of Liverpool, First National Bank of Millerstown, First National Bank of Newport, Citizen's National Bank of Newport.

York County. Dillsburg National Bank, Merchants National Bank of Red Lion, First National Bank and Trust Company of Red Lion, First National Bank of Wrightsville, First National Bank of York Springs, First National Bank of Hanover, Wellsville National Bank.

Lebanon County. Myerstown National Bank.

Lancaster County. First National Bank and Trust Company of Elizabethtown, First National Bank of Marietta, Union National Bank of Mt. Joy, First National Bank and Trust Company of Mt. Joy, First Columbia National Bank, Central National Bank of Columbia, Maytown National Bank.

Franklin County. National Bank of Chambersburg, Valley National Bank of Chambersburg, Path Valley National Bank of Dry Run, First National Bank and Trust Company of Waynesboro.

Adams County. Gettysburg National Bank, First National Bank of Gettysburg.

Juniata County. Port Royal National Bank, First National Bank of Port Royal.