Federal American Company - Washington, DC

Episode Information

Episode UID: 4747655891599
Episode Type: Suspension → Closure
Bank Type: trust
Bank ID: 474765589 hash
Start Date: March 6, 1933
Location: Washington, District of Columbia (38.895, -77.036)

Metadata

Model: gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest: b4e2df67c321a21e

Response Measures

None

Description

The Federal American Company was an affiliate of the Federal-American National Bank and Trust Co., which failed in 1933; the article describes a receiver's sale of its assets.

Events (2)

1. March 6, 1933 Suspension

Cause: Government Action
Cause Details: The bank and its affiliate were closed during the banking holiday and subsequently placed in receivership.
Newspaper Excerpt: CARY A. HARDEE, Receiver Federal-American National Bank and Trust Company of Washington.
Source: newspapers

2. November 9, 1935 Receivership

Newspaper Excerpt: By virtue of a certain collateral agreement... CARY A. HARDEE, Receiver Federal-American National Bank and Trust Company of Washington... will sell at public auction
Source: newspapers

Newspaper Articles (1)

1. November 9, 1935 Evening Star Washington, DC

Article from Evening Star, November 9, 1935

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Article Text

Auctioneers. DAYS. of AUCTION ADAM A. WESCHLER & SON. AUCTION TAINED ocCOLLATERALOWEI the AT agreement of sale dated By virtue certain collateral 1931 default said having agreement. the in September a under 30. the terms auction. of & within Son. Inc. on curred at public Weschler D. C NOVEMBER following-desc A.D. described to wit NOON. the agreement. 1 office MONDAY. 915 will E of sell St. Adam THE N.W A. WHETE 1935. Washington. AT DAY O'CLOCK collateral 1.500. Four OF named in said trust notes aggregat signed by Charles paycertain dated Novembe first and 4 Lida 1931 Pearl R D. Tompkins. Clifford the three rate H. Tompkins to the order of with interest payable at semiyears able after annum date until paid. being paid recourse to May of annually. 6% 1935 per duly said These interest indorsed notes without and are are a part secured of 4. a 4. by the aggregating payee. trust $9.000 dated November the subseries a first deed of square 3590, Tompkins in and by 1931. on lot 5. Charles H plat recorded the in division Tompkins. made by as of per the records District of of Liber Lida R 93. of the folio surveyor 192 by premises of the being 513 duly Morse reColumbia. office St. N.E. said improved deed 5th day of trust of November. one of the First- 1931. land in corded Liber on 6609 the at District folio originally 203 of Columbia in the sum records of the note subsequent credit by trust promissory reduced by 19. a 1926. signed to the of $1,000. $500. dated June Company payable years after per to Building Clifford. three rate of 6% Security order of Pearl interest D. at the semi-an nnua! 1935. ily, date. with until paid. paid payable to June by the annum said interest being without recourse of a series ag19 duly indorsed This note is and a part is secured 1926. by a on first lot made payee deed gregatintrust in of square $10.500 1989 dated Chase in June the Land subdivision Company as per plat of by 94 the Cheve County Maryland, folio 7. of the District records office of the by of recorded Montgomery the in Liber improved 79. surveyor premises of deed the trust 5120 of of Columbia. N.W.. said 19th day Nebraska of duly Ave. recorded 5707. on the at District folio 441 of one Cobeing 1926. in Liber of the the time of June. the land By subsequent records note agreemented was by Ellen to lumbia for payment of said and guaranteed promissory note 12. in June 19. 1935 First -trust February Day Hale. of $1.000. dated E Kline jr three paythe sum signed by Robert of Pearl D. Clifford. at the rate 1932 able to the order date. with interest paid. payable August semiyears 6% after per annum interest until being without paid to recourse of annually. said indorsed is a part of a 1935. duly This note and is secured 1932 by 12. the aggregating payee trust $4. 750. dated February Jacob S. subdivision as by series a first on lot deed 154 of square of lots 4561. in per block in plat num- the refor corded bered Gruver's three. in the Columbia office Isherwood. of in the Liber 329 surveyor 7th 86. Pl. at N.E. folio District improved of by premises being duly recorded in Liber on said 10. deed of trust of February the 1932. land records 6634 the 12th at folio day 269. of one Columbia aggregating of Twelve $3 500. Shan- cerof the first-trust District notes 1928 signed by paytain Septembeconstruction 13. Company to the order the non dated and Luchs years after with date interest payable at able Pauline three F Donohoe. annum until paid having been to September the payee $12 of rate paid semi-annually of 6% per said by 13. interest 1935. duly These indorsed notes 000. by a first on lot 77 in without a part recourse of a series deed aggregating of trust Shannon dated Sep: and are tember secured Luchs Construction 13 1262. 1928 duly 1928. Company's recorded in Liber on subdivision the No. in 14th the 89. in square of September per plat recorded District of office of the by being duly day at folio 130. improved surveyor as trust for premises the 1404 1928, 26th reColumbia, St. in corded Liber N.W. on 6221 said the 14th at deed District folio day of 296. of of September Columbia one of of the the com- land Cerrecords No. of the 2318 for Federal- 11 shares American principal Comtificate of the in the U. mon pany. stock Certificate $1.500 of deposit issued H. by Kauffmann. Byron amount Graham. of John Poole of a and noteholders S. 27. protec- reunder the terms dated July note issue signed in the by tive agreementst-trust to a of $100.000. by deed lating principal amount Everett and secured and William of Grace trust Burnap as to trustees. Erskine All dated Gordon parties June in 13. interest 1930. M please Terms: Seay All notice cash. Receiver and take CARY A. HARDEE. National Bank Federal-American Company of Washington. 1336 Trust New York Ave. N.W. no9 9.11.13.15.16 THOS. J. OWEN & SON, AUCTIONEERS.