Live Stock National Bank (Sioux City, IA)

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Episode Information

Episode UID
502201599
Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
50220 national
Charter Number
5022
Start Date
March 4, 1933
Location
Sioux City, Iowa

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
0d06217dd6c41cc2

Response Measures

None

Description

Article list includes 'Sioux City Livestock Nat. Bank' (OCR variant of the bank name).

Events (2)
1. October 16, 1895 Chartered
Source
historical_nic
2. March 4, 1933 Suspension
Cause
Government Action
Cause Details
Statewide bank holiday/moratorium ordered by Iowa authorities following national banking crisis; banks closed until further notice.
Newspaper Excerpt
Iowa Proclaims Holiday. Des Moines, Ia., March 4.-[SpeGov. N. G. Kraschel today ordered moratorium effective once.
Source
newspapers

Newspaper Articles (5)
1. March 5, 1933 Chicago Tribune Chicago, IL
Article from Chicago Tribune, March 5, 1933

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Article Text

EVERY STATE JOINS IN MOVE TO SAVE BANKS Take Holiday or Impose Restrictions. Wilmington, Del., March 4.-(P)Delaware, the last of the nation's 48 states not under form of banking restriction, declared bank holiday tonight, e.ective Monday and continuing until further notice." Harold W. Horsey, state banking missioner, said Gov. C. Douglas Buck had directed him to notify all banks in the state as follows: Not of anything that has in tion but wholly because of the action practically all the other in declaring bank holiday and the observance thereof by the Federal Reserve bank, this bringing about temporary suspension of banking business over the country, am with no alternative to take action protect Delaware banks and their depositors. Wisconsin Plans Reopening. Milwaukee, Wis., March 4.-[Speof this city and Wisconsin are making plans to reopen next week, but on what day had not been determined tonight. In Madison, Banking Commissioner Arthur Kingston said that plan has been devised for reopening Wisconsin banks morning, although he withheld details of the plan pending an expected President at Washington on the situation. hand, Walter Kasten, president the First Wisconsin Na. tional member of committee appointed by the Milwaukee Clearing House association to work out plan, said the Milwaukee banks will not reopen until Wednesday at the earliest, and then probably will operate under scrip plan similar to that used in 1907. In the meantime the fourteen day bank holiday proclaimed by Gov. R. G. Schmedein effect. No Holiday in Indiana. Indianapolis, Ind., March 4.-[Spebanks, under the bank code recently rushed through the state legislature, have the power to limit withdrawals one-tenth per cent. Therefore, no state-wide bank moratorium will be declared in Indiana Gov. Paul McNutt today informed state officials from Washington, where he attended the inaugurabanks today continued to pay per cent and 100 per on deposits made they declared per cent withdrawal last Monday. few upstate banks have limited withdrawals to per cent. Plan Michigan Reopening. Detroit, Mich., March 4.-[Special.] -There up of banking anxieties Detroit the tion of the state legislature on relief bills which are scheduled be passed on Monday They should become laws not later than next Saturday and thereby permit banks re-open and permit another withdrawal of funds amounts to decided upon. Operations in Detroit will be immediresumed by the First National bank and the Guardian National Bank of Commerce. Iowa Proclaims Holiday. Des Moines, Ia., March 4.-[SpeGov. N. G. Kraschel today ordered moratorium effective once. In his proclamation the lieutenant governor set no definite time, declaring only temporary banking holiday mandatory for all Iowa banks, savings banks and [Continued on page 6, column 8.]

2. March 6, 1933 The Courier Waterloo, IA
Article from The Courier, March 6, 1933

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Article Text

IOWA'S BANKS BE PERMITTED TO RAISE BAN FRIDAY Will Not Be Allowed to Open Before Under Permission from Treasury. NEED RESERVES TIED UP IN CHICAGO BANKS Use of Clearing House Scrip Will Afford Means for Circulation. Des bank holiday effective until the ban on withdrawals from New York Chicago banks is lifted. Lieut. Gov. N. Kraschel said Monday. reserves of Iowa banks are held by national banks in Chicago and New York," Kraschel said. "Until those reserves are available, Iowa banks that opened would be exposed the dangers of withdrawals, particularly business organizations which might wish obtain money from Iowa deposits for use in other states.' It was indicated that Iowa situation will continue unchanged at least until Friday. earliest when congressional action could lift the Iowa's banking holiday remained despite the terms of President that liquid banks remain open during the holiday given permission by the secretary treasury. Agree To Keep Banks Closed. Lieut. Gov. Kraschel early Monday Iowa banks will not permitted to take advantage that provision the president's proclamation that the state hollday will remain in effect on all Iowa Agreement to the Iowa clamation force reached in telephone between Lieut. Gov. Kraschel and Gov. Clyde Herring, who in Washington. Officials the Iowa Bankers association met here Sunday for discussion of legislation to be considered by the legislature which reconvened Monday following week's recess. Fred Figge of Ossian, president the said the legislation would deal with methods of bank withdrawals after the holidays are suspended. Details of the proposals could not be discussed, Figge as they discussed further with the banking committees Monday. Two Banks Told To Stay Shut. Bank officials discussed the issuance clearing house certificates as provided for in President Roosevelt's Information concerning the certificates, which would be issued under regulations the Chicago Federal Reserve bank, was expected Gov. Kraschel said he had ordered officials two Iowa banks to observe state holiday not to open their banks today had declared they would do. Henry M. Carpenter, president of the Monticello State bank, and Robinson, assistant cashier of the Anita bank Anita, were ordered Mr. Kraschel to open Monday. Must Restrict Openings. Des Moines Reopening of banks the nation must be on restricted payment basis, Andrew, state of banksaid "There no question, he said in formal statement, "that when the banks the country be restricted payment and with use, in many cities, of banking scrip consisting of clearing Such scrip, he asserted, will provide medium for cities in which issued. This scrip, promise pay all the banks in clearing and has behind good assets cover the entire Calling upon public to face (Continued on page column seven

3. March 6, 1933 Ames Tribune Ames, IA
Article from Ames Tribune, March 6, 1933

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Article Text

IA. BANK HOLIDAY WILL CONTINUE (Continued from Page One) from Washington, it was believed. The banking holiday, also added incentive to the stamp money plan which originated at Hawarden, Ia., and which, due to legislative action 10 days ago, may now be set in motion by every county in the state for poor relief. Some amendment to this law to make it applicable to present conditions was suggest ed to legislators. Kraschel, however, said that no emergency legislation by Iowa was necessary. The state, he said, had already set its financial house in order and would be ready to proceed with normal bank business at the expiration of the national holiday. Kraschel telephone Gov. Clyde L. Herring, who is attending the governors' conference in Washing ton. before announcing early Monday that the lowa proclamation closing banks until further notice would be rigidly enforced. Several score banks throut the state, it was said, were prepared to open their doors at the first possible op portunity in spite of the proclamation of the lientenant governor, and had closed temporarily only under protest One bank. the Iowa-Des Moines National here. had announced Datly that it would re-open Wednesday. In view of President Roosevelt's proclamation however, this plan probably will be changed coincide with present developments. l'ending a readjustment of emergency money matters, merchants scrip, several kinds of barter and agreements honoring checks of roliable firms in Heu of cash, were being worked out in individual cities thruout the state Kraschel urged that all business in honoring these until lowa's banks reopen.

4. March 8, 1933 The Gazette Cedar Rapids, IA
Article from The Gazette, March 8, 1933

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Article Text

Iowa Maintains Solid Front In Banking Crisis DES MOINES Gov. ernor Kraschel announced shortly after noon Wednesday that all Iowa state and national banks were closed to conform with the state Several of the banks which opened accept new deposits discontinued the after conversations with state Kraschel The banks may continue to make change allow patrons to use their safety deposit position extremely Kraschel said He bankers for their and said that Governor Herring in has kept hourly contact with the Iowa "Within few days and sounder banking arise for the service of the he His statement was as follows: Iowa banks are closed strict conformity with the state The operation that they have shown upholding our hands gives us hope of obtaining release of Iowa money in Chicago and New York It is that of our banks were to and permit als of our position would be lost is unfortunate that America's business should be but Iowa's position is extremely strong in such have food products that the the country and we would weak indeed did not demand the of sound currency for our own funds now in city banks before normal business resumed do not seek an unfair vantage of sister states but the present bank crisis is due to tation and unsound banking in higher circles over which had no blame for this therefore would be weak failed our position at this time for the protection of our own people. "President Roosevelt forward and manner Gov. Herring hourly with advising as to the Within few days new sounder banking structure will for the of the nation We need to be tient but few days and the loyalty of our ers and the patience our peoin the maintenance of our state program. DUBUQUE BANK OPEN. DUBUQUE (AP)-The First tional here for open business Wednesday despite advice from Lieut Kraschel that should Iowa banks, both state national, closed with the state banking holidty.

5. July 9, 1933 The Des Moines Register Des Moines, IA
Article from The Des Moines Register, July 9, 1933

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Article Text

4 ARE HELD IN Women, Men Seized in Car Crash at Leon, Ia. Akron, in an effort to obtain clews to robberies other than three admitted by James Martin of Kansas City, Mo., involving Mrs. McCarthy's husband. The four were apprehended Leon, Ia., Friday when stolen car which they were riding crashed into ditch, injuring them slightly. They were returned here Friday night. The Hicks girl at first said she Mrs. Martin but later told she lived in Akron and married there June to Fred Slavaugh, who she said later was sentenced for robbery. She said her parents gave her money for vacation forget the affair. County Attorney Beal said plans charge the two men with robbery and police said they would ask that kidnaping charges added. The pair the duction and robbery of Leonard Yates Thursday night. Yates' car they wrecked at Leon. Date Deposits Payments IOWA. receiver June 26, appointed suspension Amount location Akron First Nat. Bank Albia Peoples Nat. Bank 739,072 50 Waukon, First 1-18-26 Aurelia First Nat. Bank 690,033 243,834 40 Shenandoah, First B. 5-13-26 Aurelia Farmers Nat. Bank 599,132 226,904 40 Clarinda, Clarinda 11-29-26 Bedford Bedford Nat. Bank 231,793 131,182 65 First 12-10-26 Cedar Rapids Merchants Nat 708,295 Britt, First B. Bank 7-19-27 529,744 310,079 62 Waukon, Peoples Centerville First Bank 182,242 70,677 Inwood, First Centerville Centerville Nat. Bank 2-13-29 558,579 388,526 Manchester, First Chariton Nat. Bank Trust Co. 154,787 93,991 65 Rockford, First 2-23-29 Charles City Commercial 691,652 55 Emmetsburg. of 3-15-29 Bank 194,631 123,619 67 Ruthven. First Charter Oak First Nat. Bank 9-16-29 496,376 Montezuma, First Churdan First Bank 10-14-29 401,608 313,946 Red Oak, Farmers Clinton City Nat. Bank 8-12-30 131,813 45,895 42 Ayrshire, First Clinton Clinton Nat. Bank 65,582 Burlington, Merchants 2-30 Columbus Junction Louisa Coun- 51.5 Burt, First Bank 1-31-31 741,247 Cherokee, First Corning Nat. Bank 3-17-30 145,924 46,615 35 Cherokee, Security Council Bluffs City Nat. Bank 12-20-30 177,726 108,696 Inwood, Farmers Dayton First Nat. Bank 66,000 Oskaloosa, Farmers B., Denison First Nat. Bank B. 12-20-30 257,123 131,831 61 Rock First N. Des Moines Central Nat. Bank 260,009 102,487 42.5 Roland, First 11-29-30 Trust Co. B. 3,438,611 Sioux City, Sioux in Des Moines Iowa Des Moines 69,263 Titonka, First 12-30-30 209,247 Nat. Bank 10-18-30 321,173 Villisea, First Dewitt First Nat. Bank 173,382 36,918 Williams, First Diagonal First Bank 128,868 51,123 Bagley, First Dubuque First Nat. Bank 10-22-31 29,414 Blockton, First 119,296 Dyersville Dyersville Nat. Bank 87,412 22,136 Bode, First Dysart Dysart Nat. Bank 98,743 40,766 45 Coin, First Eldon First Nat. Bank 154,152 33,402 23 Doon, First 10-22-31 Eldora Hardin Bank 25,015 12.5 Dougherty, First 12-14-31 190,941 Essex First Bank 144,998 86,700 64.5 Elliott, First Fonda Bank 167,634 122,306 77.5 Essex, Commercial Forest City Forest City Bank 85,997 56 Floyd, First 1-9-31 170,654 Gladbrook First Nat. Bank 108,552 Lake City, First 10-22-31 321,573 Grinnell Poweshiek Bank 245,796 120,449 55 Lehigh, First 8-17-31 Harlan Harlan Bank 8,977 Macksburg, Macksburg 12-22-31 Harvey Bank 9-18-31 202,458 92,138 50 Merrill, First Imogene First Bank 71,268 Milford Security 5-11-31 176,814 Keokuk Keokuk Bank New Hampton, Second 7-14-31 684,980 365,859 Kimballton Landmands Pomeroy, First N. 146,213 51,811 Klemme First Bank Randolph, First 59,054 31,772 Lake Park First Nat. Bank 370,584 38 Rock Rapids, County 10-20-31 1,065,798 Lime Springs First 3-30-31 66,713 First 177,137 Logan First National of 48,889 Bank 12-30-31 152,991 Manning First Sidney, National Bank of 10-15-31 187,069 69,750 Mapleton First Ackley, First 8-10-32 376,739 96,253 Marion First Bank Anamosa, Anamosa 1-27-32 620,019 282,800 Mason City First Nat. Consolidated 7-14-32 3,495,517 999,699 Missouri Valley First Eldora, First 8-10-32 371,924 154,194 47 New Hampton New Mills Glenwood, County 12-27-32 277,219 Bank Independence, 1-32 795,312 212,741 30 Newton Newton Nat. Bank Indianola, First 8-20-32 365,052 83,237 Nora Springs First Nat. Bank Iowa City, First 1-22-32 880,545 338,743 55 Odebolt First Nat. Bank Iowa Falls, First 12-27-32 278,645 50,593 20 Oelwein First Nat. Iowa Falls, State 7-7-32 385,585 53,760 20 Ogden First Lost First 1-11-32 90,906 21,939 20 Osage Osage Farmers Maquoketa, First 6-28-32 523,112 89,400 Paullina First Nat. N. of Milton 6-25-32 77,426 30,723 45 Perry First Northboro. First N. 9-16-32 111,127 Peterson First Bank Northwood, First 197,957 27,589 15 Prescott First Oskaloosa 1-20-32 1,382,759 547,608 Primghar First Nat. First N. 6-11-32 250,030 80,785 35 Red Oak First Nat. Bank Sioux First 155,310 Remsen First Nat. Bank Story City, First 10-10-32 407,206 76,963 21 Riceville First Thompson, First 6-28-32 146,345 27,987 15 Rippey First Vinton, Farmers 2-32 584,961 122,261 23 Shannon City First Waterloo, 7-18-32 4,531,689 1,336,700 40 Sheldon Sheldon Bank Waterloo, Pioneer N. 2-18-32 842,904 Sioux Center First Bank Webster City First 11-30-32 489,542 40,795 10 Sioux First Nat. Bank Wyoming, First 10-11-32 10,185 20 Sioux City Livestock Nat. Bank Buffalo First 1-20-33 71,153 City The Toy Nat. Bank George, First 148,583 22,125 Spencer Clay County Nat. Bank Manilla, First 1-30-33 156,792 Spirit Lake First Nat. Bank Sioux Rapids, First 2-13-33 State Center First Nat. Bank Storm Lake Citizens Totals Bank Stuart First Nat. Bank to appointed levy and collect stock assessment coverThornton First Nat. Bank ing deficiency in value of assets sold. Toledo Nat. Bank Toledo Traer First Nat. Bank CEDAR FALLS Waverly First Nat. Bank Webb Citizens Bank Woodbine First TO CELEBRATE Nat. Bank Sibley First Nat. Bank IN HEAT Farragut First Nat. Bank Anniversary Fete, Music Creston First Nat. Bank tival Planned. Arlington American Nat. Bank Damage Heavy Due Colfax First Nat. Bank Register's CEDAR FALLS, (New Bank) to Lack of Rain. Clarion First Nat Bank town and high school band in the Burlington First Nat. Bank By Staff Writer. state has been invited to par(New Bank) ticipate in the band contest that Sioux City Security Bank throughout southeastern section will be part of Cedar Iowa City First Natl. Capital Bank Kansas have been badly damaged eightieth anniversary celebration (New Bank) OMAHA NEB (P)-A girl who Pella Pella Nat. Bank by continued drought and many an Iowa music festival to be identified herself to police CariWaterloo Nat. Bank of Waterloo total truck farmers report losses eta Hicks, 18, Akron, Ohio, was held here Aug. 10 and 11. (New Bank) held here Saturday with another on their acreage. The two-day festival being Ft. Dodge Dodge Nat. Bank woman and two author- Only light rains have fallen sponsored by chamber Knoxville Community Nat. Bank ities investigated holdup activities the last seven weeks, and they commerce co-operation with Trust Co. (New Bank) the were practically of no value State Teachers college. men here. Total number of banks 94 Police reading the crops. The first day will be devoted to diary Total deposits $125,223,000 Mrs. Mac McCarthy, 23, also High temperatures have dried observance the eightieth anni-