National Bank of Commerce (Lincoln, NE)

Episode Information

Episode UID
723901599
Episode Type
Suspension โ†’ Reopening
Bank Type
national
Bank ID
72390 national
Charter Number
7239
Start Date
March 6, 1933
Location
Lincoln, Nebraska (40.800, -96.667)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
ae4c1e766a09e0fa

Response Measures

None

Events (3)

1. April 30, 1904 Chartered
Source
historical_nic
2. March 6, 1933 Suspension
Cause
Government Action
Cause Details
Federal banking holiday/administrative restrictions ordered in March 1933 (Treasury/Federal Reserve measures) that limited withdrawals and closed banks temporarily
Newspaper Excerpt
All Lincoln banks ing limited withdrawals cash their depositors Thursday for the payment salaries and wages, ... Officers the pect to reopen for regular busisoon Congress enacts the legislation asked by President
Source
newspapers
3. March 14, 1933 Reopening
Newspaper Excerpt
The Nebraska banks authorized open today: ... National Bank of Commerce Lincoln.
Source
newspapers

Newspaper Articles (3)

Article from The Omaha Evening Bee-News, March 9, 1933

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Article Text

CASH BANK INTO SALARY CENTRALIZE ENVELOPES SUPPLY (Continued From Page bankers said. Most of the accounts are deposits of the cash received by large firms, they clared, although some individuals appear who may have had cash in deposit boxes. CHECK ON NEW FUNDS The First National bank had about $140,000 in this new count business Thursday, and was permitting checking against these accounts. These checks were identified with ber stamp reading, "This check drawn on funds deposited March subsequent thereto. Government checks and postal money orders received deposits. The Omaha National had about $90,000 the "new account business, 80 far had arrangements for The accounts strictly for the care cash, with all made by the depositor the counter Other banks had smaller sums in the ledgers. The state banks Nebraska not Woods rules and regulations under The difficulty with the banks' reopening many stances that their funds largely deposit in national banks Omaha "reserve center" and in other reserve and subreserve centers Unthe holiday state banks could deposit their reserves directly with the federal reserve state bank has account the payment would deplete its draw the federal reserve but would have draw national where its reserve deposited Mr. Earhart of federal reserve said he had ing whether the national bank could grant the pay roll withthrough the state bank but would be optional the officers of the national bank LINCOLN RATIONS PAY All Lincoln banks ing limited withdrawals cash their depositors Thursday for the payment salaries and wages, the purchase of food and medicine, special emergency needs permitted under the regulations laid down by Secretary of the Treasury Woodin Officers the pect to reopen for regular busisoon Congress enacts the legislation asked by President the Lincoln Clearing House association made customers of various banks found that they could obtain currency in limited amounts for their immediate needs. each establishment tell ers were receiving checks and paying out cash within specified conditions Regulations governing withwere altogether uniform the downtown banks The hope voiced by their officers that day would bring general "business as usual throughout the country First National, Vice President Maly said checks drawn upon that bank in payment salaries wages were being paid presentation up to $25 each. Individual depositors being permitted to out apiece for necessities.


Article from The Des Moines Register, March 14, 1933

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Article Text

39 (Continued From Page National bank; Third American National bank. Indiana. Fort National Bank and Trust Co. National bank; Merchants National Fletcher Trust Terre Haute First National bank. 89 Banks Open in 10th District; 17 in Nebraska KANSAS CITY, MO. list 89 banks, all members of clearing house associations, which will be permitted to reopen today the tenth federal reserve district, here Monday night. approved by Secretary the Treasury Woodin, and nounced by federal reserve bank officials here, includes 26 in Kansas, 10 western Missouri, 18 Oklahoma, Nebraska, 14 Colorado and four in Wyoming. The Nebraska banks authorized open today: Fremont National. First National, Grand Island. Continental National, Lincoln. Havelock National, Lincoln Merchants National, Nebraska City. Otoe County National, Nebraska City. Stephens National, Fremont. Hastings National. First National, Lincoln. National Bank of Commerce Lincoln. Nebraska National. First National, Omaha. Omaha National, Omaha. Livestock National, Omaha. Packers National, Stockyards National, Omaha.


Article from The Banner-Press, March 30, 1933

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Article Text

Abed Five Months, Nevertheless Has Carried On. Associated Press Dispatch Omaha Lincoin Neb. March generally have trouble enough legislatures when but Governor Charles Bryan of Nebraska has pushed his program from sick Elected governor for the third November, bed election night with cold and basn't able to his since: His has been missing from the capitol but not his influence From his bed where he took the oath of office he has kept in close touch with the legislature, submit ted embodying his pledges and through his political lieutenworked enactment his program: He sent his inaugural message the legislature few days after heart attack and submitted his budget recommendations earlier usual, When hundreds Nebraska farmers marched on the capitol, the sick governor directed arrangements to receive them the legislative chambers and duced bill for mora- torium mortgage foreclosures which was enacted promptly the banking situation to grow serious over the na Bryan had telephone stalled by his bed and on March ordered Nebraska banking day to protect the state's financial institutions From telephone, directed arrangements for notifying banks and started plans for their reopening bill giving him tatorial power over state banks for two years was rushed through the legislature his request with dissenting votes One of the most vigorous tests with the legislature came truck fees and regulations Governor Bryan pledged work for and increases weights but legislature An attempt by the governor the trucking question tied passengerfee reduction wantby the legislature Bryan withheld his signature separate passenger car the legislators also passed the sired trucking legislation Early the session he approve his recommendations for abolition of the party circle for ratification of the duck amendment, for revaluation estate year and several measures in line campaign Bills embodying all of his inaugural suggestions the house which early approved his plans for repeal of the intan gible tax law. repeal deficiency judgment law, reduction of legal interest rates. revision the ministrative departments under the governor and several other measures for reorganization government Although Bryan's third term, been the first had The Test of Loyalty. (Edgar Howard in Columbus Telegram.) the days since the birth of the an exhibition of intense the people now displayng toward President The home folks writing to interesting evidence of the loyal everybody Fremont high school boy writes follows: President Roosevelt could be ted king of America he should ask people The evidence loyalty to our new comes from charming lady in Tekamah. She writes as follows: "So strong and so wonderful the devotion of our to Presipeople dent Roosevelt that really lieve every one in Nebraska would instantly obey the president should issue proclamation calling upon the citizens to assemble given stated hour the public parks and stand on their heads for one full minute.' reckon these word pictures the loyalty of the home folks may just little overdrawn, but am ready to believe that president of the United States ever enjoyed in time of peace such stant and intense loyalty on part the people as in this hour idenced in every nook and corner the county in behalf of President Roosevelt