First National Bank - Boston, MA

Bank Information

Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 200
Charter Number: 200
Start Date: December 15, 1931
Location: Boston, Massachusetts (42.358, -71.060)

Metadata

Model: gpt-5-mini
Short Digest: 34ce4c9e

Response Measures

None

Description

OCR-heavy article referring to the 'Federal/First National Bank of Boston'. Text states directors asked the comptroller to take charge and mentions 'speedy reopening' — indicates a government takeover/suspension with intent to reopen. No explicit depositor run on this specific bank is described (only small runs at some savings banks). Date taken from newspaper (1931-12-15).

Events (1)

1. December 15, 1931 Suspension

Cause: Government Action
Cause Details: Directors requested the Comptroller take charge of the bank and its branches; government examiner/receiver involvement to handle the closing and speed reopening.
Newspaper Excerpt: directors ask the comptroller to take charge
Source: newspapers

Newspaper Articles (1)

1. December 15, 1931 The North Adams Transcript North Adams, MA

Article from The North Adams Transcript, December 15, 1931

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Article Text

National Bank of Boston Central for Speedy Reopening Taken. Boston, sachusetts banking institutions, with aggregate deposits, according the latest closed today. The list included national banks and five state banks. The central figure the closings the Federal National bank Boston, which has five city branches and with which all the other institutions were affiliated. The Federal National bank, whose directors ask the comptroller to take charge after the bank and its branches deposits on September The other banks and their latest The Middlesex National bank, $4,000,000; the National Lynn, the Gloucester National bank, $1, 600,000; the Trust the Lawrence company, Camthe Brockton company, the Salem, from his home that proper measures, for institutions be accomplished and further said he had instructed Bank Commissioner Arthur Guy proceed that end in view, Bank Commissioner Guy left his home Framingham begin placing state the the five state banks affected. Governor Ely, after receivreports his in Westfield, started for Boston. Three savings banks in East Bos. ton and South Boston encing small runs today. They were the affected today's and officers that funds safe.