Articles (dated Jan 31–Feb 1, 1933) report the Iowa State Savings Bank placed under supervision of the state banking department and the mayor declared a two-week banking holiday. There is no explicit mention of a depositor run on this bank; the holiday was intended to avoid runs. I classify this as a suspension (government action) that appears temporary (holiday), so I select suspension_reopening as the most likely outcome.
Events (1)
1.January 31, 1933Suspension
Cause
Government Action
Cause Details
Officers announced the bank would be operated under supervision of the state banking department; mayor declared a two-week banking holiday to comply and avoid runs.
Newspaper Excerpt
declared a two-week banking holiday here after officers of the Iowa State Savings bank announced the bank would be operated hereafter under supervision of the state banking department
Source
newspapers
Newspaper Articles (3)
1.January 31, 1933Globe-GazetteMason City, IA
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Article Text
Creston Mayor Calls 2 Weeks Bank Holiday
Ray Emerson today declared a two weeks' banking holiday here after officers of the Iowa State Savings bank announced that the bank would be operated hereafter under supervision of the state bank. ing department. To comply with Mayor Emerson's holiday proclamation not the First National bank did open this Emerson clared to said the morning holiday was Mayor deavoid possible run on the National bank and would be for "two weeks or longer.' that it
2.February 1, 1933Iowa City Press-CitizenIowa City, IA
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Article Text
Mayor of Creston Declares 2 Weeks Banking Holiday
CRESTON S Ray Emerson Tuesday declared a two week's banking holiday here after officers of the Iowa State Savings bank announced that the bank would be operated hereafter under supervision of the state banking department To comply with Mayor Emer son's holiday proclamation. the First National bank did not open Mayor Emerson said the holiday was declared to avoid R possible run on the national bank and that
3.February 1, 1933The Omaha Morning Bee-NewsOmaha, NE
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Article Text
CRESTON CALLS
CRESTON. Ia., Jan. 31, Mayor Ray Emerson Tuesday declared two-week banking hollday here after officers of the Iowa State Savings bank announced the bank would be operated hereafter under supervision of the state banking department. To comply with Mayor Emerholiday proclamation. the First National bank did not open Tuesday morning. Mayor Emerson said the holiday was declared avoid possible run on the National and that it would be for weeks or longer The Farmers and Merchants' Savings bank. the only other bank here, went under supervision of the state banking department several days ago.
