Chouteau Trust Company (St Louis, MO)

Episode Information

Episode UID
7974767691597
Episode Type
Run → Suspension → Closure
Bank Type
trust
Bank ID
797476769 hash
Start Date
January 16, 1933
Location
St Louis, Missouri (38.627, -90.198)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
74bae5858d47c5c7

Response Measures

None

Events (3)
1. January 16, 1933 Run
Cause
Local Banks
Cause Details
Heavy withdrawals and runs on multiple St. Louis banking institutions triggered depositor panic.
Measures
Board voted to close and place the bank in the hands of state bank examiners to protect depositors.
Newspaper Excerpt
small banks today failed to open their doors because of the heavy runs on St. Louis banking institutions during the past week.
Source
newspapers
2. January 16, 1933 Suspension
Cause
Local Banks
Cause Details
Directors voted to close and place the bank in the hands of state bank examiners following heavy runs.
Newspaper Excerpt
The Chouteau Trust company ... failed to open their doors because of the heavy runs on St. Louis banking institutions during the past week.
Source
newspapers
3. September 14, 1933 Receivership
Newspaper Excerpt
Reports listing claims of $742,151 against the Chouteau Trust Company ... both of which closed last January, were filed ... by Creighton B. Calfee, special deputy state finance commissioner.
Source
newspapers

Newspaper Articles (4)
1. January 16, 1933 Freeport Journal-Standard Freeport, IL

Article Text

OF TWO OR THREE WEEKS RIVER Mayors of Moline, East Moline, Rock Island and Muscatine Take Action Rock Island, Jan. two weeks' banking holiday was started this morning In Rock Island, Moline and East Moline, under proclamations of the mayors of those cities. The proclamation explains the purpose of the holiday measure preserve the stability the flnancial and business institutions and resorted to because of the beneficial results by various other cities during the 18 months when public apprehension and uncertainty seemed call for action protect the individual citizen and the common welfare. not expected that business houses generally will close under the holiday plan. Davenport not affected. Muscatine, Too Muscatine, Iowa. Jan. business holiday of three weeks Muscatine was proclaimed this morning by Mayor Herman Lord. Directors the First National bank and Hershey State banks sued statements to the effect that their institutions will remain closed for the duration the holiday. The Muscatine State bank was open for usual today, and, directors issued statement. an official of the institution said this policy would continue. Six Small St. Louis Close Louis. Jan. small banks today failed to open their doors because of the heavy runs on St. Louis banking institutions during the past week. In all instances the boards of directors announced they had voted close and place their banks in the hands state bank examiners in an effort to protect depositors. closings brought the total of banks closed here to 12 during the past week. Total deposits of the six institutions. according to the last monthly statements, was more than $7,000,000. The Institutions which failed to open today the Chouteau Trust company, the Natural Bridge Trust company, the bank of Louis, the Grant State bank, the Lowell Bank and the Scruggs, Vandervoort and Barney's bank. of the Scruggs bank made their after the close of business Saturday.

2. January 17, 1933 Paragould Daily Press Paragould, AR

Article Text

Eight More St. Louis Banks Close Their Doors St. Louis, Jan. 17.—Eight St. Louis banks failed to open yesterday, making 16 banks with aggregate deposits exceeding $15,000,000 closed in the city and St. Louis county within the last 12 days. Most of the closed institutions were small neighborhood banks. Those which closed today were: Twelfth Street National bank, capital stock $300,000; deposits, $945,393; LaClede Trust Company, deposits $1,111,013, total resources $1,789,516; Chouteau Trust Company, deposits $668,835; total resources $1,019,141; Natural Bridge Trust Company, deposits $913,951, total resources $1,265,956; Lowell bank, deposits $2,457,134, total resources $3,517,290; Grant State bank, deposits $1,190,178, total resources $1,718,534; Sarah-Olive bank of St. Louis, deposits $174,572, total resources $425,653; Scruggs Vandervoort and Barney bank, operated in a downtown department store of the same name, deposits $1,762,642, total resources $2,507,530. PIG TURNS TABLES Salt Lake City—The pig which Harold R. Howard was trying to slaughter turned butcher itself. The pig was hung from a nail and Howard had stabbed it in the throat once. Thinking the one stab had not been sufficient, Howard grabbed one of the pig's legs and raised the knife a second time. The pig gave a frantic kick which caused the knife to slip and cut Howard's hand. He lost considerable blood before he reached the hospital.

3. January 17, 1933 Clinton Daily Journal and Public Clinton, IL

Article Text

Outlying Banks Failed Near St. Louis St. Louis, Jan. outlying banks today failed to open their doors because of the heavy runs on Louis banking institutions ing the past week. instances the boards of directors announced they had voted to close and place their banks the hands of state bank examiners in an effort to protect depositors. Today's closings brought the total of banks closed here to past week. Total deposits of the five institutions, according to the last monthly statement, was more than 000. The institutions which failed to open today were: The Chouteau company, the Natiaural Bridge Trust company, the bank Louis, the Grant State bank, the Lowell bank and the Sruggs, Vandervoort and Barney's bank. Directors of the Sruggs bank made their closing announcement after the close of business Saturday.

4. September 14, 1933 St. Louis Globe-Democrat St. Louis, MO

Article Text

CLAIMS AGAINST TWO CLOSED BANKS FILED Lists Are for Chouteau Trust Co. and Sarah-Olive Bank. Reports listing claims of $742,151 against the Chouteau Trust Company and $313,927 against the Sarah-Olive Bank, both of which closed last January, were filed with the Recorder of Deeds yesterday by Creighton B. Calfee, special deputy state finance commissioner. The claims against the Chouteau Trust Company were as follows: Savings deposits, $249,582; individual deposits, $212,698; miscellaneous claims, $207,165; certificates of deposit, $68,244; New York drafts, $9174; treasurers' checks, $3205 and systematic savings deposits, $1141. Among the larger miscellaneous claims were: Francis G. Sebeck, $53,000; E. W. Hilgeman, $42,500; Susan E. Hemp, $17,189; St. Louis Union Trust Company, $14,400; S. L. St. Jean, $14,190, and former Mayor Kiel, $13,000. Resources of this bank at the time it closed were listed at $1,043,272.33. The claims against the Sarah-Olive Bank are as follows: Individual deposits, $85,048; savings deposits, $36,158; systematic savings, $456.50; certificates of deposit, $1020; cashiers' checks, $82.47; New York drafts, $57, and miscellaneous claims, $91,104. Among the miscellaneous claims was one for $68,654 by the Reconstruction Finance Corporation. At the time it closed the assets of this bank were listed at $425,653.