Exchange Bank - Fairfax, MO

Episode Information

Episode UID: 80062771599
Episode Type: Suspension → Reopening
Bank Type: state
Bank ID: 8006277 routing
Routing Number: 80-0627
Start Date: March 10, 1933
Location: Fairfax, Missouri (40.339, -95.393)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 3b5cdaadfd4ec364

Response Measures

None

Description

Article describes the March 1933 national banking holiday closing banks by presidential proclamation; reopening is not stated but historically followed shortly after.

Events (1)

1. March 10, 1933 Suspension

Cause: Government Action
Cause Details: President's proclamation instituting the national banking holiday (March 1933) which closed banking houses; Exchange Bank provided limited services under Treasury regulations.
Newspaper Excerpt: The president's proclamation late Sunday night, which embodied a heavy penalty if it was not observed, closed all the banking houses of the nation.
Source: newspapers

Newspaper Articles (1)

1. March 10, 1933 The Fairfax Forum Fairfax, MO

Article Text

BANKS DECIDE TO ISSUE SCRIP WILL BE HONORED BY ALL COUNTY BANKS. Resources of Bank of Issuance Will Be Placed Back of It. Scrip will be issued by the banks of the county to be used as a medium of exchange in the county, it was decided at a meeting of the committee appointed by the Atchison County Bankers' Association which was held at the Bank of Atchison County in Rock Port Wednesday. The scrip will be issued in denominations of One Dollar and Five Dollars, and will be secured by the liquid assets of the bank issuing it. Each piece of scrip is to bear the seal of the bank of issue, and also to bear the signature of the president and cashier of such bank. The issue and use of the scrip will be in conformity with existing or subsequent ruling of the banking authorities. A committee will be appointed to attend to the issuing of the scrip. An indication of the strength of the banks of Atchison county was manifest Saturday when every bank in the county remained open and did business in spite of the holiday proclamation of the governor. On Sunday, at a meeting of the bankers, it was decided that they would open on Monday and conduct their regular business. Monday was the last day for the original state bank holiday to be effective. The president's proclamation late Sunday night, which embodied a heavy penalty if it was not observed, closed all the banking houses of the nation. Under the regulations set down by Secretary of Treasury Woodin, the Exchange Bank of Fairfax has been making change and allowing to individuals access to their deposit boxes. The people of Fairfax have good-humoredly accepted the inconvenience of having the bank closed and it has not been interpreted as any weakness of the bank. People of the community realize that the local bank is on a firm business foundation for the last bank statement showed that the bank was operating on a cash surplus far in excess of that demanded by law. The people are also of the very general opinion that any attempted run on any bank would only result in a great inconvenience to themselves. The unlimited confidence in the local banking institution is exemplified in the prevailing question, "How much money did you have on you when the banks closed?" and the total absence of any reflection on the bank.