Banking Emergency of 1933

During February and early March, 1933, banks throughout the country were experiencing difficulties, and many were forced to either close or operate under restrictions. Two of the most notable actions taken in response to the situation were the national bank holiday, enacted on March 6, 1933, and the passage of the Emergency Banking Relief Act (also known as the Emergency Banking Act) on March 9, 1933. Banking Act of 1933 (also known as the Glass-Steagall Act) was passed later that year to establish the Federal Deposit Insurance Corporation, and introduce various banking reforms.

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Box 2165, Folder 10: State Moratoria, Banking Holiday, FRBank Chicago

Box 2165, Folder 10: State Moratoria, Banking Holiday, FRBank Chicago


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Description:
Banking holidays and moratoria in the 7th Federal Reserve district.

Date:
1932-1933,

Source:
National Archives at College Park, MD

Collection:
Records of the Federal Reserve System

Citation:
Federal Reserve Bank of Chicago, 1933, Box 2165, Folder 10: State Moratoria, Banking Holiday, FRBank Chicago, from Records of the Federal Reserve System, accessed Aug 1, 2014 from FRASER, http://fraser.stlouisfed.org/docs/historical/nara/nara_rg082_e02_b2165_10.pdf

Authors:

Date: 1933
Authors: Federal Reserve Bank of Chicago

Box 2165, Folder 1: Policy and Procedure in connection with Banking Holiday Proclamations (March 1933)

Box 2165, Folder 1: Policy and Procedure in connection with Banking Holiday Proclamations (March 1933)


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Description:
Policy discussion and requests for ruling regarding function of reopening banks and the role of the Federal Reserve in banks under conservatorship.

Date:
1933,

Source:
National Archives at College Park, MD

Collection:
Records of the Federal Reserve System

Citation:
Board of Governors of the Federal Reserve System (U.S.) and United States. Dept. of the Treasury, 1933, Box 2165, Folder 1: Policy and Procedure in connection with Banking Holiday Proclamations (March 1933), from Records of the Federal Reserve System, accessed Aug 1, 2014 from FRASER, http://fraser.stlouisfed.org/docs/historical/nara/nara_rg082_e02_b2165_01.pdf

Authors:

Date: 1933
Authors: Board of Governors of the Federal Reserve System (U.S.), United States. Dept. of the Treasury

Box 2165, Folder 2: Policy and Procedure in connection with Banking Holiday Proclamations (April 1933 - 1940)

Box 2165, Folder 2: Policy and Procedure in connection with Banking Holiday Proclamations (April 1933 - 1940)


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Description:
Treasury and Federal Reserve policy and procedure regarding banking holiday Proclamations

Date:
1933-1940,

Source:
National Archives at College Park, MD

Collection:
Records of the Federal Reserve System

Citation:
Board of Governors of the Federal Reserve System (U.S.) and United States. Dept. of the Treasury, 1940, Box 2165, Folder 2: Policy and Procedure in connection with Banking Holiday Proclamations (April 1933 - 1940), from Records of the Federal Reserve System, accessed Aug 1, 2014 from FRASER, http://fraser.stlouisfed.org/docs/historical/nara/nara_rg082_e02_b2165_02.pdf

Authors:

Date: 1940
Authors: Board of Governors of the Federal Reserve System (U.S.), United States. Dept. of the Treasury

Box 2165, Folder 3: State Moratoria, Banking Holiday

Box 2165, Folder 3: State Moratoria, Banking Holiday


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Description:
Local and state bank suspensions and holidays, 1932-1933.

Date:
1932-1936,

Source:
National Archives at College Park, MD

Collection:
Records of the Federal Reserve System

Citation:
Board of Governors of the Federal Reserve System (U.S.), 1936, Box 2165, Folder 3: State Moratoria, Banking Holiday, from Records of the Federal Reserve System, accessed Aug 1, 2014 from FRASER, http://fraser.stlouisfed.org/docs/historical/nara/nara_rg082_e02_b2165_03.pdf

Authors:

Date: 1936
Authors: Board of Governors of the Federal Reserve System (U.S.)

Box 2165, Folder 4: State Moratoria, Banking Holiday, FRBank Boston

Box 2165, Folder 4: State Moratoria, Banking Holiday, FRBank Boston


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Description:
Banking holidays and moratoria in the 1st Federal Reserve district.

Date:
1932,

Source:
National Archives at College Park, MD

Collection:
Records of the Federal Reserve System

Citation:
Federal Reserve Bank of Boston, 1932, Box 2165, Folder 4: State Moratoria, Banking Holiday, FRBank Boston, from Records of the Federal Reserve System, accessed Aug 1, 2014 from FRASER, http://fraser.stlouisfed.org/docs/historical/nara/nara_rg082_e02_b2165_04.pdf

Authors:

Date: 1932
Authors: Federal Reserve Bank of Boston

Box 2165, Folder 5: State Moratoria, Banking Holiday, FRBank New York

Box 2165, Folder 5: State Moratoria, Banking Holiday, FRBank New York


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Description:
Banking holidays and moratoria in the 2nd Federal Reserve district.

Date:
1933,

Source:
National Archives at College Park, MD

Collection:
Records of the Federal Reserve System

Citation:
Federal Reserve Bank of New York, 1933, Box 2165, Folder 5: State Moratoria, Banking Holiday, FRBank New York, from Records of the Federal Reserve System, accessed Aug 1, 2014 from FRASER, http://fraser.stlouisfed.org/docs/historical/nara/nara_rg082_e02_b2165_05.pdf

Authors:

Date: 1933
Authors: Federal Reserve Bank of New York

Box 2165, Folder 6: State Moratoria, Banking Holiday, FRBank Philadelphia

Box 2165, Folder 6: State Moratoria, Banking Holiday, FRBank Philadelphia


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Description:
Banking holidays and moratoria in the 3rd Federal Reserve district.

Date:
1933,

Source:
National Archives at College Park, MD

Collection:
Records of the Federal Reserve System

Citation:
Federal Reserve Bank of Philadelphia, 1933, Box 2165, Folder 6: State Moratoria, Banking Holiday, FRBank Philadelphia, from Records of the Federal Reserve System, accessed Aug 1, 2014 from FRASER, http://fraser.stlouisfed.org/docs/historical/nara/nara_rg082_e02_b2165_06.pdf

Authors:

Date: 1933
Authors: Federal Reserve Bank of Philadelphia

Box 2165, Folder 7: State Moratoria, Banking Holiday, FRBank Cleveland

Box 2165, Folder 7: State Moratoria, Banking Holiday, FRBank Cleveland


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Description:
Banking holidays and moratoria in the 4th Federal Reserve district.

Date:
1933,

Source:
National Archives at College Park, MD

Collection:
Records of the Federal Reserve System

Citation:
Federal Reserve Bank of Cleveland, 1933, Box 2165, Folder 7: State Moratoria, Banking Holiday, FRBank Cleveland, from Records of the Federal Reserve System, accessed Aug 1, 2014 from FRASER, http://fraser.stlouisfed.org/docs/historical/nara/nara_rg082_e02_b2165_07.pdf

Authors:

Date: 1933
Authors: Federal Reserve Bank of Cleveland

Box 2165, Folder 8: State Moratoria, Banking Holiday, Richmond

Box 2165, Folder 8: State Moratoria, Banking Holiday, Richmond


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Description:
Banking holidays and moratoria in the 5th Federal Reserve district.

Date:
1932-1933,

Source:
National Archives at College Park, MD

Collection:
Records of the Federal Reserve System

Citation:
Federal Reserve Bank of Richmond, 1933, Box 2165, Folder 8: State Moratoria, Banking Holiday, Richmond, from Records of the Federal Reserve System, accessed Aug 1, 2014 from FRASER, http://fraser.stlouisfed.org/docs/historical/nara/nara_rg082_e02_b2165_08.pdf

Authors:

Date: 1933
Authors: Federal Reserve Bank of Richmond

Box 2165, Folder 9: State Moratoria, Banking Holiday, FRBank Atlanta

Box 2165, Folder 9: State Moratoria, Banking Holiday, FRBank Atlanta


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Description:
Banking holidays and moratoria in the 6th Federal Reserve district.

Date:
1932-1933,

Source:
National Archives at College Park, MD

Collection:
Records of the Federal Reserve System

Citation:
Federal Reserve Bank of Atlanta, 1933, Box 2165, Folder 9: State Moratoria, Banking Holiday, FRBank Atlanta, from Records of the Federal Reserve System, accessed Aug 1, 2014 from FRASER, http://fraser.stlouisfed.org/docs/historical/nara/nara_rg082_e02_b2165_09.pdf

Authors:

Date: 1933
Authors: Federal Reserve Bank of Atlanta

Box 2166, Folder 1: State Moratoria, Banking Holiday, FRBank Saint Louis

Box 2166, Folder 1: State Moratoria, Banking Holiday, FRBank Saint Louis


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Description:
Banking holidays and moratoria in the 8th Federal Reserve district.

Date:
1932-1933,

Source:
National Archives at College Park, MD

Collection:
Records of the Federal Reserve System

Citation:
Federal Reserve Bank of St. Louis, 1933, Box 2166, Folder 1: State Moratoria, Banking Holiday, FRBank Saint Louis, from Records of the Federal Reserve System, accessed Aug 1, 2014 from FRASER, http://fraser.stlouisfed.org/docs/historical/nara/nara_rg082_e02_b2166_01.pdf

Authors:

Date: 1933
Authors: Federal Reserve Bank of St. Louis

Box 2166, Folder 2: State Moratoria, Banking Holiday, FRBank Minneapolis

Box 2166, Folder 2: State Moratoria, Banking Holiday, FRBank Minneapolis


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Description:
Banking holidays and moratoria in the 9th Federal Reserve district.

Date:
1933,

Source:
National Archives at College Park, MD

Collection:
Records of the Federal Reserve System

Citation:
Federal Reserve Bank of Minneapolis, 1933, Box 2166, Folder 2: State Moratoria, Banking Holiday, FRBank Minneapolis, from Records of the Federal Reserve System, accessed Aug 1, 2014 from FRASER, http://fraser.stlouisfed.org/docs/historical/nara/nara_rg082_e02_b2166_02.pdf

Authors:

Date: 1933
Authors: Federal Reserve Bank of Minneapolis

Box 2166, Folder 3: State Moratoria, Banking Holiday, FRBank Kansas City

Box 2166, Folder 3: State Moratoria, Banking Holiday, FRBank Kansas City


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Description:
Banking holidays and moratoria in the 10th Federal Reserve district.

Date:
1932-1933,

Source:
National Archives at College Park, MD

Collection:
Records of the Federal Reserve System

Citation:
Federal Reserve Bank of Kansas City, 1933, Box 2166, Folder 3: State Moratoria, Banking Holiday, FRBank Kansas City, from Records of the Federal Reserve System, accessed Aug 1, 2014 from FRASER, http://fraser.stlouisfed.org/docs/historical/nara/nara_rg082_e02_b2166_03.pdf

Authors:

Date: 1933
Authors: Federal Reserve Bank of Kansas City

Box 2166, Folder 4: State Moratoria, Banking Holiday, FRBank Dallas

Box 2166, Folder 4: State Moratoria, Banking Holiday, FRBank Dallas


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Description:
Banking holidays and moratoria in the 11th Federal Reserve district.

Date:
1932-1933,

Source:
National Archives at College Park, MD

Collection:
Records of the Federal Reserve System

Citation:
Federal Reserve Bank of Dallas, 1933, Box 2166, Folder 4: State Moratoria, Banking Holiday, FRBank Dallas, from Records of the Federal Reserve System, accessed Aug 1, 2014 from FRASER, http://fraser.stlouisfed.org/docs/historical/nara/nara_rg082_e02_b2166_04.pdf

Authors:

Date: 1933
Authors: Federal Reserve Bank of Dallas

Box 2166, Folder 5: State Moratoria, Banking Holiday, FRBank San Francisco

Box 2166, Folder 5: State Moratoria, Banking Holiday, FRBank San Francisco


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Description:
Banking holidays and moratoria in the 12th Federal Reserve district.

Date:
1932-1933,

Source:
National Archives at College Park, MD

Collection:
Records of the Federal Reserve System

Citation:
Federal Reserve Bank of San Francisco, 1933, Box 2166, Folder 5: State Moratoria, Banking Holiday, FRBank San Francisco, from Records of the Federal Reserve System, accessed Aug 1, 2014 from FRASER, http://fraser.stlouisfed.org/docs/historical/nara/nara_rg082_e02_b2166_05.pdf

Authors:

Date: 1933
Authors: Federal Reserve Bank of San Francisco

Box 2166, Folder 6: State Banking Holidays, State Moratoria

Box 2166, Folder 6: State Banking Holidays, State Moratoria


View Issue

Description:
State banking holidays and related responses to the banking emergency.

Date:
1933,

Source:
National Archives at College Park, MD

Collection:
Records of the Federal Reserve System

Citation:
Board of Governors of the Federal Reserve System (U.S.)?, 1933, Box 2166, Folder 6: State Banking Holidays, State Moratoria, from Records of the Federal Reserve System, accessed Aug 1, 2014 from FRASER, http://fraser.stlouisfed.org/docs/historical/nara/nara_rg082_e02_b2166_06.pdf

Authors:

Date: 1933
Authors: Board of Governors of the Federal Reserve System (U.S.)?

Box 2166, Folder 7: States, Ala-Mont, State Banking Holidays

Box 2166, Folder 7: States, Ala-Mont, State Banking Holidays


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Description:
News of status of state banks, by state, Alabama-Montana.

Date:
1933,

Source:
National Archives at College Park, MD

Collection:
Records of the Federal Reserve System

Citation:
1933, Box 2166, Folder 7: States, Ala-Mont, State Banking Holidays, from Records of the Federal Reserve System, accessed Aug 1, 2014 from FRASER, http://fraser.stlouisfed.org/docs/historical/nara/nara_rg082_e02_b2166_07.pdf

Date: 1933

Box 2166, Folder 8: States, Neb-Wyo, State Banking Holidays

Box 2166, Folder 8: States, Neb-Wyo, State Banking Holidays


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Description:
News of status of state banks, by state, Nebraska-Wyoming, plus Cuba.

Date:
1933,

Source:
National Archives at College Park, MD

Collection:
Records of the Federal Reserve System

Citation:
1933, Box 2166, Folder 8: States, Neb-Wyo, State Banking Holidays, from Records of the Federal Reserve System, accessed Aug 1, 2014 from FRASER, http://fraser.stlouisfed.org/docs/historical/nara/nara_rg082_e02_b2166_08.pdf

Date: 1933

Documents and Statements Pertaining to the Banking Emergency

Documents and Statements Pertaining to the Banking Emergency


Go to Publication

Description:
Documents and statements pertaining primarily to the emergency banking restrictions and regulations are presented as Part I of this publication, and material pertaining primarily to gold, currency, and foreign exchange is presented as Part II.

Citation:
United States. Congress, United States. Dept. of the Treasury and United States. President, ([year]), Documents and Statements Pertaining to the Banking Emergency, [issue title/date], accessed Aug 1, 2014 from FRASER, http:fraser.stlouisfed.org/publication/?pid=709

Authors:

Topics:

Availability: 1933 to 1933
Authors: United States. Congress, United States. Dept. of the Treasury, United States. President

Gold Regulations Prescribed by the Secretary of the Treasury under Executive Order of August 28, 1933

Gold Regulations Prescribed by the Secretary of the Treasury under Executive Order of August 28, 1933


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Description:
Relating to the hoarding, export, and earmarking of gold coin, bullion, or currency and to transactions in foreign exchange.

OCLC:
6644980

Citation:
United States. Dept. of the Treasury, ([year]), Gold Regulations Prescribed by the Secretary of the Treasury under Executive Order of August 28, 1933, [issue title/date], accessed Aug 1, 2014 from FRASER, http:fraser.stlouisfed.org/publication/?pid=711

Authors:

Topics:

Date: 1933
Authors: United States. Dept. of the Treasury

Interpretation of Banking Act of 1933

Interpretation of Banking Act of 1933


Go to Publication

Description:
Example of letter sent to the Federal Reserve Bank of Kansas City regarding savings pass book interest. Identical letters sent to all Federal Reserve Banks.

OCLC:
27715658

Citation:
United States. Dept. of the Treasury, ([year]), Interpretation of Banking Act of 1933, [issue title/date], accessed Aug 1, 2014 from FRASER, http:fraser.stlouisfed.org/publication/?pid=712

Authors:

Topics:

Date: 1933
Authors: United States. Dept. of the Treasury

Public Law 73-1, 73d Congress, H.R. 1491: An Act to provide relief in the existing national emergency in banking, and for other purposes.

Public Law 73-1, 73d Congress, H.R. 1491: An Act to provide relief in the existing national emergency in banking, and for other purposes.


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Description:
41 Stat. 1

Citation:
United States. Congress, ([year]), Public Law 73-1, 73d Congress, H.R. 1491: An Act to provide relief in the existing national emergency in banking, and for other purposes., [issue title/date], accessed Aug 1, 2014 from FRASER, http:fraser.stlouisfed.org/publication/?pid=1098

Authors:

Topics:

Date: 1933
Authors: United States. Congress

Recollections of the banking crisis in 1933

Recollections of the banking crisis in 1933


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Date:
Reproduced with permission.

Collection:
Meltzer, A History of the Federal Reserve Volume 1, 1913-1951

Volume:
43

ISSN:
0007-6805

Citation:
Awalt, Francis Gloyd, 1969, Recollections of the banking crisis in 1933, from Meltzer, A History of the Federal Reserve Volume 1, 1913-1951, accessed Aug 1, 2014 from FRASER, http://fraser.stlouisfed.org/meltzer/record.php?id=4254

Authors:

Date: 1969
Authors: Awalt, Francis Gloyd

Regulations Relating to Licensing the Purchase and Export of Gold

Regulations Relating to Licensing the Purchase and Export of Gold


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OCLC:
42932323

Citation:
United States. Dept. of the Treasury, ([year]), Regulations Relating to Licensing the Purchase and Export of Gold, [issue title/date], accessed Aug 1, 2014 from FRASER, http:fraser.stlouisfed.org/publication/?pid=713

Authors:

Topics:

Date: 1933
Authors: United States. Dept. of the Treasury