Bank Holiday, the Emergency Banking Act, and State Bank Reopenings (Mar–Jun 1933)

1. Nationwide bank shutdown begins under Proclamation 2039

   Mar 6, 1933Labels: Proclamation 2039, Franklin D, National bank

   • Presidency Project
   • Fed History

2. Congress convenes in special session on banking emergency

   Mar 9, 1933Labels: Congress, Franklin D, Special session

   • Fed History
   • LoC Guide

3. Emergency Banking Act becomes law

   Mar 9, 1933Labels: Emergency Banking, Congress, Federal Reserve

   • Fed History
   • Yale JFC

4. Proclamation 2040 extends the bank holiday

   Mar 9, 1933Labels: Proclamation 2040, Franklin D, Bank holiday

   • Presidency Project

5. Executive Order 6073 sets reopening authority and procedures

   Mar 10, 1933Labels: Executive Order, Franklin D, Bank reopening

   • Yale Doc
   • LoC Guide

6. Treasury issues emergency regulations limiting withdrawals and hoarding

   Mar 12, 1933Labels: U S, Emergency regulations, Withdrawal limits

   • FRASER

7. Roosevelt’s first fireside chat explains the bank plan

   Mar 12, 1933Labels: Fireside Chat, Franklin D, Public address

   • Miller Center
   • WH Archives

8. Federal Reserve Banks and first wave of city banks reopen

   Mar 13, 1933Labels: Federal Reserve, City banks, Reopening wave

   • Fed History
   • Yale JFC

9. Reopenings expand to more cities and clearinghouse networks

   Mar 14, 1933Labels: Clearinghouses, City banks, Reopening expansion

   • Yale JFC

10. General resumption of business for licensed banks

    Mar 15, 1933Labels: Licensed banks, Bank resumption, Supervised reopening

    • Yale JFC
    • New Bagehot

11. Conservators and state authorities take over weak banks

    Mar 31, 1933Labels: Conservatorship, State authorities, Weak banks

    • Mich L Rev
    • FRASER

12. Banking crisis response closes with widespread licensing and restored confidence

    Apr 12, 1933Labels: Licensing program, Banking restoration, Deposit flows

    • Encyclopedia
    • Yale JFC