First National Bank of Washington Fails

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Summary

The First National Bank of Washington fails. At the time, the Smithsonian has $8,224.87 on deposit. Of this amount, the Institution will receive half during the next year, leaving a loss of $4,112.43. The amount on deposit (without any accrued interest) will be fully repaid during 1876.

Subject

First National Bank of Washington

Category

Chronology of Smithsonian History

Notes

  • Annual Report of the Smithsonian Institution for the year 1873
  • Annual Report of the Smithsonian Institution for the year 1874, p. 9
  • Annual Report of the Smithsonian Institution for the year 1876, p. 14

Contact information

Institutional History Division, Smithsonian Institution Archives, 600 Maryland Avenue, S.W., Washington, D.C. 20024-2520, SIHistory@si.edu

Date

September 19, 1873

Topic

  • Losses
  • Finance

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