The Mitchell Street State Bank was one of seven Milwaukee banks that were put on moratorium on July 19, 1932 by state banking authorities. The banks could receive new deposits and permit withdrawals against the new deposits.

The existing deposits earned 3% and were to be paid out over three years on the following schedule:

Date	Amount Payable
January 19, 1933	5%
July 19, 1933	5%
November 19, 1933	10%
March 19, 1934	10%
July 19, 1934	15%
November 19, 1934	15%
March 19, 1935	20%
July 19, 1935	20%

Eight different certificates of deposit like the one shown above were issued to all depositors with due dates as listed in the table. The bank was returned to good standing by February 20, 1934 and all of the certificates were then payable on demand.