Ann Arbor, Michigan banker and commissioner of the Michigan Banking Department during the depression. Correspondence and other papers concerning his activities as banking commissioner and officer of the Michigan Bankers Association; includes letters from Mrs. Christine Reichert to her children while touring Europe, mainly Germany, on the eve of World War II, 1939; also letters between Reichert and British manufacturer in which British-American foreign policy is discussed, 1939-1945; and photographs.
The Reichert papers span the period 1907-1965 but bulk largest for the years 1927-1936. The collection deals with Reichert's career as Commissioner of the State Banking Department of Michigan, his activities as a local bank president in Ann Arbor, an officer in the Michigan Bankers Association, and a stockholder in the Argus Corporation. There are a few scattered items of a personal nature, in short, such personal correspondence as was handled through his business office.
The papers are rich in materials on the financial crisis in Michigan during the Great Depression when he was Banking Commissioner. Reichert was also active until the early 1950's in the framing of both state and federal legislation dealing with banks, federal deposit insurance, etc., and he carried on a full correspondence with Congressman Earl Michener and Senator Arthur Vandenberg on these legislative matters. Considerable material exists on the Michigan Bankers Association, especially for the years 1941-1944, when he was an officer of the group. There is some material on Republican party matters, but it is not very full.
Ann Arbor's business and financial life is well covered for the whole period, including material on Argus, Inc. for the post-war period. The effect of both the depression and the war on small town economic life is particularly well documented. There is an interesting series of letters, 1939-1945, between Reichert and a British rope manufacturer named Hendy, in which British and American policy in foreign affairs and the conduct of the war is argued at length.
The collection has been divided into the following series: Professional Papers; State Banking Department and related; Biographical/Personal; and Photographs.