When the Chinese Red Army's First Front began their Long March in October 1934, the Communist bank was part of the retreating force, with 14 bank employees, over a hundred coolies and a company of soldiers escorting them while they carried all of the money and mint machinery. One of the important tasks of the bank during the Long March whenever the Chinese Red Army stayed in a place for longer than a day was to tell the local population to exchange any Communist paper bills and copper coins to goods and currency used in nationalist controlled regions, so that the local population would not be persecuted by the pursuing nationalists after the Communists had left. After the Zunyi Conference, it was decided that carrying the entire bank on the march was not practical, so on January 29, 1935, at Earth Town (Tucheng, 土城), the bank employees burned all Communist paper bills and mint machinery under order.