National City Bank - Seattle, WA

Episode Information

Episode UID: 1002601406
Episode Type: Run Only
Bank Type: national
Bank ID: 100260 national
Charter Number: 10026
Start Date: February 1, 1917
Location: Seattle, Washington (47.606, -122.332)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 5bcfe9a1237e7a79

Response Measures

Clearinghouse loan, Fed/other loan, Public signal of financial health

Clearinghouse involved: Yes (loan, examination, or other measures)

Events (2)

1. June 1, 1911 Chartered

Source: historical_nic

2. February 1, 1917 Run

Cause: Local Banks
Cause Details: City-wide panic tied to heavy withdrawals at other local banks (notably Scandinavian-American), prompting runs across Seattle.
Measures: Clearing house guarantee to stand behind every open bank; Federal Reserve Bank (San Francisco) pledged up to $68,000,000 in gold to ship as needed.
Newspaper Excerpt: This city's freak panic stopped today... the clearing house announced this morning that it would 'stand behind every bank open for business in Seattle today.'
Source: newspapers

Newspaper Articles (1)

1. February 1, 1917 The Seward Gateway and the Alaska Evening Post Seward, AK

Article from The Seward Gateway and the Alaska Evening Post, February 1, 1917

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Article Text

SEATTLE'S QUEER PANIC COMES TO QUICK END SEATTLE, Thursday, Feb. 1.-This city's freak panic stopped today with the suddeness that it started, when the clearing house announced this morning that it would "stand behind every bank open for business in Seattle today." The guarantee stopped all runs save the one at the Scandinavian-American and the withdrawals from that institution are not nearly so heavy as yesterday. The guarantee by the Federal reserve bank at San Francisco, to ship all money needed up to $68,000,000 in gold enabled the clearing house to take a firm stand and the people finding that their money was safe were satisfied.