Article Text
Correspondent of Italian Bank Closes Associated Press NEW YORK, Dec. 29. - The Italian Discount and Trust Company here, the correspondent of the Banca Italiaani Disconte of Rome, closed its doors today following a run,
Italian Discount & Trust Company (New York, NY)
Episode Information
- Episode UID
1030371464- Episode Type
- Run → Suspension → Reopening
- Bank Type
- trust
- Bank ID
-
103037routing - Routing Number
1-0303- Start Date
- December 29, 1921
- Location
- New York, New York (40.714, -74.006)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
6e7f3f107f7ab0c2
Response Measures
None
Description
Run was triggered by suspension of its Rome correspondent; state superintendent then took charge.
Events (3)
1.
December 29, 1921
Run
- Cause
- Correspondent
- Cause Details
- Run followed suspension/closure of its correspondent, the Banca Italiana di Sconto in Rome.
- Measures
- Payments suspended for the day; state superintendent took charge.
- Newspaper Excerpt
- The Italian Discount and Trust Company ... closed its doors this forenoon following a run.
- Source
- newspapers
2.
December 29, 1921
Suspension
- Cause
- Government Action
- Cause Details
- Closed by the New York State superintendent of banks after the depositor run; superintendent took charge.
- Newspaper Excerpt
- was closed this afternoon by the state banking department following a run on it by depositors.
- Source
- newspapers
3.
February 15, 1922
Reopening
- Newspaper Excerpt
- The Italian Discount and Trust Company ... will reopen its offices Wednesday morning, February 15, at 10 o'clock for the transaction of customary business.
- Source
- newspapers
Newspaper Articles (14)
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Article Text
NEW YORK BANK CLOSES, New York, Dec. 29A-The Italian Discount and Trust Co. at 399 Broadway, N. Y., correspondent for the Banca Italiana di Scionto of Rome which has been closed also closed its doors today following a run.
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Article Text
New York Bank Closes Doors After Short Run NEW YORK, Dec. 29.-The Italian Discount & Trust Company, of New York, correspondent of the Banca Italiana si Sconto, of Rome, which has been suspended, also closed its doors this forenoon following a run.
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Article Text
(BULLETIN) !INTERNATIONAL NEWS SERVICE NEW YORK, Dec. 29. - The Italian Discount & Trust Company at 399 Broadway, was closed this afternoon by the state banking department following a "run" on it by depositors. The institution was the New York agent of the Banco Discor ) of Rome, which suspended today. The Italian Discount and Trust Company has a capital of $1,000,000 and deposits of more than $12,000,000.
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Article Text
BRANCH ITALIAN BANK IN NEW YORK CLOSES NEW YORK, Dec. 29.-The Italian Discount & Trust Company, New York correspondents of the Banka Italiana Sconto of Rome, which has been suspended, also closed its doors, following the run.
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Article Text
Trust Co. Closes NEW YORK, Dec. 29.-The Italian Discount and Trust Company at 319 Broadway, New York correspondent of the Banca Italiana Di Sconto, of Rome, which has been closed. also closed its doors today following a run. The local institution is capitalized at $1,000,000. has surplus and profits of $750,000, and deposits of $13,000,000. Company officials said payments had been suspended "for the day" and that a statement would be made later.
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Article Text
New York Branch of Italian Bank Closes Its Doors New York, Dec. 20.-The Itallan Discount & Trust company at 399 Broadway, New York, correspondent of the Banca Italian di Sconto of Rome which has been closed, also closed its doors today following a run.
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Article Text
RUN CLOSES TRUST CO. N. Y. Correspondent of Italian Bank Forced to Suspend Business. By Associated Press to Every Evening New York, Dec. 29.-The Italian Discount and Trust Company at 399 Broadway, New York, correspondent of the Banca Italiana di Sconto " Rome, which has been closed. also closed its doors today following 3 run.
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Article Text
ITALIAN BANK CLOSES NEW YORK, Dec. 29.--(A. - P.) The Italian Discount and Trust Company, correspondent of the Banca of Italiana Di Sconto of Rome, also closed its doors today following a run.
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Article Text
New York, December 29.-The Italian Discount and Trust company at 399 Broadway, New York, correspondent of the Banco Italiani di Sconto of Rome, which has been closed, also closed its doors today following a run.
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Article Text
New York Branch Suspends. New York, Dec. 30.-Following a run lasting two hours, the Italian Discount and Trust company, 399 Broadway, closed its doors. The company is the New York agent of the Banca Italiania di Sconto of Italy. George V. McLaughlin, state superintendent of banks, took charge of the institution. which was capitalized at $1,000,000 and had gross deposits of $12,000,000. It has a large credit with the Guaranty Trust company.
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Article Text
ITALIAN BANK CLOSES NEW YORK, Jan. 3-The Italian Discount & Trust Company, New York correspondent of the Banka Italiana Si Sconto, of Rome, has closed its doors, following a run. The run was occasioned by the recent suspension of the Rome institution.
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Article Text
Italian Discount Plans To Reopen Wednesday Bank Superintendent Gives In. stitution Clean Bill of Health After Closing The Italian Discount and Trust Company, 399 Broadway, which temporarily suspended its activities on December 29 last, will reopen its offices Wednesday morning, February 15, at 10 o'clock. for the transaction of customary bust ness. The company has cash on hand and in approved depositaries in this country to pay all dollar deposits, as well 83 sufficient foreign currencies to meet all claims in those currencies. accord. ing to the statement of its condition just issued. In addition, the statement shows that the company's capital is intact and that the company is not only sound and liquid, but also in a very strong position. After carefully going over the books the Superintendent of Banks, State as New York, has released the company from supervision with a clean state.
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Article Text
ITALIAN BANK REOPENS TO-DAY The Italian Discount and Trust Company, which temporarily suspended activities at 399 Broadway in December, will reopen for business to-morrow. The company has cash on hand and in approved depositories in this country, according to announcement yesterday, to pay all deposits, and sufficient foreign currencies to meet all claims in such currencies. The statement said that the company's capital was intact and its assets sound and liquid.