gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
0331e609f8bc3308
Response Measures
None
Events (1)
1.August 25, 1923Run
Cause
Rumor Or Misinformation
Cause Details
An unknown woman reportedly told depositors the bank was about to be closed by examiners, precipitating withdrawals.
Random Run
Yes
Random Run Snippet
Woman told depositors bank was about to be closed by examiners; deposits returned
Measures
Posted notice enforcing 60-day notice for savings withdrawals and continued to pay commercial accounts; officials reassured public.
Newspaper Excerpt
Notice was posted tonight at the Home Savings & Trust company, one of the largest state banks in Denver, that effective at once the bank would insist that savings depositors give 60 days notice of intention to withdraw their funds, as required by law.
WOMAN SPREADS REPORT BANK ABOUT TO SUSPEND
Institution in Good Financial Condition Say Officers. Business Men Come to Rescue.
Denver, Colo., Aug. 25.—Notice was posted tonight at the Home Savings & Trust company, one of the largest state banks in Denver, that effective at once the bank would insist that savings depositors give 60 days notice of intention to withdraw their funds, as required by law. The rule provided for in regulations governing each savings account, has not been enforced in Denver. Commercial accounts will be paid at once, it was announced.
NOTICE IS POSTED THAT 60 DAY NOTICE MUST BE GIVEN TO GET FUNDS
DENVER, Aug. 25.—Notice was posted tonight at the Home Savings and Trust company, one of the largest state banks in Denver, that effective at once the bank would insist that savings depositors give 60 days notice of intention to withdraw their funds, as required by law. The rule provided for in regulations governing each savings account, has not been enforced in Denver. Commercial accounts will be paid at once, it was announced.
In Good Condition
Earlier in the day, and during a part of yesterday, scores of depositors withdrew their funds from the bank. Officials of the institution declared it was in first class condition and during the day all money was paid as soon as pass books were presented.
Bank officials explained that enforcement of the 60 day notice rule for savings depositors was determined on for the protection both of the bank and its depositors. Vice President M. A. McLaughlin said:
3.August 27, 1923Medford Mail TribuneMedford, OR
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Article Text
PEEVED LADY STARTS RUN ON BANK
DENVER, Aug. 27.—The posting of a notice at the Home Savings and Trust company, one of the largest state banks in Denver, Saturday, requiring depositors to give sixty days notice of intention to withdraw their savings fund as required by law, today apparently had stopped what threatened for a time to develop into a heavy "run" on the bank. Only a few customers were in the bank this morning in contrast to several hundred who crowded up to the paying windows throughout Saturday.
Frank Bishop, president of the bank, declared many of the customers today were depositing money instead of withdrawing it.
Police and attaches of the district attorney's office were continuing their investigation today of the report that the "run" was instigated by a woman who held a grievance against certain directors of the bank.
4.August 27, 1923Reno Gazette-JournalReno, NV
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Article Text
RUN ON DENVER BANK STOPPED BY NOTICE
DENVER, Aug. 27.—The posting of a notice at the Home Savings and Trust Company, one of the largest state banks in Denver, Saturday, requiring depositors to give sixty days' notice of intention to withdraw their savings funds, as required by law today apparently had stopped what threatened for a time to develop into a heavy "run" on the institution.
5.August 27, 1923The Daily SentinelGrand Junction, CO
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Article Text
NOTICE HALTS WITHDRAWALS DENVER BANK
Run On Home Savings & Trust Company Halted By Application of Time Limit for Withdrawal of Savings.
[By Associated Press.]
Denver, Aug. 27.—The posting of a notice by the Home Savings Bank & Trust Company, one of the largest state banks of this city, requiring depositors to give sixty days' notice of intention to withdraw savings, has apparently stopped what threatened to be a heavy run. There were only a few customers in the bank this morning.
FORD RUNABOUT STOLEN TODAY IN PALISADE
6.August 27, 1923The Santa Fe New MexicanSanta Fe, NM
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Article Text
Law Invoked to Prevent Run on Bank in Denver
Denver, Colo., Aug. 27.—The posting of a notice at the Home Savings and Trust company, one of the largest state banks in Denver, Saturday, requiring depositors to give 60 days notice of intention to withdraw their savings funds, as required by law today apparently had stopped what threatened for a time to develop into a heavy "run" on the institution.
Only a few customers were in the bank this morning, in contrast to several hundred who crowded up to the paying windows throughout Saturday.
Frank Bishop, president of the bank, declared many of the customers today were depositing money instead of withdrawing it. The bank is in a position to meet its clearings today, he said, indicating that the amount of drafts against commercial accounts probably would be smaller than had been anticipated. Scores of depositors were paid
7.August 27, 1923The Bellingham HeraldBellingham, WA
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Article Text
Threatened Run On Denver Bank Halted
D E N V E R, Aug. 27.—(AP)—The posting of a notice at the Home Savings & Trust company, one of the largest state banks in Denver, Saturday, requiring depositors to give sixty days' notice of intention to withdraw their savings funds as required by law, today apparently had stopped what threatened for a
8.August 28, 1923The Cleveland PressCleveland, OH
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Article Text
BLAME WOMAN FOR RUN
Depositors in Denver Bank Say Stranger Started Stampede
By United News
DENVER, Colo., Aug. 28—An unknown woman is believed by police to have caused the run on the Home Savings Bank & Trust Co., which started Friday night and continued until Sunday.
Hundreds stampeded to withdraw their savings accounts, and many of them said a woman had told them the bank was about to be closed by examiners. Depositors were return-
Denver, Colo., Aug. 27.—The posting of a notice at the Home Savings and Trust company, one of the largest state banks in Denver, Saturday, requiring depositors to give sixty days notice of intention to withdraw their savings fund as required by law, today apparently had stopped what threatened for a time to develop into a heavy "run" on the institution.
Only a few customers were in the bank this morning, in contrast to several hundred who crowded up to the paying windows throughout Saturday.
Frank Bishop, president of the bank, declared many of the customers today were depositing money instead of withdrawing it. The bank is in a position to meet its clearings today, he said, indicating that the amount of drafts against commercial accounts probably would be smaller than had been anticipated.
10.August 28, 1923The Birmingham Age-HeraldBirmingham, AL
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Article Text
FAKE RUN ON BANK DENVER, Col., August 27.-An unknown woman, police believe Monday, was responsible for the run on the Home Savings Bank and Trust company which started Friday night and continued until Sunday. Hundreds stampeded to withdraw their drawing accounts, and many of them said a woman had told them the bank was about to be closed by examiners. Depositors were returning their money to the bank Monday and police continued their search for the woman. She is subject to a $300 fine and a year in prison if caught.
11.August 28, 1923The Los Angeles TimesLos Angeles, CA
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Article Text
THREATENED "RUN" ON DENVER BANK STOPS
[BY A. P. NIGHT WIRE.]
DENVER, Aug. 27.—The posting of a notice at the Home Savings and Trust Company, one of the largest State banks in Denver, Saturday, requiring depositors to give sixty days' notice of intention to withdraw their savings funds as required by law, today apparently had stopped what threatened for a time to develop into a heavy "run" on the institution. Only a few customers were in the bank
12.August 28, 1923Bakersfield Morning EchoBakersfield, CA
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Article Text
BANK STOPS RUN
DENVER, Aug. 27.—The posting of a notice at the Home Savings and Trust Company, one of the largest state banks in Denver, Saturday, requiring depositors to give sixty days notice of intention to withdraw their savings funds, as required by law, today apparently had stopped what threatened for a time to develop into a heavy "run" on the institution.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
