gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
6ba01181e254f24c
Response Measures
Accommodated withdrawals, Borrowed from banks or large institutions, Capital injected, Full suspension, Books examined
Clearinghouse involved: Yes
(loan, examination, or other measures)
Events (5)
1.July 29, 1886Chartered
Source
historical_nic
2.January 19, 1891Run
Cause
Correspondent
Cause Details
Heavy withdrawals triggered by loss of confidence as the bank had assisted several failing correspondent banks in Kansas and news of that distress spread.
Measures
Requests for assistance from clearing house; paying depositors as possible; subsequently examiner took charge.
Newspaper Excerpt
there had been a very heavy run on the bank and that the situation looked serious.
Source
newspapers
3.January 19, 1891Suspension
Cause
Government Action
Cause Details
National bank examiner assumed control (suspension) after a heavy run and failure to secure clearing-house support.
Newspaper Excerpt
The American National Bank ... was taken charge of this morning by F. E. Marshall, national bank examiner for the State of Missouri.
Source
newspapers
4.March 31, 1891Reopening
Newspaper Excerpt
Business Resumed. ... The American National Bank ... resumed business this morning with over $1,725,000 in cash in its vaults.
Source
newspapers
5.July 27, 1907Voluntary Liquidation
Source
historical_nic
Newspaper Articles (24)
1.January 19, 1891Alexandria GazetteAlexandria, VA
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Bank Troubles. KANSAS CITY, Jan. 19.-The American National Bank, of this city, WAS taken charge of this morning by F. E. Marshell, national bank examiner for the State of Missouri. The capital stock of the bank is $1,250,000. No statement of the liabilities or assets can be obtained. As a result of the failure a great deal of uneasiness has been created among the dispositors of the Kansas City Sife and Savings Deposit Bank, which is in the same building with the American National Bank, and is supposed, by many, to_ be connected with it, and there is a tremenduous run on that institution. The bank is paying all depositors promptly, and officials claim that they can meet all obligations. The bank is in no way connected. with the American National.
2.January 19, 1891Evening Capital JournalSalem, OR
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FINANCIAL. ANOTHET BANK FAILURE. KANSAS CITY Mo., Jan. 19.-The National Bank Examiner for Missouri took charge of the American National bank of this city this morning. The Capital Stock of the bank is $125,000. No statement of the liabilities or assets can be obtained. As a result of the failure a great deal of uneasiness is created among depositors with the Kansas City Safe & Savings deposit bank, and the American National bank, which are supposed by many to be connected with the American National bank. There is a run on the first named bank, which 18 paying all depositors promptly, and the officials claim they can meet all obligations. NEW YORK, Jan. 19.-The Chemical bank, the Seaboard National, and the United States National banks of this city, correspondents of the American National bank of Kansas City, will not be affected by the failure. CHICAGO, Ill., Jan. 19.-The Merchants' National bank of this city, correspondent of the bank at Kan sas City that failed to-day, will not feel the effects of the suspension.
3.January 19, 1891Deseret Evening NewsSalt Lake City, UT
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Takes Charge of a Bank. KANSAS CITY, Mo., Jan. 19.-The National Bank examiner for Missouri took charge of the American National Bank in this city this morning. The capital stock of the bank is $125,000. No statement of habilities or assets can be obtained. During the early part of last week it became known to members of the Kansas City Clearing House Association that the bank was in need of assistance. A meeting of theassociation was called and a resolution adopted assuring the American that upon proper showing, assistance would be rendered to the amount of a million dollars. A committee was appointed to examine collaterals and on Saturday they reported that the paper offered was not such as the banks of the association would accept. Thisdecision made the failure of the bank inevitable and the bank examiner assumed charge of the concern. As a result of the failure a great deal of uneasiness was created among the depositors of the Kansas City Safe and Savings deposit bank and the American National bank, which are supposed by many to be connected with the American National bank. There is a run on the first named bank, which is paying all depositors promptly and officials claim that they can meet all obligations. WASHINGTON, Jan. 19. - Lacey, the comptroller of currency, received a telegrain this morning from Bank Examiner Marshal, announcing the suspension of the American National Bank, Kansas City. He said there had been a very heavy run on the bank and that the situation looked serious. He added, however, that he did not think the bank's liabilities exceeded a milNon dollars. The comptroller said he thought the bank was suffering from Its efforts to assist its correspondents In Kansas, four of which have failed recently.
4.January 20, 1891The Portland Daily PressPortland, ME
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culties and will probably assign. Liabilities are between $700,000 and $900,000, chiefly due their bankers. If the house goes down. Lindsay, Gilmour & Co. must follow suit with liabilities of $300,000. The American National Bank of Kansas City, Mo., was taken in charge by the United States Examiner yesterdav. A run on the Savings Bank, occupying the same building, was at once commenced, but all demands were promptly met The National Bank is said to owe over $8,300,000. President Stimson- says the failure was caused by lack of confidence which has pervaded the business world for the past few months. Liabilities, $2,250,000; nominal assets, $500,000.
5.January 20, 1891Santa Fe Daily New MexicanSanta Fe., Santa Fe, NM
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Inten se cold weather throughout Eur po. r , ident McGrath, of the Kansas Farmers' Alliance has been asked to re-ign on account of the Turner letter, and he declines to do it. A big Alliance brawlis on. The failure of the American National bank at Kansas City has caused a desperate run on the Kansas City safe deposit savings bank. In the Sioux council yesterday the Rosebuds boldly charged that the Ogao as had committed as many crimes as they had themselves. A bad feeling was also engendered by the statement of one chief that he intended to turn over all the Indians to the soldiers as a consequence of their actions. The collection of arms has been very unsatisfactory, only 104 having been given up.
6.January 21, 1891The Semi-Weekly TribuneGreat Falls, MT
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KANSAS CITY BANK FAILURE. The American National Suspends With Liabilities of $3,250,000. KANSAS CITY, Jan. 19.-The American National bank of this city was taken charge of this morning by F. E. Marshall, national bank examiner for the state of Missouri. The capital stock of the bank 18 $1,250,000. President Stimson authorized the following statement: The cause of the failure of the American National bank seems to have been indefinite lack of confidence which has pervaded the business world for the past few months. The rumor gained currency some three months ago that the bank was not in the best condition. Withdrawal of deposits followed immediately and with the growth of unfavorable reports withdrawals increased to an alarming extent. On the first of October the bank's statenent showed deposits had fallen off to $2,500,000, and Saturday night when the clearing house committee made its investigation there were found to aggregate only $1,400,000. The cash available at that time was $400,000. This decrease in deposits began with the stringency of eastern money markets and when the bank found itself obliged to negotiate a lone of $800,00 at least it was compelled to give as collateral their gilt-edged securities. When these drains upon the banks resources became generally known confidence was more and more impaired and finally a meeting of the clearing house was called, without the consent or knowledge of the bank. However, at the meeting a resolution was unanimously adopted extending an offer of assistance. When it became known the meeting had been held a run on the bank began extending over last Friday and Saturday. Then the bank called on the clearing house to make good its offer. A meeting was called last night. The bank's securities were examined and declared to be sufficient, but members of the clearing house could not agree, as to proportion of the whole amount of loan which each should pay. The discussion finally closed without any agreement having been reached and then the bank examiner was notified by president Stimson. No statement of assets and liabilities of the bank has been made. It IS estimated at $3,250,000 liabilities, $3,500,000, nominal assets. The principal stockholders of the bank reside in the east.
7.January 21, 1891Telegram-HeraldGrand Rapids, MI
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The Bank May Resume. KANSAS CITY, Mo., Jan. 20.-Bank examiner Marshal, dechned to make any statement concerning the affairs of the American National bank which suspended yesterday. There is some talk of the bank resuming business. President Stimson says if the stock. holders can repair the impaired capital of the bank, he sees nothing to prevent its resumition.
8.January 22, 1891Evening StarWashington, DC
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THE KANSAS CITY BANK.-Mr. Lacey, controller of the currency, has received a telegram from the examiner in charge of the American National Bank of Kansas City, Mo., saying that the excitement caused by the suspension of that bank has subsided. and that 80 far as he is able to judge none of the other national banks in the city is likely to be injured thereby.
KANSAS CITY, Mo, Jan. 21.-While the run inauguarted on the Kansas City Safe Deposit and Savings Bank last Monday morning continued this morning, the indications that the end is near are very strong. At the hour of opening there were not over 125 persons standing in line. Since then the line has decreased very materially. This, taken in connection with the fact that the bank bad over $900,000 in deposits on Monday morning, and that less than $70,000 has been paid out, shows that there is a strong undertone of con fidence among the depositors. There is nothing new this morning in connection with the American National Bank fuilure,
10.January 22, 1891San Antonio Daily LightSan Antonio, TX
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Another Bank Fails. KANSAS CITY, Jan. 22.-Bank of Downs, Mitchel county, suspends owing to suspension of American National of this city.
11.January 22, 1891St. Paul Daily GlobeSaint Paul, MN
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FINANCIAL REVERSES. Aftermath of the American National Bank Failure. ATCHISON, Kan., Jan. 21.-The Cawker City State bank has failed and is in the hands of a receiver. The liabilities and assets cannot be ascertained. This makes the third bank in Mitchell county that has failed this week, and the fourth within a week. NEW YORK, Jan. 21.-The property in this state of the American National Bank of Kansas City, Mo., has been attached by order of the supreme court in an action brought by the Bowery Savings bank to recover $429.
A Kansas City Bank Suspends. KANSAS CITY, Jan. 19.-The American National bank of this city was taken charge of this morning by F.E. Marshall, national bank examiner for the state of Missouri: The capital stock of the bank is $1,250,000; its estimated liabilities, $8,250,000; nominal assets, $8,500,000.
13.January 24, 1891Huntsville GazetteHuntsville, AL
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The Cause of the Failure. WASHINGTON, Jan. 20. - Mr. Lacey, Comptroler of the Currency, received a telegram this morning from Bank Examiner Marshall announcing the suspension of the American National Bank of Kansas City, Mo. He said that he received word from the examiner that there had been a very heavy run on the bank and that the situation looked serious. He added, however, that he did not think the bank's liabilities exceeded $1,000,000, which is $250,000 less than its capitalstock. In reply the Comptroler instructed him to take charge of the bank if the run continued this morning, and judging from the fact that the examiner had taken charge he supposed it had. The Comptroler said that while he had no definite information on the subject he supposed the bank was suffering from its efforts to assist its correspondents in Kansas, four of which had failed during the recent stringency.
A Kansas City Bank Suspends. Kansas CITY, Jan. 19.-The American National bank of this city was taken charge of this morning by F. E. Marshali, national bank examiner for the state of Missouri. The capital stock of the bank is $1,250,000; its estimated liabilities, $3,250,000; nominal assets, $8,500,000.
15.January 24, 1891Baxter Springs NewsBaxter Springs, KS
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The Comptroller's Opinion of the Failure. Washington, January 19.-Mr. Lacey, comptroller of the currency, received a telegram this morning from Bank Examiner Marshall, announcing the suspension of the American National bank of Kansas City, Mo. He said that he received word from the examiner that there had been a heavy run on the bank and that the situation looked serious. He added. however, he did not think the liabilities exceeded $1,000,000 which is $250,000 less than its. capital stock. In reply the comptroller instructed him to take charge of the bank in (case the run continued this morning, and from the fact that the examiner had taken charge, he supposed it had. The comptroller said that while he had no definite information on the subject he supposed the bank was suffering from its efforts to assist its correspondents in Kansas, four of which had failed during the recent stringency.
16.January 29, 1891Thomas County CatColby, KS
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American National Failure. KANSAS CITY, Mo.-The failure of the American National bank was caused by distrust. For weeks there have been rumors to the effect that the bank was unsafe. The quarterly statement made by the American National October 2 showed that it had nearly $4,200,000 on deposit. The distrust caused by the failures in the east added to reports set in circulation adverse to the bank caused its deposits to fall off $1,800,000 between the statement of October 2 and that of December 13. The deposits on December 19 were shown by the statement of that date to have been about $2,500,000. More than half of these were drawn out up to last Saturday night, when there remained $1,200,000, offset by cash and sight exchange to the amount of $400,000. The liabilities this morning are fixed at $3,500,000. The assets $2,250,000. The run which was begun on the Kansas City Safe Deposit and Savings bank continues to-day. As early as 7 o'clock there was a long line of depositors in front of the bank waiting for the doors to open. When the bank was opened at 9 o'clock there were more than 200 people in the line, and there was a rush for the paying teliers counter. Every one is paid as fast as their accounts can be settled. By noon the crowd had decreased somewhat and it is thought that the worst is over. While the paying teller has all he can attend to the receiving teller is not idle. There is much confidence in the ability of the bank and many are not afraid to show their confidence by entrusting their money to its keeping.
17.January 29, 1891Thomas County CatColby, KS
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Bank Failure at Kansas City, Mo. WASHINGTON, D. C., January 21.-Mr. Lacey, comptroller of the currency, received a telegram from Bank Examiner Marshall, announcing the suspension of the American National bank of Kansas City, Mo. He said that he received word from the examiner that there had been a heavy run on the bank, and that the situation looked serious. He added, however. he did not think the liabilities exceeded $1,000,000, which is $240,000 less than its capital stock. The comptroller said that while he had no definite information on the subject, he supposed the bank was suffering from its effects to assist its correspondents in Kansas, four of which had failed during the recent stringency. BULLENE, MOORE & EMERY'S CONDITION. KANSAS CITY, Mo.-A.message from Topeka to the Associated Press says that a report is current in that city that Bullene, Moore & Emery, the leading dry goods house of the city, had failed. The report is wholly without foundation, and contains no truth whatever. It is thought the failure of the American National bank will not affect any of the business houses of the city. It was generally known among business men that the bank was in embarrassed circumstances and they had withdrawn their deposits. The Safe Deposit and Savings bank is the only bank in the city that has suffered in the least from the failure of the American National. All the banks of the city were apprised of its condition and were prepared for an emergency. Π’ΠΎΡΠ΅ΠΊΠ».-Π’hΠ΅ failure of the American National bank at Kansas City does not affect any of the Topeka banks. The Central National bank is the only one whose correspondent the American National was. Mr. Bonebrake knew two weeks ago that the bank was shaky and took steps to protect his bank, with the result that instead of having a balance in the Kansas City institution, the Central National owes the American National $4,100.
The Liabilities Reach $3,500,000. KANSAS CITY, Mo.-The failure of the American National bank was caused by distrust. For weeks there have been rumors to the effect that the bank was unsafe. The quarterly statement made by the American National October 2 showed that it had nearly $4,200,000 on deposit. The distrust caused by the failures in the east added to reports set in circulation adverse to the bank caused its deposits to fall off $1,800,000 between the statement of October 2 and that of December 13. The deposits on December 19 were shown by the statement of that date to have been about $2,500,000. More than half of these were drawn out up to last Saturday night, when there remained $1,200,000, offset by cash and sight exchange to the amount of $400,000. The liabilities this morning are fixed at $3,500,000. The assets $2,250,000. The run which was begun on the Kansas City Safe Deposit and Savings bank continues to-day. As early as 7 o'clock there was a long line of depositors in front of the bank waiting for the doors to open. When the bank was opened at 9 o'clock there were more than 200 people in the line, and there was a rush for the paying tellers counter. Every one is paid as fast as their accounts can be settled. By noon the crowd had decreased somewhat and it is thought that the worst is over. While the paying teller has all he can attend to the receiving teller is not idle. There is much confidence in the ability of the bank and many are not afraid to show their confidence by entrusting their money to its keeping.
19.February 20, 1891Wessington Springs HeraldWessington Springs, SD
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KANSAS FINANCES. The Are in a Bad Way as Represented by Bank Failures. TOPEKA, Feb. 14.-The bank failures reported from this state within the last thirty days have been greatly exaggerated. The failures, however have been more numerous than the business men of the state are willing to admit. The refusal of money lenders to send money into the state without an increased rate of interest on account of distrust of the legislature and the failure of the American National bank of Kansas City are accountable for the seventeen failures which have occurred. The list of the banks which have either failed or suspended within the last thirty days is uncomfortably long, and bodes no immediate lighting up of the financial sky.
20.March 31, 1891Deseret Evening NewsSalt Lake City, UT
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Business Resumed. KANSAS City, March 31.-The American National Bank of this city which falled January 19, resumed business this morning, with over $1, 725,000 in cash in its vaults. It was predicted that there would be a run on the bank when It opened, but on the contrary, the bank has received deposits from its old customers and there is a general feeling of confidence in the new organization.
21.April 1, 1891The Morning CallSan Francisco, CA
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Resumed Business. KANSAS CITY, March 31.-The American National Bank of this city, which failed January 19th, resumed business this morning with over $1,725,000 in cash in its vaults. It was predicted there would be a run on the bank when it opened, but on the contrary the bank has received deposits from its old custemers, and there is a general feeling of confidence in the new organization.
22.April 1, 1891The Salt Lake HeraldSalt Lake City, UT
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The American National Bank Resumes. KANSAS CITY, March 31.-The American National bank of this city, which failed January 19 resumed busines this morning with over $1,725,000 in cash in its vaults. It was predicted there would be a run on the bank when it opened, but on the contrary the bank has received deposits from its old customers and there is a general feeling of confidence in the new organization.
23.April 2, 1891Grant County HeraldLancaster, WI
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Business Resumed. KANSAS CITY, Mo., April 1.-The American national bank of this city, which failed January 19, has resumed business. The bank has over $1,725,000 in cash in its vaults. It was predicted that there would be a run on the bank when it opened, but such was not the case. On the contrary, the bank has received deposits from its old customers, and there is a general feeling of confidence in the new organization.
24.April 3, 1891Union County CourierElk Point, SD
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The American National Resumes. KANSAS CITY, March 31.-The American National bank, of this city, which failed Jan. 19, resumed business this morning with over $1,725,000 in cash in its vaults. It was predicted that there would be a run on the bank when it opened. but on the contrary the bank has received deposits from its old customers, and there is a general feeling of confidence in the new organization.
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.
