Article Text
RUN ON WICHITA BANK OFFICERS OF INSTITUTION READY TO MEET WITHDRAWALS. The Fourth National, Second Largest Depository in Kansas, Claimed to Be Victim of "Malicious and Absolutely Unfounded Reports."
Fourth National Bank (Wichita, KS)
Episode Information
- Episode UID
368301487- Episode Type
- Run Only
- Bank Type
- national
- Bank ID
-
36830national - Charter Number
- 3683
- Start Date
- November 9, 1923
- Location
- Wichita, Kansas (37.692, -97.338)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
f4dd52584d4f895e
Response Measures
Accommodated withdrawals, Clearinghouse loan, Fed/other loan, Public signal of financial health
Clearinghouse involved: Yes (loan, examination, or other measures)
Events (3)
1.
April 28, 1887
Chartered
- Source
- historical_nic
2.
November 9, 1923
Run
- Cause
- Rumor Or Misinformation
- Cause Details
- Malicious and unfounded rumors about the bank's soundness (reports traced to inquiries by an insurance company in St. Louis per one dispatch).
- Measures
- Federal Reserve Bank of Kansas City pledged support; Wichita Clearing House backed the bank; officers prepared to pay withdrawals and had large cash on hand.
- Newspaper Excerpt
- Officers of the Fourth National Bank of Wichita were prepared today to turn loose a flood of money should there be a continuation of the run on the bank which started yesterday following the circulation of rumors that the institution's financial condition was unsound.
- Source
- newspapers
3.
March 22, 1924
Voluntary Liquidation
- Source
- historical_nic
Newspaper Articles (13)
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Article Text
BANK PREPARED FOR THE STORM (By Associated Press) WICHITA, Kansas, Nov. 9.---Officers of the Fourth National Bank of Wichita are prepared to turn loose a flood of money should there be a continuation of the run on the bank which started yesterday following the circulation of rumors that the institution was unsound.
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Ready to Meet A Run on Bank WICHITA, Kas., Nov. 19.—Officers of the Fourth National bank of Wichita were prepared today to turn loose a flood of money should there be a continuation of the run on the bank which started yesterday following circulation of rumors that the institution's financial condition was unsound.
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Business Normal at Wichita Bank (By The Associated Press.) WICHITA, Kansas, Nov. 9—The Fourth National bank of Wichita opened its doors as usual with a "greater amount of cash in its vaults than has ever been assembled in any bank in this section of the country at any time," according to a statement by officials to meet the obligations of skeptical depositors who feared that the run on the bank yesterday would cause the institution to close its doors. Business at the bank was back to normal today, only a few deposits having been withdrawn at noon.
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SMALL RUN ON FOURTH NATIONAL BANK CAUSES FLURRY YESTERDAY WHICH SOON SUBSIDES WHEN FEDERAL AND LOCAL BANKS TELL FACTS IN CASE A Telegram From the Largest Financial Institution in the World.
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RUMORS START RUN ON WICHITA, KANSAS, BANK Wichita, Kan., Nov. 9—Officers of the Fourth National Bank of Wichita were prepared today to turn loose a flood of money should there be a continuation of rumors that the institution's financial condition was unsound.
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KANSAS BANK CAN RESIST A RUN WICHITA, Kas., Nov. 9.—Officers of the Fourth National bank of Wichita were prepared this morning to turn loose a flood of money should there be a continuation of the run on the bank which started yesterday following circulation of rumors that the institution's financial condition was unsound.
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BANK RUN IS ENDED. Wichita Institution Ready To Meet Obligations To Depositors. Wichita, Kansas, November 9.—The Fourth National Bank of Wichita opened its doors as usual this morning, prepared to meet obligations to skeptical depositors who feared that the run on the bank yesterday would cause the institution to close its doors. Officials of the bank declined to say how much money was on hand, but it is known that the Federal Reserve Bank of Kansas City pledged its "unlimited" support and that the Wichita Clearing House Association supported the bank. The run, which reached its climax yesterday afternoon, was the result of "malicious and unfounded" rumors which have circulated about Wichita for the last week, in the opinion of bank officials. Where the rumors originated bank officials could not say.
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Wichita Bank Opens as Usual Wichita, Kas., Nov. 9—The Fourth National Bank of Wichita opened its doors as usual this morning, prepared to meet the obligations of skeptical depositors who feared that the run on the bank yesterday would cause the institution to close its doors. Officials of the bank declined to say how much money was on hand today, but it is known that the federal reserve bank of Kansas City pledged its "unlimited" support and that the Wichita Clearing House association stood back of the bank. Bank officials said that they were fully able to meet every obligation to the depositors.
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INQUIRY IMPERILS BANK [EXCLUSIVE DISPATCH] KANSAS CITY, Nov. 10.—A rumor said to have started when an insurance company in St. Louis made inquiries regarding the Fourth National Bank of Wichita, started a run on the bank. A telegraphed statement from the Kansas City Federal Reserve Bank quieted matters.
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ATTEMPTED RUN ON BANK FAILS FOURTH NATIONAL OF WICHITA VICTIM OF MALICIOUS AND UNFOUNDED RUMORS
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ATTEMPTED RUN ON BANK FAILS FOURTH NATIONAL OF WICHITA VICTIM OF MALICIOUS AND UNFOUNDED RUMORS
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Article Text
ATTEMPTED RUN ON BANK FAILS FOURTH NATIONAL OF WICHITA VICTIM OF MALICIOUS AND UNFOUNDED RUMORS