gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
5462416ee66dd1f8
Response Measures
None
Events (1)
1.October 15, 1875Run
Cause Details
Unspecified heavy withdrawals; publicity about paying 6% on deposits noted as possible occasion; no allegation of insolvency or rumor identified.
Measures
State bank examiner certified solvency; offers of assistance from city banks; bank paid out deposits as presented.
Newspaper Excerpt
Bun on a Boston Savings Bank. BOSTON, Oct. 15.-There was quite a run on the Home Savings Bank of this city to-day, which continued to the close of banking hours. The officers of the bank state that it is in a perfectty safe condition, and that they are paying all that come.
Source
newspapers
Newspaper Articles (10)
1.October 15, 1875Evening StarWashington, DC
Click image to open full size in new tab
Article Text
Bun on a Boston Savings Bank. BOSTON, Oct. 15.-There was quite a run on the Home Savings Bank of this city to-day, which continued to the close of banking hours. The officers of the bank state that it is in a perfectty safe condition, and that they are paying all that come.
2.October 15, 1875Yankton Daily Press and DakotaianYankton, SD
Click image to open full size in new tab
Article Text
Run on a Boston Bank. BOSTON, Oct. 15.-There has been a run on the Home Savings Bank today, but its officers cluim that it is in a condition to pay as fast as claims are presented,
3.October 16, 1875Yankton Daily Press and DakotaianYankton, SD
Click image to open full size in new tab
Article Text
The Run on the Home Savings Bank. BOSTON, Oct. 16.-The run on the Home Savings Bank continues. Commissioner Gatezell certifies that the bank is able to pay all depositors. Offers of assistance, if needed, have been made by several city banks
4.October 16, 1875The Daily ArgusRock Island, IL
Click image to open full size in new tab
Article Text
BOSTON, Oct. 16.-The run on the Home savings bank continues, Commissioner Gotchel certifies that the bank is able to pay all depositors. Offers of assistance, if needed, have him made by several city banks.
5.October 18, 1875Evening StarWashington, DC
Click image to open full size in new tab
Article Text
THE RUN ON THE HOME SAVINGS BANK, of Boston, was continued on Saturday, but as the state bank examiner testifies to the soundness of the concern, more confidence was manifested by the depositors.
The Ron on a Roston Savings Bank. BOSTON, October 16.-The run on the Home Savings Bank continues. Com. missioner Getchel certifies that the bank is able to pay all its depositors. Offers of assistance, if needed, have been made by several city banks.
7.October 20, 1875The SunNew York, NY
Click image to open full size in new tab
Article Text
Run on a Savings Bank. BOSTON. Oct. 19.-The run on the Home Savings Bank continued to-day, and over fifty thousand dollars were p. 10 to depositors. NEW JERSEY.
THE occasion of the late run on the Home Savings Bank of Boston was its readiness to pay 6 percent. on all deposits. /
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.