gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
4383fe0e83231068
Response Measures
Accommodated withdrawals, Fed/other loan, Public signal of financial health, Books examined
Events (2)
1.April 8, 1909Chartered
Source
historical_nic
2.November 15, 1926Run
Cause
Rumor Or Misinformation
Cause Details
Rumors circulated following the closings of the Federal Trust Company and the Terminal Trust Company, triggering depositors to line up.
Measures
Paid depositors in full, large supply of cash brought (armored delivery), Federal Reserve governor publicly reassured depositors.
Newspaper Excerpt
A run on the Park National Bank here today was turned into a public reception with flowers and smiles.
Source
newspapers
Newspaper Articles (10)
1.November 15, 1926Jefferson City Post-TribuneJefferson City, MO
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QUICK ACTION STOPPED RUN ON C. BANK
Governor of Federal Reserve Made Speech That Saved Day.
DEMANDS MET WITH THE CASH
Impending Run Turned Into Reception With Flowers and Smiles.
By the Associated Press. Kansas City, Nov. 15 "run" on the Park National Bank here today was turned into a public reception with flowers and smiles. The Park National, neighborhood bank, opened and found 200 depositors lined up to get their money. Everyone was paid and then at one end of the room a man stood on a chair. "I am W. J. Balley, he said. "I am governor of the Federal Reserve Bank. This bank member of the Federal Reserve system. The Federal Bank guarantees that depositors in this bank will not lose one cent." The assembled depositors cheered and Mr. Bailey shouted: "There are 200 million dollars behind that guarantee. Governor Bailey said officials and examiners of the Federal Reserve Bank had gone over the Park National Bank's "paper" yesterday and found the bank to be "in as good shape as any bank in Kansas City.' Officials said the "run" started as the result of rumors which circulated here Saturday following the closing of the Federal Trust Company and the Terminal Trust Company.
2.November 15, 1926Springfield Leader and PressSpringfield, MO
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"RUN" ON BANK TURNS INTO A RECEPTION
KANSAS Nov the Park National bank turned into public Park opened and 200 ors lined up money Every and then at the end the room man stood on am W Balley he am Federal Reserve the Federal The Reserve that deposit. Federal ors in this not one assembled depositors cheered 200 million dollars guarantee Balley officials Reserve bank tional and found the good bank Officials "run" started the result which circulated close Federal company and the Terminal Trust company
3.November 15, 1926St. Joseph News-PressSt. Joseph, MO
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HALTED "RUN" ON BANK.
Governor Kansas City Federal Re. serve Patrons of the Park National.
KANSAS CITY, Mo., Nov. the Bank today was public reception The Park neighborhood 200 depositors get their was paid and then one of the man am Balley,' he am the Federal Bank. This of the federal The Reserve that the in this will not lose The cheered and Mr. "There are $200,000,000 behind that Governor Balley officials and examiners the Federal Bank had gone over Park National Bank's "paper" yesterday found the be good shape as any bank Kansas City Officials said the started as the result which Saturday following Fed. eral Trust Company the Terminal Trust Company.
4.November 15, 1926The Sedalia DemocratSedalia, MO
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ON BANK ENDS WITH
The Associated Press. KANSAS CITY, Mo., Nov. the Park National Bank today turned into pub lic reception with flowers and smiles. The Park National, neighborhood bank, opened and found depositors lined up to get their money. paid and then one end the room chair. he said. governor the Federal Reserve Bank. This bank member Federal Reserve System. The Federal Reserve Bank guarantees that depositors this bank will not The assembled depositors cheered Mr. Bailey shouted: are million dollars that guarantee." Gov. Bailey said officials and aminers the Federal Reserve Bank had the Park Natgone and found the bank good shape bank in Kansas Officials the "run" started result which here Saturday following the close the Federal Trust Company the Terminal Trust Company.
5.November 16, 1926The St. Louis Star and TimesSt. Louis, MO
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FEDERAL RESERVE OFFICER PREVENTS RUN ON BANK
KANSAS CITY, MO., Nov. (By run the Park National Bank South Suburban was averted yesterday by W. Balley, Governor of the Tenth Federal Rehere line of depositors gathered. Bailey chair in front of the door told them the Federal Reserve System stood hind their deposits. Nearby business men declared they would not only refuse to withdraw their accounts but would deposit more. The crowd
Friendly Club to Meet. The Club will meet tonight the Barr Library, Jefferson and Lafayette avenues, at o'clock. The public is invited.
6.November 16, 1926The Sioux City JournalSioux City, IA
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"RUN" ON BANK TURNED INTO A RECEPTION
Kansas City, Nov. 15.—(AP)—A "run" on the Park National bank here today was turned into a public reception with flowers and smiles.
The Park National, a neighborhood bank, opened and found 200 depositors lined up to get their money. Everyone was paid. When W. J. Bailey, governor of the Kansas City federal reserve bank, said the bank is a member of the federal reserve system which guarantees deposits, the assembled depositors cheered.
Gov. Bailey said officials and examiners of federal reserve bank had gone over the Park National bank's "paper" yesterday and found the bank to be in "as good shape as any bank in Kansas City."
Officials said the "run" started as the result of rumors which circulated here Saturday following the closing of the Federal Trust company and the Terminal Trust company.
7.November 16, 1926The South Bend TribuneSouth Bend, IN
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"RUN" ON BANK STOPS.
Depositors Cheer When Institution Declared Solvent. Associated KANSAS CITY, Mo., Nov. 16.-A on the Park National bank here was turned into public reception with flowers and smiles. The Park National, neighborhood bank, openand found 200 depositors lined up their money. Everyone was paid. When governor the Kansas City Federaol bank, said the bank was solvent, the depositors cheered, The Waldo State bank, small neighborhood institution, failed open its doors here Monday. It was the bank to close within three days. The Federal Trust company, bank with total closed Friday and the Terminal Trust bank which had part of its cash the Trust closed Waldo bank was correspondent, band of the Federal Trust company.
8.November 16, 1926Pittsburgh Post-GazettePittsburgh, PA
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'Run' on Kansas City Bank Becomes Public Reception, Pass Out Posies With Cash
KANSAS CITY. MO., Nov. (N. Y. Times. "run" on the Park National Bank almost became public reception today, with flowers smiles. who wanted his money it. but most of the 200 lepositors left to be Gov. W. Bailey of the Federal Bank mounted chair and told them bank was in unusually strong condition. At the opening hour. ap. proximately 200 depositors were milling around the door. Checks in already filled out, presumably for total bal Nicely timed. at exactly o'clock. an armored from the Federal Reserve Bank up in front of the door. A lane was formed to the bank door by squad of motorcycle patrolmen and stream of money poured into the Withal sight that took of the edge off the waiting of Checks that had been so freely displayed put out of sight, for the most part, but the held just the same. As as the had been safely stored the doors swung open. On either side stood pretty little girl. In their arms were of pink carnations. One was handed to each person entering. Cashiers and were at their places, great stacks of bills and gold piled behind the windows, all might see. They began paying checks as fast as avoiding any appearance of delay and smiling as they worked.
9.November 16, 1926Muskogee Daily Phoenix and Times-DemocratMuskogee, OK
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RUN ON BANK AVERTED BY DISTRICT GOVERNOR
Depositors Heed Plea of Federal Reserve Chief; Trace Rumor of Failure KANSAS Mo., Nov. threatened run the Park National bank, south side suburban institution, today by Bailey, governor of the tenth federal reserve district line of depositors had gathered at the bank and were intent upon deposits. Bailey, mounting chair in front of the door, told the crowd they had need fear loss; that the federal stood behind their deposits. nearby business men followed and declared they would not only refuse withdraw their counts but would deposit more. The crowd dispersed. Guards brought along sacks of rency and coin to pay Insisted upon withdrawing their money. Burns detectives were assigned to down the source of rumors that the bank was
10.November 18, 1926The Sedalia DemocratSedalia, MO
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"RUN" ON BANK ENDS WITH A RECEPTION
By The Associated Press.
KANSAS CITY, Missouri — A "run" on the Park National Bank here Monday was turned into a public reception with flowers and smiles.
The Park National, a neighborhood bank, opened and found 200 depositors lined up to get their money. The bank officials, however, were ready for them. They had plenty of cash on hand and they also had a large supply of flowers. As each depositor reached the teller's window, he was handed his money and a bouquet of flowers. The "run" soon turned into a social gathering, and many of the depositors decided to leave their money in the bank after all.
The furniture is to cost not less than $65,000, and according to Mr. Sweet, it will probably cost at least $10,000 more than that amount. The rooms are to be made attractive, and all will be equipped with free wall fan and louvre doors.
The hotel represents an investment in the ground and building of approximately $400,000 and is bonded for $200,000. Ira E. Melton is chairman of the bond committee, and D. S. Lamm chairman of the building committee.
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.
