Article Text
OMAHA, Neb.-Because $1,000 in currency was refused an intoxicated depositor according to directors of the City National bank, a run was started on the institution.
City National Bank (Omaha, NE)
Episode Information
- Episode UID
946601368- Episode Type
- Run Only
- Bank Type
- national
- Bank ID
-
94660national - Charter Number
- 9466
- Start Date
- December 10, 1913
- Location
- Omaha, Nebraska (41.259, -95.938)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
b0de51e91ae2f3a3
Response Measures
Accommodated withdrawals, Public signal of financial health, Partial suspension, Books examined
Clearinghouse involved: Yes (loan, examination, or other measures)
Events (3)
1.
June 30, 1909
Chartered
- Source
- historical_nic
2.
December 10, 1913
Run
- Cause
- Rumor Or Misinformation
- Cause Details
- Run traced to rumors started by an intoxicated/disgruntled depositor who was refused large currency withdrawal; panic spread among savings depositors.
- Measures
- Paid commercial checks promptly; required 30- and 60-days' notice for savings withdrawals; clearinghouse offered assistance.
- Newspaper Excerpt
- One drunken man put several bank depositors in a panic here, when, through kindness, it is said, the City National bank refused to let him have $1000 in currency when he demanded it.
- Source
- newspapers
3.
January 11, 1916
Voluntary Liquidation
- Source
- historical_nic
Newspaper Articles (12)
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Article Text
OMAHA BANK RUN SOON HEADED OFF City National Meets All of Commercial Checks-Is Declared to Be Solvent. Omaha, Neb., Dec. 10.-A run on the City National bank today did not cause much excitement. Commercial checks were paid out as promptly as several tellers could handle them, but savings - depositors were forced to abide by a rule requiring 30 and 60 days' notice before withdrawal of deposits. The clearing house says the bank is solvent and other banks are ready to help with loans, if needed, to meet the run.
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DRUNKEN DEPOSITOR STARTS RUN ON BANK Omaha, Neb., Dec. 10.-One drunken man put several bank depositors in a panic here, when, through kindness, it is said, the City National bank refused to let him have $1000 in currency when he demanded it. A run on the bank followed and during the day $150,000 was paid out to excited depositors. The bank is entirely solvent and the scare later subsided. The bank's cash reserve is shown to be 10 percent greater than required by law.
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Bank Run in Omaha Ends. OMAHA, Neb., December 11.--The run which threatened the City National of Omaha the first three days of this week had apparently entirely disappeared when the bank opened for business this morning.
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CITY NATIONAL OF OMAHA UNDER FIRE Exciting Run Caused by Rumor Started by Intoxicated Depositor-Meeting Payments. Omaha. Neb. Dec. 11.-When the City National bank opened for business at 10 o'clock this morning. following the exciting "run" of yesterday afternoon. announcement was posted by the bank officials that the regulation 30 and 60 days' notices would be required before the withdrawal of savings deposits. Checks on the commercial department of the bank were paid as fast as a number of teliers could handle them. Notwithstanding reassuring statements given out last night and this morning by President Flack. of the City National and from the Omaha clearing house. a large crowd of depositors stood in half a dozen lines before the bank doors this morning. long before the hour for opening Perfect order prevailed and there was little evidence of the panicky conditions often featured in connection with bank runs. Claims Bank Solvent. The Omaha Clearing House association gave out a statement declaring the City National bank to be thoroughly solvent and declaring "there is no occasion for the rumors circulated to the contrary. The statement further says the banks of Omaha will extend any needed assistance. "but the clearing house, since its examination of the bank, believes that the bank is fully able to discharge its obligations to depositors.' The City National bank was formerly the City Savings bank and the savings department has more than 11,000 depositors. Officials of the bank declare that the run was startd by rumors put in circuiation by a depositor who appeared at the bank a few days ago in an intoxicated condition and tried to draw $1,000 in currency on his savings account. Largely as a matter of protection to the individual the teller insisted on the regulation notice. Exciting Five Hours. Most of those in line yesterday efternoon were small depositors in the savings department. When the rumor spread over the city crowds of depositors appeared at the paying tellers windows. demanding their money During the five hours the bank was open for business the rolunda with crowded with depositors, and about $150,000 was paid out to those called to withdraw their deposits." The bank continued to pay all depositors until the time of closing. A recent report of the national examiner. who went over, books, showed that institution perfectly solvent. with A reserveror.ro per cent more cash than required law. The last statement of the bank. which has a capital of $500,000. showed deposits of $3.345.405. with loans and discounts amounting to $2.351.093.
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BANK RUN ENDED Omaha, Neb., Dec. 11.-The run which threatened the City National Bank of Omaha the first three days of this week had apparently entirely disappeared when the bank opened for business this morning. Only normal transactions occurred.
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Omaha Bank Run Ends. Omaha, Dec. 11.-The run which threatened the City National bank of Omaha the first part of this week, apparently was over when the bank opened for business this morning. Only normal transactions occupied the officials and employees.
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CONDENSED DESPATCHES. A resolution favoring the extension of suffrage to women was adopted at the convention of the State Grange, Thursday, at Rutland, Vt. Daniel and Evaristo Madero, uncles of the late President Madero, with their wives, sailed from Havana, Thursday, for New York, on board the Miami. The run which threatened the City National Bank of Omaha, the first three days of this week, had apparently entirely disappeared when the bank opened for business, Thursday. The secretary of the British National committee of the Postal Employes Unions stated, Thursday, at London, that there would be no strike at the post office during the Christmas season. It was at one time thought nearly 100,000 government post office employes would go on strike before the holidays. Frederick Yeager, a banker of Boston, and Miss Ruth Van Arsdale, daughter of Elias S. Van Arsdale of Brookline, Mass., were married, Thursday, at a Pomfret, Ct., hotel by a justice of the peace. Yeager is the son of John S. Yeager of Cambridge. Afterwards they went to the home of a relative at Thompson, leaving later on a wedding trip. Timothy J. Murphy, undertaker, steamship agent, a one-time member of the common council and a resident of New Bedford, Mass., for the greater part of his life, was found dead in bed at his boarding house at 69 South Sixth street at 10.15 A. M., Thursday. Though Mr. Murphy had been suffering from heart trouble for several years he retired, Wednesday night, apparently in good, health. The strike of the stationary firemen at the Farwell bleachery, Lawrence, Mass, was adjusted, Thursday, on the basis of a 60-hour week offered by the mills before the strike was called. All but one of the four strikers have been asked to, report for duty, next Monday morning. In the United States court at Savan-, nah, Ga., Thursday, three convicted white slavers were sentenced to a year and a day in the federal prison at Atlanta.
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Run Disappears Omaha, Neb., December 11.-The run which threatened the City National bank of Omaha, the first three days of this week, had apparently entirely disappeared when the bank opened for business today.
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RUN ON BANK OVER. Omaha, Neb., Dec. 11.-The run which threatened the City National bank of Omaha the first three days of this week had apparently entirely disappeared when the bank opened for business this morning. Only normal transactions occupied the officials and employee
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An unfounded rumor of financial difficulties started, according to bank officers, by a disgruntled depositor, caused a slight run on the City National Bank of Omaha recently. ...
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IMPORTANT NEWS ITEMS Cambridge, Mass., Dec. 12.-The Harvard seniors have elected a negro, Alexander L. Jackson of Engelwood. N. J., their orator for class day, 1914. Omaha, Neb., Dec. 12.-Fear of a threatened run which threatened the City National bank of Omaha has subsided. Los Angeles, Cal., Dec. 15.-Piers were wrecked, others badly damaged, fishing and pleasure boats carried ashore, three men seriously injured by waves. Scientists say the disturbance was caused by a seaquake. Wilmington, Del., Dec. 15.-L. J. Moore of Salisbury, Md., and Mrs. Harry Pierce of Wilmington, a widow, were killed in an automobile accident near Newark, Del.