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Run on a New York Bank.
NEW YORK, November 20.—The run on the Citizens' Savings Bank continues today. At the close about $80,000 had been drawn out.
Situation Much Improved.
Citizens Savings Bank (New York, NY)
Episode Information
- Episode Type
- Run Only
- Start Date
- November 20, 1890
- Location
- New York, New York (40.714, -74.006)
- Bank Type
- savings
- Routing Number
1-0189
Metadata
Events (1)
1.
November 20, 1890
Run
- Cause Details
- No specific trigger reported; heavy withdrawals by many small depositors over several days.
- Measures
- Payments met in full; bank continued regular business and police detail withdrawn when pressure eased.
- Newspaper Excerpt
- The run on the Citizens' Savings Bank continues today. At the close about $80,000 had been drawn out.
- Source
- newspapers
Newspaper Articles (11)
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NEW YORK, Nov. 21.-The run on the Citizens' Savings bank continues and there is a line of 2,000 people now extending from the paying teller's window for the length of several blocks.
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The Citizens' Bank
NEW YORK, Nov. 22.-The run on the Citizens' Savings Bank continued this morning. The bank officials say the run will be broken today. The payments already made amount to nearly $300,000.
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No Let Up Yet
NEW YORK, Nov. 22.-The run on the Citizens' Savings bank continued this morning. The bank officers say the run will be broken to-day. Payments already made amount to nearly $300,000.
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still Meeting the Res
NEW YORK. Nov. 22 - The run on the Citizens Savings Bank here was continued with as much vigor as ever. The payments already made figure up nearly $300,000.
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The Run Continues
NEW YORK, Nov. 22.-The run on the Citizen's Savings bank here continued this morning with unabated vigor. The bank officiais say the brunt of the run will be broken to-day.
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EDITORIAL NOTES
The great run on the Citizens' Savings bank in New York is practically over. It has lasted four days, and the bank has stood it "like a major."
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The Run Practically Over.
NEW YORK, Nov. 25.—The run on the Citizen's Savings bank here, which lasted six days, is practically over.
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Bank Run Subsided
NEW YORK, Nov. 24.-The run on the Citizens' Savings bank is practically over. This morning only fifty depositors called for their money.
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THE RUN ON THE CITIZENS' BANK OVER. The run on the Citizens' Savings Bank is over, and yesterday the regular course of business was pursued without interruption. In the four days that the run continued over $350,000 was drawn out by small depositors. These depositors lose the interest on their money for five months, and the bank is in that much money. The more frightened depositors who sold their deposit books for 75 per cent of the amount on deposit are now vowing vengeance against the unscrupulous brokers who bought them. Many of the people who drew out their money yesterday asked the bank to take It back again, but this the bank refused to do. Yesterday morning there were less than fifty people in the line when the bank opened at 9:30 o'clock, and they were all paid off in a few minutes: Police Captain McCullough ordered that the police detail be withdrawn, as there was no further necessity for their presence at the bank.
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Run on the Citizens' Bank Over. NEW YORK, Nov. 24.-The run on the Citizens' Savings bank is practically over. This morning only fifty depositors called for their money.