Bank of United States - New York, NY

Episode Information

Episode Type: Suspension → Closure
Start Date: December 17, 1935
Location: New York, New York (40.714, -74.006)
Bank Type: state
Routing Number: 1-0277

Metadata

Episode ID
Bank ID
City ID: 360975772

Model: gpt-5-mini
Short Digest

Events (1)

1. December 17, 1935 Receivership

Newspaper Excerpt: Supreme Court Justice Bernard L. Shientag yesterday authorized the State Banking Department to pay an additional 5 per cent dividend to depositors of the closed Bank of United States.
Source: newspapers

Newspaper Articles (1)

1. December 17, 1935 Democrat and Chronicle Rochester, NY

Article Text

Bank of United States Depositors' Loss Cut

New York—(AP)—Supreme Court Justice Bernard L. Shientag yesterday authorized the State Banking Department to pay an additional 5 per cent dividend to depositors of the closed Bank of United States. The payment brings the refund on deposits to 65 per cent.

Episode Information

Metadata

Events (1)

Newspaper Articles (1)

Article Text

Bank runs are almost always and everywhere a deterioration of bank fundamentals.

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