Humboldt Bank (San Francisco, CA)

Episode Information

Episode UID
11005671276
Episode Type
Suspension → Reopening
Bank Type
state
Bank ID
1100567 routing
Routing Number
11-0056
Start Date
April 18, 1906
Location
San Francisco, California (37.780, -122.419)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e91007010cdcd2a6

Response Measures

None

Description

Banks closed after the April 1906 quake then resumed in late May; a separate Sept run on Hibernia produced some anxious withdrawals at Humboldt.

Events (3)
1. April 18, 1906 Suspension
Cause
Local Shock
Cause Details
Closure following the San Francisco earthquake and fire which made vaults unsafe and disrupted operations
Newspaper Excerpt
the consensus of opinion is that they cannot be safely opened for some time to come
Source
newspapers
2. May 24, 1906 Reopening
Newspaper Excerpt
The Humboldt bank opens tomorrow morning. About 30 percent of the Humboldt's loans were in the burned district, and the bank announced it will return all insurance money to borrowers for rebuilding purposes. The Humboldt bank, in its temporary quarters, carried on an almost normal business. The Humboldt bank opens tomorrow morning.
Source
newspapers
3. September 12, 1906 Run
Cause
Local Banks
Cause Details
Depositor anxiety and withdrawals at other local bank (run on Hibernia) spilled over to Humboldt causing a line of anxious depositors
Measures
Paid depositors promptly; no disorder reported
Newspaper Excerpt
a line of about 50 women were at the paying teller's window of the Humboldt bank this morning. Many of these women were in a state of feverish anxiety to get their money.
Source
newspapers

Newspaper Articles (8)
1. May 1, 1906 The San Francisco Call San Francisco, CA
Article from The San Francisco Call, May 1, 1906

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Article Text

Ane IN Representatives of Savings Institutions Discuss Financial Affairs. The executive committee of the Associated Savings Banks of San Francisco held a meeting yesterday, the following members being present: Richard M. Tobin of the Hibernia Savings Bank, A. H. R. Schmidt of the German Savings and Loan Society, E. B. Pond of the San Francisco Savings Union, J. A. Hooper of the Mutual Savings Bank, A. N. Drown of the Savings and Loan Society, S. L. Abbott of the Security Savings Bank and W. E. Palmer of the Humboldt Savings Bank. These gentlemen have been getting expert testimony as to when It will be safe to open the bank vaults, and the consensus of opinion is that they cannot be safely opened for some time to come. The report that the savings banks would blacklist depositors withdrawing their accounts was strenuously denied, as there is no uneasiness among the bankers about withdrawals, the present conditions not being a panic, but entirely local and caused by the recent calamity. The principal question of discussion was the handling of the money which will be received from the insurance companies in settlement of losses. A definite policy was not decided upon, but all agreed that this money should be used in restoring improvements whenever it was posible.

2. May 23, 1906 The Spokane Press Spokane, WA
Article from The Spokane Press, May 23, 1906

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Article Text

SAN FRANCISCO, May 23.This morning at 9 o'clock commercial banks opened their doors for the transaction of regular business unhampered by clearing house restrictions. Gold in plenty filled the vaults and there is as much money in the banks today as ever in the history of San Francisco. The stability of the financial situation is such that there is not the slightest evidence of a money panic and every bank in the city is now in a position to meet all obligations without undue strain. While the official date for the formal opening of saving banks is next Monday, many savings institutions opened this morning and mutual savings banks opened for unrestricted business with $20,000,000 in money and active securities in the vaults. The California Safe Deposit & Trust company opened in its old quarters, corner of California and Montgomery streets. This bank is the one to first have temporary quarters completed. The Humboldt bank opens tomorrow morning. About 30 percent of the Humboldt's loans were in the burned district and the bank announced it will return all insurance money to borrowers for rebuilding purposes. With no more rush or excitement than was usuual attending settling day before the fire the Hiberian bank, the city's largest saving inatitution, threw open its doors at 9 o'clock this morning. Every look and every action of hundreds in line before the doors opened betokened confidence. The line began to form at 6:45

3. May 23, 1906 East Oregonian : E.O Pendleton, OR
Article from East Oregonian : E.O, May 23, 1906

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Article Text

San Francisco, May 23.-This morning at 9 o'clock the commercial banks opened their doors for the transaction of regular business unhampered by clearing house restrictions. Gold in plenty filled the vaults and there is as much money in the banks today as ever in the history of San Francisco. The stability of the financial situation is such that there is not the slightest evidence of a money panic, every bank in the city now being in a position to meet all obligations without undue strain. While the official date for the formal opening of banks is next Monday, many savings institutions opened this morning. The Mutual Savings bank opened for unrestricted business with $20,000,000 in money and active securities in the vaults. The California Safe Deposit & Trust company opened at its old quarters at the corner of California and Montgomery streets. This bank is one of the first to have temporary quarters completed. The Humboldt bank opens tomorrow morning. About 30 per cent of the Humboldt's loans were in the burned district, and the bank announced it will return all its insurance money to borrowers for rebuilding purposes. With no more rush or excitement than usually attended the settling on a day before the fire, the Hibernian bank, the city's largest savings institution, thre wopen its doors at 9 this morning. Every look and every action of the hundreds in line before the doors opened betokened confidence. The line began to form at 6:45. At it extended down Jones street and then down Golden Gate as far as Market and back again towards Jones. Old women, young clerks. begrimed teamsters and pretty stenographers were there, all as cheerful as a crowd of theater-goers waiting their turns at the box office. A young fellow in working clothes stepped out of line to give his place to an aged woman in a shawl who tightly hugged to her breast her little yellow-covered book. Others followed suit, and soon the woman was far up the line. Many brought lunches and stools and prepared for a long wait. When the doors opened the first 10 persons were told off and allowed to enter. Two paying tellers had their money benches heaped with gold and quickly passed out the coin. Few withdrew their total deposits, and

4. May 23, 1906 The Evening Statesman Walla Walla, WA
Article from The Evening Statesman, May 23, 1906

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Article Text

FRISCO BANKS ARE OPEN They Have an Abundance of Money on Hand SOME SAVINGS BANKS RESUME THERE WAS NO RUN ON ANY OF THE BANKS- GENERAL CONFIDENCE. SAN FRANCISCO, Cal., May 23.This morning at 9 o'clock the Commercial banks opened their doors for the transaction of regular business unhampered by clearing house restrictions. Gold in plenty filled the vaults and there is as much money in the banks today as ever in the history of San Francisco. The stability of the financial situation lies in the fact that there is not the slightest evidence of a money panic, every bank in the city now being in a position to pay all obligations without undue strain. While the official date for the formal opening of the savings banks is next Monday, 1 many savings institutions opened this morning. The Mutual Savings bank opened for unrestricted business with $20,000,000 in money and active se( curities in its vaults. The California Safe Deposit and Trust Co., opened in its old quarters at the corner of California and Montgomery streets. 1 This bank is the first one to have its 1 temporary quarters completed. The 1 Humboldt bank opens tomorrow mornd ing. About 30 per cent of the Humboldt's loans were in the burned disF trict and the bank has announced that it will return all insurance money to I its borrowers for rebuilding purposes. Scene at Hibernia Bank. With no more rush or excitement than that usually attending settling S day before the fire, the Hibernia bank, e the city's largest savings institution, h threw open its doors at nine this morning. Every look and every action of the hundreds in line, before the doors opened, betokened confidence. F The line began to form at 6:45 and at 9 a. m. it extended down Jones street and then to Golden Gate as far as Market and back again towards Jones. s Old women, young clerks, begrimed a: teamsters and pretty stenographers fo were there, all as cheerful as a crowd " of theatre-goers waiting their turn at the box office. A young fellow in working clothes stepped out of line to give his place to an aged woman in a pa shawl, who tightly hugged to her pl breast her little yellow-covered book dr Others followed suit and soon the fo woman was far up the line. Many brought lunches and stools prepared for a long wait. When the doors were opened the first ten persons tolled off were allowed to enter. Two paying tellers, their money benches heaped with gold, quickly passed out coin. Few withdrew their total deposits. . A few large withdrawals were made, but mostly by persons who needed funds

5. May 24, 1906 The Times Dispatch Richmond, VA
Article from The Times Dispatch, May 24, 1906

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Article Text

POLICE ON GUARD, BUT NO DISORDER Practically Every Bank in San Francisco Threw Open Doors Yesterday-Vast Sum of Money Available. No Sign of Run. (By Associated Press.) SAN FRANCISCO, May 23.-Practically every bank in this city that has been able to secure temporary quarters, threw open its doors to the public to-day. There was no sign of a run. Never in the history of San Francisco was there 80 much bank money on hand. For the past week money has been pouring into the local finanolal institutions from all parts of the world. The total to date has not been computed, but several days ago it exceeded $30,000,000. When the savings bank opened this morning, they by no means had to depend upon money received from outside sources. Institutions llko the Hibernian, the Humboldt and the Mutual, had millions in coin and valuable securities in their vaults which were undisturbed by the fire. Great Crowd There. The Hibernian it was reported, had $15,000,000 in United States bonds, and $10,000,000 in other gilt-edged securities, together with millions In coins. Among 4.8 'depositors are many workingmen and women. Most of them lost their all in the fire and at an early hour they began to line up before the bank doors. By 9 o'clock the lines were over a block long and the police were summoned to maintain order. Their duties, however, consisted of little more than keeping the patient men and women in line. The bank paid without limit to all. The Mutual opened in its own building. which had been badly damaged. The bank officials said they had over $2,000,000 on hand. and they met all demands promptly and without limit. At the Union Safe Deposit and Trust Company's banks, both commercial and savings. everything proceeded with a degree of order and quiet, remote from even a suggestion of panic. The Humboldt Bank, in its temporary quarters, carried on an almost normal business. The fact that all of the banks did reopen was due to a dearth of quarters. Now that normal conditions have been about restored, the clearing house bank In the mint has been practically closed.

6. May 25, 1906 The Semi-Weekly Messenger Wilmington, NC
Article from The Semi-Weekly Messenger, May 25, 1906

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Article Text

SAN FRANCISCO BANKS OPEN Never in City's History was There So Much Money on Hand THERE WAS NO SIGN OF PANIC For Days Money Has Been Pouring Into the City and the Total Several Days Ago was More Than $30,000.000-All the Banks Paid Depositors in Full and Many of Them Carried On An Almost Normal Buisness. San Francisco, May 23.-Practically every bank in this city that has been able to secure temporary quarters threw open its doors to the public today. There was no sign of a run. Never in the history of San Francisco was there so much bank money on hand. For the past week money has been pouring into the local financial institutions from all parts of the world. The total to date has not been computed, but several days ago it exceeded $30,000,000. When the savings bank opened this morning they by no means had to depend upon money received from outside sources. Institutions like the Hibernian, the Humboldt and the Mutual had millions in coin and valuable securties in their vaults which were undisturbed by the fire. The Hibernia, it was reported, had $15,000,000 in United States bonds, and $10,000,000 in other gilt-edged securities, together with millions in coin. Among its depositors are many workingmen and women Most of them lost their all in the fire, and at an early hour they began to line up before the bank's doors. By 9 o'clock the lines were over a block long, and the police were summoned to maintain order. Their duties, however, consisted of little more than keeping the patient men and women in line. The bank paid without limit to all. The Mutual opened in its own building, which had been badly damaged. The bank officials said they had over $2,000,000 on hand, and they met all demands promptly and without limit. At the Union Safe Deposit and Trust Company's bank, both commercial and savings, everything proceeded with a degree of order and quiet, remote from even a suggestion of panic. The Humboldt Bank, in its temporary quarters, carried on an almost normal business The fact that all of the banks did not reopen was due to a dearth of quarters. Now that normal conditions have been about restored the clearing house bank in the mint has been practically closed. Washington, May 23.-A telegram was received at the treasury departmen't today from Deputy United States Treasurer Bantz, who went to San Francisco some time ago to assist in re-establishing the sub-treasury at tha place, stating that the vaults of the old sub-treasury had been opened and that all the funds and papers had been found intact.

7. September 12, 1906 The Spokane Press Spokane, WA
Article from The Spokane Press, September 12, 1906

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Article Text

FRISCO WOMEN SCARED. SAN FRANCISCO, Sept. 12-The run on the Hibernia doesn't seem to have an appreciable effect on other financial institutions of this city, but a line of about 50 women were at the paying teller's window of the Humboldt bank this morning. Many of these women were in a state of feverish anxiety to get their money.

8. September 12, 1906 East Oregonian : E.O Pendleton, OR
Article from East Oregonian : E.O, September 12, 1906

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Article Text

San Francisco, Sept. 12.-The run on the Hibernian Savings bank continued today. The line of depositors is half a block long, reaching to the paying teller's window. All are paid promptly, and there has been no disorder. The general belief in banking circles is that the run was unwarranted and that the institution is sound. As was the case yesterday, the line was composed mostly of women, a few men being scaltered among the procession. In every case where they were approached for a reason for wishing to withdraw their money the reply was they were taking no chances. The women were more open in their declarations. The chief trend of their replies was that neighbors told them the bank was weak and they had better get their money out. The bank commissioners were called upon this morning by officials of the Hibernian to examine their books. The commission will report tomorrow Demands on Humboldt Bank. The run does not seem to have an appreciable effect on the other financial institutions of the city. A line of about 50 women were at the paying tellers' window of the Humboldt bank this morning. Many of these women were in a state of feverish anxiety to get their money.