gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
9ad34477491a8621
Response Measures
Accommodated withdrawals, Borrowed from banks or large institutions, Public signal of financial health, Full suspension
Clearinghouse involved: Yes
(loan, examination, or other measures)
Description
Articles mention suspensions of some Miami/suburban banks but City National is quoted as operating and able to meet withdrawals; it's unclear if it suspended.
Events (2)
1.January 5, 1926Chartered
Source
historical_nic
2.July 3, 1926Run
Cause
Local Banks
Cause Details
Withdrawals precipitated by news of other Miami/suburban bank failures or suspensions
Measures
Officers announced receipt of funds from Miami banks/clearinghouse to cover deposits
Newspaper Excerpt
The run subsided shortly after when officers announced funds sufficient to cover every de-
Source
newspapers
Newspaper Articles (3)
1.July 3, 1926Birmingham Post-HeraldBirmingham, AL
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Article Text
MIAMI BANKS ARE SUSPENDED
(Continued from Page not lose He intimated his intention early At the opening hour crowd awaited to the Little River and within number had creased for squadrons police dispatched to prevent an armored truck bearing funds downtown banks was President Parket, of the Bank that would made that bank meet The Bank was precipitated the previous bank closings, but receipt of funds from met short officers announced deposit. of the Miami the suburban declared that outside loans paper control solely were responsible for embarrassbanks of are in of the City National Davis, president Trust declared. Bank the today "Each its capital, which few part country though of deposble dollar of the liabilities faster pay the depositors could carry than
2.July 3, 1926The Montgomery AdvertiserMontgomery, AL
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Article Text
Abe Martin Savs: was precipitated after receipt of news of the but was met through the receipt of funds from Miami banks The run subsided shortly after when officers announced funds sufficient to cover every dePresident George Romh, of the MI. ami Clearing House in on the of suburban declared that outside control and loans on paper solely were responsible for the embarrassment. "The banks of Miami today are in an impregnable Clark B. Davis, president of the City National Bank and Trust company declared, "each of the banks today Is operating entirely on its own capital, thing of which few banks in any part the country can boast. And although such a condition is inconceivable, if there was demand of depositors made upon these banks, we could pay every dollar of the liabilities faster than the depositors could carry it away.
3.July 3, 1926The Gazette and DailyYork, PA
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Article Text
FLORIDA BANKS IN
(Continued from First Page) extent Local citizens work. and details to organize locally for speedy liquidation and to relieve the Bank Buena Vista opened October with capital stock which raised include heading board Sanders president
Institution In Good Shape The Bank Little River through President Teed announced : feel and desirable suspend perations present sound shape excess cash in our vaults reserve greater than think the He his of (ecting President Parker Bank immediately be made the reopen shortly and meet all Bank Hollywood previous through funds Miami banks The run cers sufficient deposit President George Romfph the association suspension three suburban banks, declared that loans outside solely were responsible for the
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.
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City National Bank & Trust Company · UID 1286801519
