gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
beaff9bf09c63e89
Response Measures
Accommodated withdrawals, Borrowed from banks or large institutions, Clearinghouse loan, Public signal of financial health
Clearinghouse involved: Yes
(loan, examination, or other measures)
Description
Articles describe a short-lived run on Miami banks that was quelled by interbank funds; no article names Third National explicitly and references to suspensions are ambiguous.
Events (3)
1.February 18, 1926Chartered
Source
historical_nic
2.July 3, 1926Run
Cause
Bank Specific Adverse Info
Cause Details
Embarrassment attributed to outside control and loans on paper (questionable loans/credits) leading depositors to withdraw
Measures
Officers announced sufficient funds and Miami banks provided funds/clearinghouse assistance to meet withdrawals
Newspaper Excerpt
the run subsided shortly after when officers announced funds sufficient to cover every ... the banks of Miami today are in an impregnable ... we could pay every dollar of the liabilities
Source
newspapers
3.August 19, 1931Voluntary Liquidation
Source
historical_nic
Newspaper Articles (2)
1.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.
2.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.
