Farmers & Merchants Bank

Bank Information

Episode Type: Run Only
Bank Type: state
Start Date: April 30, 1906
Location: Reno, Nevada (39.530, -119.814)

Metadata

Model: gpt-5-mini
Short Digest: 1dd1d6fb

Response Measures

Accommodated withdrawals, Public signal of financial health, Capital injected

Description

Article (dated 1906-05-01) describes a brief panicky run/withdrawal attempt at Reno banks on April 30, 1906; no suspension or closure; heavy deposits and coin arrivals calmed the panic. Cause not specified in the text, so classified as 'other'.

Events (1)

1. April 30, 1906 Run

Cause Details: Article mentions a temporary panicky feeling and lines to draw deposits but gives no specific trigger or rumor; inflows of coin and deposits soon restored confidence.
Measures: No formal measures reported; large deposits and Wells Fargo delivering coin increased bank reserves, which calmed the panic.
Newspaper Excerpt: When the Reno banks opened this morning there were lines of people on hand with checks to cash and men who wanted to draw out their deposits. There was for a while a panicky feeling in the air but it was soon over. ... Money poured into the Washoe and Farmers Banks by the barrel.
Source: newspapers

Newspaper Articles (1)

1. May 1, 1906 Morning Appeal Carson City, NV

Article from Morning Appeal, May 1, 1906

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Article Text

RENO BANKS ALL RIGHT They Took in More Money Than They Paid Out Yesterday RENO, April 30.-When the Reno banks opened this morning there were lines of people on hard with checks to cash and men who wanted to draw out their deposits. There was for a while a panicky feeling in the air but it was soon over. One man walked un and deposited $25,000 and presently Wells rargo wagon backed up and began unloading sacks of coin. Money poured into the Washoe and Farmers Banks by the barrell. It was soon evident that both banks were sound and when the flurry was over both banks had more money in their vaults than they had before.