Home Savings Bank - Albany, NY

Bank Information

Episode Type: Run Only
Bank Type: savings bank
Start Date: September 22, 1873
Location: Albany, New York (42.653, -73.756)

Metadata

Model: gpt-5-mini
Short Digest: 20fb202d

Response Measures

Accommodated withdrawals

Description

Article (NY Herald, Sept 23, 1873) reports a same-day run on several Albany savings banks; Home Savings Bank paid out $6,000 and banks remained open with better feeling by 2 PM. No suspension or closure mentioned.

Events (1)

1. September 22, 1873 Run

Cause: Macro News
Cause Details: Part of broader Sept. 1873 banking disturbances (panic contagion) causing runs on multiple Albany savings banks.
Measures: Paid out withdrawals (Home Savings Bank paid out $6,000); banks closed at 2 PM and calm returned.
Newspaper Excerpt: The Albany Savings Bank paid out $50,000, the Home Savings Bank $6,000 and the National $12,000. At two P. M., when the banks closed, there was a better feeling prevailing, and it is thought the run is now over.
Source: newspapers

Newspaper Articles (1)

1. September 23, 1873 The New York Herald New York, NY

Article from The New York Herald, September 23, 1873

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Article Text

THE EFFECT ELSEWHERE. Run on the Albany Savings Banks. ALBANY, N. Y., Sept. 22, 1873. There was quite a run on some of the savings banks here to-day. The Albany Savings Bank paid out $50,000, the Home Savings Bank $6,000 and the National $12,000. At two P. M., when the banks closed, there was a better feeling prevailing, and it is thought the run is now over.