Brooklyn Savings Bank - Brooklyn, NY

Bank Information

Episode Type: Run Only
Bank Type: savings bank
Start Date: August 16, 1929
Location: Brooklyn, New York (40.660, -73.951)

Metadata

Model: gpt-5-mini
Short Digest: a51624c1

Response Measures

Accommodated withdrawals, Borrowed from banks or large institutions, Public signal of financial health

Description

A short, rumor-driven run occurred in mid-August 1929 after false reports about the bank president (rumored death). The articles state the reserve saved the day and describe increased tellers/attendants and assistance from Brooklyn Trust; there is no mention of suspension or closure.

Events (1)

1. August 16, 1929 Run

Cause: Rumor Or Misinformation
Cause Details: False rumors that the bank president had died (a carbuncle/boil story) prompted depositors to withdraw funds.
Random Run: Yes
Random Run Snippet: False rumor the president had died; sparked withdrawals, later disproved
Measures: Used reserve funds to meet withdrawals; brought in extra tellers and attendants; assistance from Brooklyn Trust (truck) to handle cash.
Newspaper Excerpt: Carbuncle Causes Run on Bank; Reserve Saves the Day NEW YORK. the back of the president's neck start today on Savings Bank Brooklyn. ... Rumors that and that his death had caused run officials of the said today.
Source: newspapers

Newspaper Articles (2)

1. August 16, 1929 The Commercial Appeal Memphis, TN

Article from The Commercial Appeal, August 16, 1929

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Article Text

Carbuncle Causes Run on Bank; Reserve Saves the Day NEW YORK. the back of the president's neck start today on Savings Bank Brooklyn. the place before they had quieted before some them had reopened their accounts had out Several ago Maurice president. hospital have from Rumors that and that his death had caused run officials of the said today. borrow on speak said he had unable the bank short funds. heads the bank heard about the days off they Dr. by Being about the rush. They hired tellers. making total stationed attendants the door hand from the Brooklyn Trust truck they had in there. By closing time the tellers been ferred from paying window receiving

2. August 17, 1929 Columbia Daily Tribune Columbia, MO

Article from Columbia Daily Tribune, August 17, 1929

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Article Text

Boil on Mellon's Neck Would Bankrupt Nation BEVERLY HILLS. Cal. Aug. 17. The Tribune: banker head savings bank in Brooklyn had his neck. and the heard and started run bank and drew out two million dolbefore the fellow could prove them that financiers are part human have boils. If Andy Mellon carbuncle Brooklyn seceding from the union. Mr. Hoover going to talk at noon tomorrow on The advantages Virginia spend Sunday tariff, cat fish and disarmament. Yours, WILL ROGERS