Dime Savings Bank - Brooklyn, NY

Bank Information

Episode Type: Run Only
Bank Type: savings bank
Start Date: January 7, 1932
Location: Brooklyn, New York (40.660, -73.951)

Metadata

Model: gpt-5-mini
Short Digest: e240f12f

Response Measures

Accommodated withdrawals, Public signal of financial health

Description

Article (Jan 7, 1932) describes unfounded rumors causing a run on the East New York branch; bank increased tellers and ran supportive ads. No suspension or closure mentioned.

Events (1)

1. January 7, 1932 Run

Cause: Rumor Or Misinformation
Cause Details: Unfounded rumors circulated about the bank, prompting depositors to withdraw funds from the East New York branch.
Measures: Employed eight additional tellers, doubled tellers at the branch, paid out funds, ran newspaper advertisements pledging support of the bank group.
Newspaper Excerpt: Rumors Cause Run ... unfounded mors caused the run on the bank ... employed eight additional tellers ... decided the meeting meet the run on the East New York Bank with display advertisements in newspapers pledging the support of every bank Group
Source: newspapers

Newspaper Articles (1)

1. January 7, 1932 The Brooklyn Daily Times Brooklyn, NY

Article from The Brooklyn Daily Times, January 7, 1932

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Article Text

2 WOMEN FOUND DEAD IN WRECKED AIRPLANE ON SIDE OF MOUNTAIN WARNED BANK DEPOSITORS AGAINST CREDITS ASSURED OF FUNDS TO LATIN AMERICA BY SAVINGS HEAD Says Loans Were Floated Commerce Department Expert East New York Institution Seeks Persons Who Spread Later by Wall Street. money than varranted when loans floated and by James He finance for the During the latter of the loaning period from Corliss built young tion public and avail issued the pointe out hazards in be added full malling and His to show bankers garded Commerce of loans False Rumors. depositors from East York Bank today New Bank and assured depositors no danger of losing their& deposits In display of State ings braces millions allay depositors Officers of Brooklyn savings banks savings would money had of tellers the Eastern branch had doubled today order commodate possible those outside the branch as early as this Rumors Cause Run pledging their East New York bank. the of Brooklyn that determined effort being person responsible for unfounded mors caused the run on the bank bank today by nicipal Court that there alarm absolutely single of depositors losing how run reassure have employed eight additional tellers, pay money tast they physically the law could will not do hand obligations reads possible Deposits Increase confidence this bank by increas ing deposits resources financial the shows Immediate steps allay fears depositors bank were of execu. tives held night the WilRay chairman of Group and manager the Navy Branch of the Dime Savings Bank decided the meeting meet the run on the East New York Bank with display advertisements in newspapers pledging the support of every bank Group Before the newspapers with the appeared the crowd had gathered in front of the branch of. (Continued on Following Page)