First National Bank - New York, NY

Bank Information

Episode Type: Run → Suspension → Reopening
Bank Type: national
Bank ID: 29
Charter Number: 29
Start Date: February 20, 1930
Location: New York, New York (40.714, -74.006)

Metadata

Model: gpt-5-mini
Short Digest: 11d90549

Response Measures

Full suspension

Other: OCR noisy article; indicates rumor triggered withdrawals and bank decided to close until Wednesday.

Description

OCR'd article (Asheville Times, Feb 20, 1930) describes a crowd and withdrawals at the First National Bank in New York caused by a rumor, prompting the bank to close temporarily until Wednesday. No receivership or permanent closure is mentioned. Dates inferred from newspaper date; OCR errors corrected (e.g., Run On...First National Bank).

Events (3)

1. February 20, 1930 Run

Cause: Rumor Or Misinformation
Cause Details: Article attributes the disturbance to a rumor that caused depositors to crowd the lobby and withdraw funds.
Measures: Bank decided to close temporarily (closed until Wednesday) to stem withdrawals.
Newspaper Excerpt: Run On ... First National Bank ... resulted the lobby throng ... Withdrawals became ... an hour before
Source: newspapers

2. February 20, 1930 Suspension

Cause: Rumor Or Misinformation
Cause Details: Temporary suspension of payments/closure enacted in response to the run triggered by the rumor.
Newspaper Excerpt: was decided close the bank ... until Wednesday
Source: newspapers

3. February 21, 1930 Reopening

Newspaper Excerpt: close the bank ... until Wednesday (implying resumption after that date).
Source: newspapers

Newspaper Articles (1)

1. February 20, 1930 The Asheville Times Asheville, NC

Article from The Asheville Times, February 20, 1930

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Article Text

Cocke Takes Place In Firm Of Elihu Root SIMMONS PICKS HINES TO HEAD HIS CAMPAIGN Colonel John D. Langston, Of Goldsboro, Advisory Body Chief. Bureau Feb. manage M. campaign for the for the John Langston, will chairman the Simmons commit- This announcement from Senator Simmons' capitol days ago mentioned probable been His was taken mean after the field, Simmons found he was the best closely return his from probably been his health had will Senator Simmons' committee, which will composed district managers and other including men and Headquarters Senator Simmons said one State Chairman Hines most his will drop Raleigh for one or the Salmon, of will manager of will be assistant Raleigh Senator said two outstanding women will selected managers the said the office will directly charge of small selectfrom the state advisory commit- Hines Voted for Smith State Chairman Hines for has readers newspaper been that William be misled.) Cocke, Asheville, former on honor student the state university Rhodes has been Endeavor To Fix into the known law firm of Root. Clark Ballentine. Elihu Root member of For Responsibility the Mr. Cocke awarded his bachRun On k elor's degree by the university five years He returned to the United States FORT last fall following three years in the study of law Oxford unity grand jury prospect versity. Rhodes seeking responsibility for the rumor the English and Engcaused lish barrister and First National Bank which entione the oldes: tles him nancial privilege New Criminal York going through E. Hosey formality an would be The Root firm has offices New crowding York, and the bank Tuesday York Paris that ernoon. The remained Cocke met members the firm. They with open student and withdrawals and depositors record as ford that the to become and associated with them resulted the lobby throng Before going Oxford Cocke cers and spent univer- dogs He years academic Withdrawals became work and law finally undergraduate was president of an hour before the student body. and was decided close the bank Phi Beta Kappa the Golden til Wednesday Fleece. President