National City Bank - New York, NY

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 1461
Charter Number: 1461
Start Date: April 12, 1926
Location: New York, New York (40.714, -74.006)

Metadata

Model: gpt-5-mini
Short Digest: 2a4ae61a

Response Measures

Public signal of financial health

Other: Shipments of currency ($43,000,000) sent to Havana to meet withdrawals; special train moved $18,000,000 to branches.

Description

April 1926 minor run on National City Bank in New York related to wider depositor hysteria in Cuba (also affecting Royal Bank of Canada). Funds ($43,000,000) shipped to Havana to meet renewals; newspaper says run was slight and Monday business was usual, indicating no suspension or closure.

Events (1)

1. April 12, 1926 Run

Cause: Rumor Or Misinformation
Cause Details: Depositor hysteria in Cuba with reports/false rumors prompting small depositors to withdraw; articles mention false rumors and hysteria among small bank depositors.
Measures: Shipment of $43,000,000 aboard Cuban cruiser Cuba (and additional U.S. shipments totalling $80,000,000) to meet renewals and stem runs.
Newspaper Excerpt: The National City Bank of New York, which also experienced slight run Saturday, reported the usual Monday morning business, no abnormal withdrawals.
Source: newspapers

Newspaper Articles (3)

1. April 12, 1926 The Herald-Palladium Benton Harbor, MI

Article from The Herald-Palladium, April 12, 1926

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Article Text

SHIPLOAD OF GOLD TO STEM RUN ON BANK HAVANA, April Cuban cruiser Cuba arrived here today with $43,000,000 on board with which to meet renewal of the run of small depositors on the Royal Bank of Canada and the National City bank of New York, which started T. Alaiza, young accountant, is said to have confessed to absconding with $48,000 the bank money, and to have said he will not resistextradition from Denver. PUT OUT ROOF FIRE The fire department was called to the home of Rex Kelly, 353 Miller street, at o'clock this morning, where roof fire had been started from chimney spark. The fire was extinguished with chemicals. FIRE THREATENS HOME The fire department was called to 410 Division street at 11:30 o'clock Saturday night. A fire, which had originated around the stove on the first floor of the frame house, was extinguished with the aid of a large chemical.

2. April 13, 1926 The Independent-Record Helena, MT

Article from The Independent-Record, April 13, 1926

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Article Text

April of persons the charge of spreading false rumors and dicial inquiry into the sources sational were the today in the run of which last and ended The cruiser Cuba arrived here today from Key West. Fla. with $43,000,000 on heard with which to meet of the runs. The money was by the National City Bank of New York.

3. April 13, 1926 St. Louis Globe-Democrat St. Louis, MO

Article from St. Louis Globe-Democrat, April 13, 1926

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Article Text

CUBAN BANK RUN -IS NEAR ITS END $43,000,000 Reaches Havana, Making $80,000,000 Sent from U.S. By Associated Press. HAVANA, April 12.-With the are rival here of $43,000,000 from the United States, Saturday's hysteria among small bank depositors has apparently Officers of the Royal Bank of Canada said the run on their bank was dying out. A moderate amount of deposits were made, and the withdrawals were all of small accounts Their branches in the interior reported everything quiet, with no sign of unusual withdrawals. The National City Bank of New York, which also experienced slight run Saturday, reported the usual Monday morning business, no abnormal withdrawals. The Cuban cruiser Cuba arrived today with $43,000,000 on board. In all, $80,000,000 has arrived or is on the Yesterday a' special train left Havana with $18,000,000 in currency for branches of the Royal Bank of Canada in the outlying districts. Cuban banks have shown no unusual activity Admirers of President Machado are praising him for his efforts to surmount the difficulty. They say he never forgets friend. They tell the story that during the 1921 panic Machado took his troubles to the Royal Bank of Canada. The bank advanced him sufficient money to tide him over the crisis. Saturday, when the bank required funds, the