National Savings Institution

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: December 2, 1875
Location: New York, New York (40.714, -74.006)

Metadata

Model: gpt-5-mini
Short Digest: f372c4c7

Response Measures

None

Description

The article list of savings banks includes the line 'National Savings Institation - Liquidated in full.' This indicates the National Savings Institution was liquidated (closed) rather than subject to a depositor run. OCR errors corrected: 'Institation' -> 'Institution'. No run or reopening mentioned; cause appears to be voluntary liquidation.

Events (1)

1. December 2, 1875 Suspension

Cause: Voluntary Liquidation
Cause Details: Described as 'liquidated in full' in the bank superintendent's report; indicates voluntary winding up/ liquidation rather than failure from a run or government closure.
Newspaper Excerpt: National Savings Institation-Liquidated in full.
Source: newspapers

Newspaper Articles (1)

1. December 2, 1875 The Sun New York, NY

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Article Text

VINGS BANKS EXAMINED. NDITION OF THE NEW YORK AND BROOKLYN INSTITUTIONS. ormation which Hosts of Readers of The Sun have Asked For-Latest Figures from the Report of the Bank Superintendent. answer to many letters of inquiry cerning the financial standing of New York Brooklyn savings banks. we publish below showing their condition. as far as can be rned from their statements to the Bank Suintendent, printed in his annual report to Legislature for 1875, and from personal inbingdon Squ re Sevings Bank-Hes urces. $170.8. $176,066.27. The resources include 316.32 of furniture and Axtures. for Savings in the City of New York. 67 ecker street Resources. $22,523,823.88 ; liabilities, 1582,990.77 Investments Mrst-class. Street Savings Bank. formerly Atlantic Savings Resources, $1,965,881.89 ; Habilities, $1,786,.88. Investments good. owery Savings Bank, 128 and 130 Bowery-Re1,308,928.1 17: Habilities, $27,169 181 38. Intwents nrst-class, and largest surplus of any bank in CITY. roadway Savings Institution. 237 Broadway-Re$2,282,197.10 liabilities, $2,056,088.83. InvestDIS. time CLINA, entral Park Savings Bank-Broken. vings Bank, 58 Bowery Resources. $8,417 33: liabilities, $8,017,678.21 Investments fair: solvent. lairmont Savings Bank. 247 Greenwich street-Retrees, $83,427.46 hanni $81,788.03. Bank sulvent. linton savings Bank 211 Eighth avenue Resources, 791.40: hapiliti $178,068.74. This bank shows a nife-t deficit. Dock Savings Institution Bowery-Resources, 4046,078.26 : liabilities, $9,214,770.63 investments t-class. last River Savings Institution. 3 Chambers streetsources, $7,982,760.98 Habilities, $7,312,206.59; intimen's good: bank solvent. last Side Savings Bank for Saflors, 187 and 189 Cherry Resources, $16,525.46: liabilities, $15,982.25. Deventh Ward Savings I a., Avenue C and Seventh Resources. $729,150.20; liabilities, $716,029.98 of the investments are doubtiul. Imigrant Industrial Savings Bank, 51 Chambers Resources, $14,036,258.53 : lia ilities, $12,931,Large surplus and goodinvestments. iquitable Savings' Institution. 170 Sixth avenue-Re$65,163.55 : liabilities. $52,167.26. Excelsior, 571 Sixth avenue-Res urces, $529,924.06 billies. $521,723.83 Trankin, 658 Eighth avenue-Resources. $1,645.1,22 : liabilities, $1,579,904.01. Investments good bank solvent. terman, 100 East Fourteenth street-Resources. 1,680,477.87 ; liabilities, $11,984,357.86 Solvent. erman Savings Bank of Morrisan.a. Third Avenue 158th street-Resoturces, $626,026.67: liabilities, 8,673.86. Solvent. German Uptown. 906 and 908 Third avenue-Reirces, $1,462,766.10 liabilities, $1,447,920.47. Has sixty days' \reenwieh, 73 Sixth avenue-Resources, $12,210,915.lisbilities, $11,127,940.79 In excellent condition em Savings Back, 2,281 Third avenue Resources, 026,425.88 ; liabilities, $988,064.17. nst1 ution for the Savings of Merchants' Clerks. 20 place Resources. $3,904,133.10; habilities, $3,1,129.52, The assets include $280,025.71 of other than New York, and $101,526.68 of real estate. rving Savings Institution, 96 Warren street-Reurces, $3,477,917.33 liabilities. $3,112,555.81 The instments are good and oank in good condition. Manhattan, 644 Broadway- Resources, $9,091,916.02 ; bilities. $8,739,530.35. Condition excellent. techanics' and Fraders'. 283 Bowery-Resources, $2.81 82: Habilities, $2,576,141.74. tropolitan, 1 and 8 Third avenue- Resources. $6,2,635.76 : Laoiliti $6,422,029.57. Solvent. Morrisania Savings Bank, Third avenue and 150th eet-Resources, $206,602.72 Habilities, $198,032.67. inv. siments aregood, and the Preside nt. ex Senator uldwell, has offered to furnish any m ney needed. tutual Benefit, in Staats Zeitung bulling-SuspendVational Savings Institation-Liquidated in full. New Amsterdam, 215 Bowery-Resources,$781,120.65; bilities. $768,593.98. New York Saving* Bank. 81 Eighth avenue-Rearces. $3,255,855.62 liabilities, $2,935,859.71. In condition. North River, 478 Eighth avenue-Resources, $883,3.81; liabilities. $842,250.67. Solvent. Priental, 430Grand street-Resources, $369,251.13 11. witles, $361,423.12. S Ivent People's, 301 Thir avenue-Broken. Should pay sevfive cents on the Tol ar. Seamen's, 74 and 76 W an street-Resources. $14,545.liabilities. $13,822.4 2.18. Great surprus: good