First National Bank

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 5171
Charter Number: 5171
Start Date: May 2, 1919
Location: Tulsa, Oklahoma (36.154, -95.993)

Metadata

Model: gpt-5-mini
Short Digest: 0b14aba1

Response Measures

Accommodated withdrawals

Other: This was a demand for coin (pennies) driven by a tax change, not a depositor run on bank funds.

Description

Article describes a heavy demand for pennies at First National Bank on 1919-05-02 caused by a new war tax on soft drinks. This is a non-solvency-related, liquidity-driven 'run' for coinage; the bank remained open and simply supplied extra pennies.

Events (2)

1. January 21, 1899 Chartered

Source: historical_nic

2. May 2, 1919 Run

Cause: Macro News
Cause Details: Increased public demand for pennies triggered by the new war tax on soft drinks (policy change) causing heavy withdrawals of small coin.
Measures: Bank put in an extra supply of pennies and dished them out to meet demand.
Newspaper Excerpt: At the First National where there were several hundred dollars worth of pennies in reserve, the call was heavy and other banks report a similar 'run.'
Source: newspapers

Newspaper Articles (1)

1. May 2, 1919 The Morning Tulsa Daily World Tulsa, OK

Article from The Morning Tulsa Daily World, May 2, 1919

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Article Text

RUN ON PENNIES CAUSED BY WAR TAX ON DRINKS The much despised and little used penny of a year ago. at that time found only in the collection basket at Sunday school. has come into Its own, and over night has become one of the most sought for pieces of money used in Tulsa. Its all on account of the tax on soft drinks which went into effect yesterday. In anticipation of the call for pennies local banks put in an extra supply and have been "dishing" them out all day. At the First National where there were several hundred dollars worth of pennies in reserve, the call was heavy and other banks report a similar "run." It is anticipated that there will be pennies enough for all as the 7 8 and 11-cent cigars have put a Targe number into circulation.