Articles (dated 1930-06-12) report that six Tampa banks including Columbia Bank of Ybor City required 60 days' notice for withdrawals from savings accounts as a protective measure after suspensions of payments at banks in other Florida cities. This is a precautionary partial suspension (30/60-day style restriction) rather than a failure; the bank remained operating and demanded notice rather than closing. Cause attributed to runs/suspensions at other local/state banks.
Events (1)
1.June 12, 1930Suspension
Cause
Local Banks
Cause Details
Preventive invocation of 60-day notice requirement due to recent suspensions of payments at banks in Miami and other Florida cities (panic/unrest from local bank failures).
Newspaper Excerpt
A partir de hoy (jueves) los bancos de Tampa requerirán una notificación de 60 días de los depositantes que tengan la intención de retirar sus cuentas de ahorro...
Source
newspapers
Newspaper Articles (3)
1.June 12, 1930La GacetaTampa, Ybor City, FL
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Article Text
LOS QUE TIENEN CUENTA DE AHORRO DEBERAN NOTIFICAR CON 60 DIAS DE ANTICIPACION PARA PODER SACAR SU DINERO Vista la gravedad de la situa ción que se presentaba en la tar de de ayer, por el pánico injustificado de los depositantes, los directores de los bancos de esta ciudad se reunieron y tomaron el siguiente acuerdo: A partir de hoy (jueves) los bancos de Tampa requerirán una notifica, ción de 60 días de los depositantes que tengan la intención de retirar sus cuentas de ahorro, estrictamente de acuerdo con el contrato bajo el cual tales depósitos fueron originalmente aceptados. Tomamos esta acción en un tiempo de intranquilidad debido a la infortunada suspensión de pago de los bancos en otras partes del estado y para la protección de los bancos, nuestros depositantes y la conveniencia pública. Todas las demandas de devolución de depósitos hechas por los que tienen cuenta corriente serán atendidas en el acto. (Firman) : First National Bank, Exchange National Bank First Savings and Trust Co., Latin American Bank of Ybor City, Columbia Bank of Ybor City y Bank of West Tampa.
2.June 12, 1930Tampa Bay TimesSt. Petersburg, FL
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Article Text
Tampa Banks Freeze Savings Deposits
Tampa banks, six in number, last night which was savings would withdrawal cordance under which accepted. The taken following bank pensions other parts Demand deposits be paid as announced. The statement was signed by the First bank of National bank. the First Savings Trust American bank of City, Columbia of Ybor City, the Bank of West Tampa.
3.June 12, 1930The Tampa TimesTampa, FL
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Article Text
Banks to Require 60-Day Notice To Draw on Savings
Six banks of Tampa took vigorous steps this morning to prevent the spreading here of panicky feeling as the result of the suspension Miami and other Florida cities. To protect their depositors and the public generally, the Tampa banks invoked regulation requiring depositors give 60-day notice intention withdraw funds from their savings accounts. take this action at time of unrest bank other parts of the state for the protection of the banks, our depositors and for the public welfare, statement issued by the following: First National Exchange National bank, First Savings and Trust company. Ybor City, Columbia the Bank of West Tampa.
