Albany Savings Bank (Albany, NY)

Episode Information

Episode UID
29000371123
Episode Type
Run Only
Bank Type
savings
Bank ID
2900037 routing
Routing Number
29-0003
Start Date
July 31, 1893
Location
Albany, New York (42.653, -73.756)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
fc1e0f8159e90aa8

Response Measures

None

Events (1)

1. July 31, 1893 Run
Cause
Macro News
Cause Details
General national panic of 1893 prompted precautionary measures and risk of runs; other local banks enforcing 60-day notice.
Measures
Trustees resolved to pay depositors on demand without requiring the usual notice (to meet any run).
Newspaper Excerpt
The trustees of the Albany Savings Bank met to-day and adopted a resolution to pay depositors the amount due them on demand without notice, as the bank feels able to meet any run that can be made upon it until the present panic is over.
Source
newspapers

Newspaper Articles (4)

Article from The Providence News, August 1, 1893

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Article Text

Albany Savings Banks. ALBANY, N. Y., Aug. 1.-The trustees ofthe Albany Savings Bank met yesterday and adopted a resolution to pay deposistors the amount due them on demand without notice, as the bank feels able to meet any run that can be made upon it until the present panic is over. The deposits in this bank are about $15,000,000, and the surplus $2,500,000. The bank has about $515,000 on hand. The trustees of nearly all the other savings banks in the city met, and the sentiment expressed was in favor of enforcing the 60 days' notice from depositors. The only banks which required such notice were the Albany city Savings Institution, the Home Savings Institution and the National Savings Bank. The other banks, except the Mechanics and Farmers' Savings Bank, may require notice later.


Article from San Antonio Daily Light, August 1, 1893

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Article Text

actically over. Albany savings bank will pay demands on sight. Three negroes lashed and lynched rape at Gaston, S.C. Northern Arkansas is blessed a much-needed rain. The Missouri National of KanCity resumes operations. ndustrial works at Bay City, close down temporarily. 'hurman, of Ohio, presides at the icago silver convention today. 'he married men in Ishpeming district are given work. Amoskeag, Maine, closes its throwing 8,000 men out of a Watson shoots Peter Jackson Hallettsville, claiming self-depersistent run on the First Naof Ashland, Wis., closes its Relief, Denver, is feeding daily, but the number is diminfew York savings banks take tantage of the sixty-day time dead and two more on the by the kerosene route in North kota. avings bank at Pendleton, Ore., pends. Assets double the liaopulists, free silverites and enbackers form a combination Chicago. olorado's idea of a state bullion ository is not endorsed at shington. eneral Morgan, last of the Mexwar generals is buried at und View, O. he Union Pacific hereafter closits shops on Saturdays, no on that day. has nothing to say, save he hopes that there will be no in congress. 400 Indians in Washburn Wis., are on the war path trouble is feared. leveland rolling mill closes enough of its plant to thro W men out of work. Iorton, of Maine, takes the place Lynch, of Mississippi, as fourth of the treasury. million persons visited World's fair during the months June and July. loody fight between the strikand the non union lumber at Ashland, Wis. he Citizens bank of Henrietta its doors, and the Farmers will soon follow suit. purchases of silver were 4,000 ounces: 2,116,000 short of usual monthly purchase. Wisconsin farmer, poor and pondent, kills his wifeand three and attempts suicide. S. grand jury indict the cashof the defunct Commercial Nabank at Nashville, Tenn. [issouri delegates to the miners vention at Kansas City are into vote against strike. he senatorial representation at shington is very small as yet, half a dozen being in the city. at the Smith-Corbett mill at Ind caused by toughs rv-


Article from The Sun, August 1, 1893

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Article Text

Action of the Albany Savings Banks. ALBANY. July 31.-The trustees of the Albany Savings Bank met to-day and adopted a resolution to pay depositors the amount due them on demand without notice. as the bank feels able to meet any run that can be made upon it until the present panic is over. The deposits in this bank amount to $15,500,000. and the surplus to $2,500,000. The bank has about $515,000 on hand. The trustees of nearly all the other savings banks in the city met to-day. and the sentiment expressed was in favor of enforcing the sixty days' notice from depositors. The only banks which to-day required such notice were the Albany City Savings Institution. the Home Savings Bank. and the National Savings Bank. The other banks. except the Mechanics' and Farmers' Savings Bank. may require such notice later.


Article from Fort Worth Gazette, August 1, 1893

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Article Text

WANT NO NOTICE. ALBANY. N. Y., July 31.-The trustees of the Albany Savings bank to-day adopted a resolution to pay depositors the amount due them on demand without notice, as the bank feels able to meet any run made upon it until the present panie is over.