Article Text
RUN ON SIOUX CITY BANKS FOLLOWS COLLAPSE OF Dec heavy of the of the two largest banks the city Satby of bank examiFirst and the the for closing the banks than airplane from Chicago and Minneapolis Machine precautions against holdups
Security National Bank (Sioux City, IA)
Episode Information
- Episode UID
312401572- Episode Type
- Run Only
- Bank Type
- national
- Bank ID
-
31240national - Charter Number
- 3124
- Start Date
- December 6, 1930
- Location
- Sioux City, Iowa (42.500, -96.400)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
d5ba1cc77b58dbf6
Response Measures
Accommodated withdrawals, Clearinghouse loan, Public signal of financial health
Clearinghouse involved: Yes (loan, examination, or other measures)
Description
Articles describe a city-wide run after collapse of two large Sioux City banks; Security National is not named explicitly.
Events (2)
1.
February 16, 1884
Chartered
- Source
- historical_nic
2.
December 6, 1930
Run
- Cause
- Local Banks
- Cause Details
- Runs triggered by collapse/closing of the two largest Sioux City banks, producing city-wide withdrawals
- Measures
- Banks displayed large amounts of cash, received currency shipments, and officers appealed for depositor confidence; Sioux Clearing House and bankers coordinated responses.
- Newspaper Excerpt
- RUN ON SIOUX CITY BANKS FOLLOWS COLLAPSE... and Runs Fail to Heavy Develop... Having satisfied every demand upon them Monday following the closing Saturday
- Source
- newspapers
Newspaper Articles (2)
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Article Text
BANK CRISIS BELIEVED TO HAVE PASSED "Runs" Fail to Heavy Develop-Ready for Any Emergency Having satisfied every demand upon them Monday following the closing Saturday of Sioux officers of the national and banks confident that the worst of the storm been weathered and that today witness return to nearly banking conditions Heavy that were expected dwindled to remarkably except Monday bankers pressed opinion that the and ability of the banks convinced depositors of their funds Cash Is Convincing Huge of currency plain sight to convincing for persons visited intention of closing and many of them depart restored Some the banks deposits All open ample at their command In the more than that the banks currency and shipments are arrive train this morning becomes evident that the stage has passed today likely that Sioux stitutions would extend financial aid to banks in of City territory an gent need for such Leeds to Reorganize meeting of depositors of of to held Monday postponed tonight time that ments made the suspended Monday of proportions develpresident of the bank that an effort was being made have come to an regard to the of Mr funds that Leeds busihad to deposit stantial in case the bank Prior opening for busithe bank had deposits totaling Following of the Sioux Clearing House Monday officials declined issue statement on the situation from pression of satisfaction with the nation and appreciation manner which most Sioux City depositors had met the Appreciate Co-Operation At close of business Monday some of the bankers voiced informal expressions appreciation for the co-operation they received from their deposand assurance that every precaution had been taken to meet any demands that might be made George Sinclair, president of the Woodbury County bank where long line of persons was in evidence most of the day. think it is safe to say that the rush over. Withdrawals of the morning were largely offset by deposits The orderly and good Everyone realizes should realize. by now that the banks sound basis. Carleton B. Toy president of the Toy bank "The situis well hand. (Continued on Page S-Column 1.)