368301487 36830
national
8331dd0d7d941dd9Accommodated withdrawals, Borrowed from banks or large institutions, Fed/other loan, Public signal of financial health
Clearinghouse involved: Yes (loan, examination, or other measures)
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Deny Any Trouble WICHITA, Kas., Nov. 8.-Rumors, which have circulated about Wichita for the past week, to the effect that the Fourth National Bank of Wichita, the second largest national bank in Kansas, was in a failing condition, caused hundreds of customers to withdraw their deposits from the institution today. Bank officials declared the rumors were false and "utterly unfounded." Officials said the bank had plenty of money on hand.
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RUMOR STARTS RUN WICHITA BANK ON Depositors Withdraw Money Despite Assurance Of Sound Condition KANSAS CITY, Nov. S.-The Kansas City federal reserve bank is informed "by those in a position to know" that the Fourth National bank of Wichita is in a sound condition, W.' J. Bailey, governor of the Kansas City bank, declared late today when questioned regarding reports of a run on the Wichita bank. Governor Bailey said the federal reserve bank would "go the limit" to stop the reported run.
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Run Started on Bank in Wichita WICHITA, Kan., Nov. 9.-Climaxing failure of approximately 100 banks in Kansas within the last two years, a run was started on the Fourth National bank here, depositors jamming the building and lining up for a block, intending to draw out their money. More than $2,000,000 in currency was rushed here today from the Kansas City federal reserve bank and checked the panicky depositors.
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GET FUNDS GALORE TO HALT BANK RUN Officials of Second Largest Institution in Kansas Given Fine Support. By the Associated Press. WICHITA, Kan., November 9.-Officers of the Fourth National Bank of Wichita, the second largest in Kansas, were prepared this morning to turn loose a flood of money should there be a continuation of the run which started yesterday after circulation of rumors that the institution's financial condiion was unsound. The Kansas City Federal Reserve Bank, members of the local clearing house association, Wichita business men and numerous outside banks rushed to the assistance of the Fourth National when the run was at its height, and it was announced last night by Jerome Herrington, vice president, that $2,500,000 in cash would be on hand with the opening of business this morning. One version of the rumors leading up to the run was that an employe of the bank who had been discharged circulated statements that the institution's standing had been impaired. Throughout yesterday long lines of depositors, fearing their savings would be lost, streamed into the bank. During the excitement of the afternoon, when depositors were swarming about the doors, Mr. Herrington climbed upon a chair and read a telegram from the Federal Reserve Bank of Kansas City pledging "unlimited" support. to the bank. No sooner had Mr. Herrington finished reading the message than shouts and cheering rose from the crowd. Hats were thrown into the air and many of the depositors broke away and left the bank, while the more skeptical lingered about. There was no disorder.
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READY FOR "RUN' Wichita, Kansas, Bank Has $2,500.000 in Cash in Case Depositors Demand Their Savings Today. Wichita, Kas., Nov. 2.-Officials of the Fourth National Bank of Wichita, the second largest in Kansas, were prepared this morning to turn loose a flood of money should there be a continuation of the run which started yesterday after circulation of rumors that the institution's financial condition was unsound. The Kansas City Federal Reserve bank. members of the local Clearing House association, Wichita business men and numerous outside banks rushed to the assistance of the Fourth National when the run was at its height and it was announced last night by Jerome Herrington, vicepresident that $2,500,000 in cash would be on hand with the opening of business this morning. One version of the rumors leading up to the run was that an employe of the bank who had been discharged circulated statements that the instiution's standing has been impaired.