Boro Bank (New York, NY)

Episode Information

Episode UID
5151176591595
Episode Type
Suspension โ†’ Reopening
Bank Type
state
Bank ID
515117659 hash
Start Date
November 1, 1932*
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
92d363fcdeab3c09

Response Measures

None

Description

Articles refer to the institution as Borough Bank; assumed to be the same as Boro Bank given context and location.

Events (2)

1. November 1, 1932* Other
Newspaper Excerpt
reports were current that the branch bank would warrant its opening within week. mass meeting of positors ... being planned means for the reopening of the institution.
Source
newspapers
2. November 2, 1932 Suspension
Cause
Macro News
Cause Details
Closing occurred amid broader bank panics and local banking distress reported in the city; described as part of current bank panics.
Newspaper Excerpt
Through the closing of the Borough Bank threw Home Bank Bay Ridge ... reported of depositors their from institution.
Source
newspapers

Newspaper Articles (2)

Article from The Greeneville Sun, April 11, 1932

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Article Text

Foreign Drives Upon Dollar Add To Unrest Washington, April Aroused the collapse of prices and reports of foreign campaigns against the American dollar the Senate banking mittee in meeting today ordered an immediate vestigation of the stock market. issued for Richard Whitney president the New York Stock Exchange, ordering him to appear here Monday with all records relating short sales at the close of business today. Further decline in stock prices today following persistent downward drive all week promptthe emergency session of the It was held an hour after the closed for the day Senator advisor President Hoover and regarded an administration spokesman, led the movement for the session. There every indication that the administration spurred the sudden inquiry and backAroused By Reports the meeting the night the capital aroused outbreak the campaign France against published story that New York bank had suspend Senator Brookhart, Iowa, called banking mittee together today in ence of Chairman The committee no its meeting gathered Republican cloak room of the Senate. Its action was unanimBrookhart spoke of reports of "systematic bear on exchange referred to com plaints received against foreign attacks the currenWalcott declined to comment. New York reports of the stock exchange today told of new low levels stocks. One story told the shipment today gold abroad, of which $9,000. 000 went to France and $1,000, 000 Belgium. The banking committee includmembers all shades itical opinion the Senate and its unanimous decision garded significantly. Committee members immediately into prospective counsel assist The name of Carter Branch, Providence, was for this post, Glass Gives Consent While been going forward time make the stock market inquiry, intended defer action the Glass banking bill was the Senator Virginia, is to hotel understood have the sudden The American gold standard was Senate and by ator The Iowan said haid pocket purporting disclose systemcampaign the nation off the this stock going market from top bottom, serted Brookhart are moning Mr. because knows the with the going going find the find everything about week, whether they liquidation sales, wash sales they


Article from Brooklyn Eagle, November 2, 1932

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Article Text

Years This Ago While the State's bank examiners were completing their books eighth ward branch, 51st and Ave., the closed Borough Bank, reports were current that the branch bank would warrant its opening within week. mass meeting of positors the Theater being planned means for the reopening of the institution. In spite of Mayor McClellan's call for city work on the Ave. subway would Controller announced. necessary which will be required begin work will appropriated Public Service Commission is Metz stated. donkey party was given by Lady Hancock of at Prospect Hall. More than 200 peresons attended. The regular monthly meeting of the Bay Ridge held with President Cuming the senior basketball team the Ridge Club was decided upon at the meeting. Through the closing of the Borough Bank threw Home Bank Bay Ridge 48th and 5th reported of depositors their from institution. bank creased deposits in order to weather current bank panics. The Young Men's Hebrew Association of Brooklyn opened season listening addresses Prendergast, Bruckbauer former Senator Burton. Among those present the meeting Michael president the M. A., and Percival Menken. Halloween party was held by the Lorelei Club the home Miss Anna K. Hemmer, 365 St. Shoe men on 3d and 5th Aves. got together this week agreed among themselves keep Sabbath by remaining shut Sundays. Other stores expected to fall line and follow the shoe men's plan. The Redemptorist Fathers of Bay Ridge laid plans this and rectory their bounded by 5th 6th 59th 60th Sts. architectural plans Lady Help which the parish charge the Redemptorist Fathers, will be completed. The estimated cost The world famous minstrel star and comedian. Eddie opened Keeney's Theater in act.