gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
527b9f26352c6c0f
Response Measures
None
Events (1)
1.January 31, 1917Run
Cause
Local Banks
Cause Details
Runs and heavy withdrawals at other Seattle banks (Peoples Savings and Scandinavian-American) prompted slight withdrawals at Bank of Commerce.
Newspaper Excerpt
very slight runs on the Bank of Commerce and the Dexter-Horton bank.
Source
newspapers
Newspaper Articles (2)
1.January 31, 1917The Alaska Daily EmpireJuneau, AK
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Article Text
BANKS ARE SOUND SEATTLE Jan. 31. - Persistent runs kept up until closing time this afternoon on the Peoples Savings Bank and the Scandinevion-AAmeri can bank. At the latter bank the line of those wishing to withdraw extended from the paying teller's window into Second Avenue and down to James street. The majority of those in line are foreigners. Both institutions are regarded as absolutely sound. T here have been no runs on the Seattle National, Union Savings & Trust and Bank of California and very slight runs on the Bank of Commerce and the Dexter-Horton bank.
2.February 1, 1917The Wrangell SentinelWrangell, AK
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Article Text
BANKS ARE SOUND SEATTLE. Jan. 31.-Persistent runs kept up until closing time this afternoon on the Peoples Savings Bank, and the ScandinaAt the vian-American bank. latter bank the line of those wishing to withdraw extended from the paying teller's window into Second avenue and down to James street. The majority of those in line are foreigners. Both institutions are regarded as absolutely sound. There have been no runs on the Seattle Na. tional. Union Savings & Trust and Bank of California, and very slight runs on the Bank of Commerce and the Dexter-Horton bank.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
