gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
245aede8dad7fcea
Response Measures
None
Events (1)
1.December 20, 1933Receivership
Newspaper Excerpt
receiver of the Coggon State bank has been authorized to make a 10 per cent payment to depositors. It will be the bank's first payment.
Source
newspapers
Newspaper Articles (1)
1.December 20, 1933The Des Moines RegisterDes Moines, IA
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Article Text
receiver of the Coggon State bank has been authorized to make a 10 per cent payment to depositors. It will be the bank's first payment.
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.