East Boston Savings Bank

Bank Information

Episode Type: Suspension → Reopening
Bank Type: savings bank
Start Date: March 20, 1878
Location: Boston, Massachusetts (42.358, -71.060)

Metadata

Model: gpt-5-mini
Short Digest: b996d970

Response Measures

None

Description

Article (Mar 20, 1878) reports East Boston Savings Bank requiring sixty days' notice to withdraw — a partial suspension (30/60/90 rule) during a Boston panic. The article does not describe a depositor run on this specific bank nor any permanent closure or reopening; I classify as suspension_reopening but reopening is not documented in the excerpt.

Events (1)

1. March 20, 1878 Suspension

Cause: Macro News
Cause Details: General panic in Boston leading banks to invoke sixty days' notice (partial suspension under the 30/60/90 rule).
Newspaper Excerpt: The East Boston and Franklin Savings Banks will require sixty days' notice.
Source: newspapers

Newspaper Articles (1)

1. March 20, 1878 Smyrna Times Smyrna, DE

Article from Smyrna Times, March 20, 1878

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Article Text

The panic continues in Boston. The directors of the Five Cents Savings Bank decided to pay on demand. The depositors number seventyone thousand, and the deposits amount to nearly $12.000,000. The East Boston and Franklin Savings Banks will require sixty days' notice. 100