BANK FAILURES.
NEW ENGLAND RECORD. TWENTY-ONE CLOSED. (UNITED MESS ASSOCIATION I —Br ELKCTHtC TBI EGRA PtC—COPYRIGHT.) (Received December 22nd, 7 p.m.) NEW YORK, December 21. Bank closings during the week-end included three more New England institutions and the Standard Trust Bank of Cleveland. The last-named is the first banking venture by organised Labour forced to liquidate its assets, which in 1930 exceeded 22,000,000. dollars. It wag founded in 1920 by the llnilway Brotherhoods. The 21 closed Now England banks had .total deposits of 96,363,000 dollars. [A New York message dated December 17th reported: Eleven national bank 3 and trust companies with deposits aggregating 61,701,000 dollars hove closed their doors within tho past three days, making tho total failures of New England banks 18 since October Ist. The Arlington Trust Company, with deposits of 6,000,000 dollars, closed late this afternoon, making the 18th.]
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19311223.2.88
Bibliographic details
Press, Volume LXVII, Issue 20427, 23 December 1931, Page 11
Word Count
142BANK FAILURES. Press, Volume LXVII, Issue 20427, 23 December 1931, Page 11
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in