Klient Banku » Member Banks http://www.klientbanku.swinoujscie.pl Sun, 09 May 2010 07:05:04 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 How did the banks recover stolen money from a robbery before the FDIC insured days? http://www.klientbanku.swinoujscie.pl/2010/03/how-did-the-banks-recover-stolen-money-from-a-robbery-before-the-fdic-insured-days/ http://www.klientbanku.swinoujscie.pl/2010/03/how-did-the-banks-recover-stolen-money-from-a-robbery-before-the-fdic-insured-days/#comments Sun, 07 Mar 2010 20:47:06 +0000 Banking http://www.klientbanku.swinoujscie.pl/2010/03/how-did-the-banks-recover-stolen-money-from-a-robbery-before-the-fdic-insured-days/
I remember reading about how the Ashley gang from the 1920s got away with 4,500 dollars and 18,000 in securities.

This, of course, was long before FDIC where which guarantees the safety of deposits in member banks, currently up to $250,000 per depositer.

How did the banks before FDIC recover money in the event of a robbery, like the Ashley gang robbery, or a bank run? Did the bank immediately go under?

By: Daphne

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