Knickerbocker Trust Company

E205992

Knickerbocker Trust Company was a prominent early 20th-century New York City trust company best known for its central role in triggering the Panic of 1907, which led to major reforms in the U.S. financial system.

All labels observed (1)

Label Occurrences
Knickerbocker Trust Company canonical 2

How this entity was disambiguated

Statements (44)

Predicate Object
instanceOf financial institution ⓘ
trust company ⓘ
associatedWithEvent Panic of 1907 ⓘ
causeOf loss of depositor confidence in 1907 ⓘ
contributedTo debates that led to the Federal Reserve Act of 1913 ⓘ
political momentum for banking reform in the United States ⓘ
country United States ⓘ
hasBusinessModel accepting deposits ⓘ
acting as trustee ⓘ
making loans ⓘ
managing estates and trusts ⓘ
hasCustomerType business clients ⓘ
individual depositors ⓘ
wealthy individuals and estates ⓘ
hasEffect contributed to the Panic of 1907 ⓘ
helped spur creation of stronger U.S. banking regulation ⓘ
helped spur movement toward establishment of a U.S. central bank ⓘ
hasLegalForm corporation ⓘ
headquartersLocation Fifth Avenue, Manhattan ⓘ
linked to: Fifth Avenue

New York City ⓘ
historicalSignificance illustrated systemic risk in U.S. banking before the Federal Reserve ⓘ
its failure highlighted weaknesses in the U.S. financial system ⓘ
industry banking ⓘ
trust banking ⓘ
languageOfWorkOrName English ⓘ
locatedIn Manhattan ⓘ
New York City ⓘ
locatedInTimeZone Eastern Time Zone ⓘ
notableFor central role in the Panic of 1907 ⓘ
contributing to reforms of the U.S. financial system ⓘ
operatedInCurrency U.S. dollar ⓘ
linked to: US dollar
partOf U.S. banking system ⓘ
regulatoryJurisdiction State of New York ⓘ
United States federal government ⓘ
riskType credit risk ⓘ
liquidity risk ⓘ
reputational risk ⓘ
servedArea New York City metropolitan area ⓘ
United States ⓘ
significantEvent suspension of operations during the Panic of 1907 ⓘ
status defunct ⓘ
timePeriod early 20th century ⓘ
typeOfOrganization private company ⓘ
usedAccountingStandard U.S. accounting practices of the early 20th century ⓘ

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Knickerbocker (nickname for New Yorker) → influencedNameOf → Knickerbocker Trust Company ⓘ
Knickerbocker Crisis → mainVictim → Knickerbocker Trust Company ⓘ