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.

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Label Occurrences
Knickerbocker Trust Company canonical 1

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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 of America
surface form: 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
surface form: Fifth Avenue, Manhattan

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 US dollar
surface form: U.S. dollar
partOf U.S. banking system
regulatoryJurisdiction U.S. state of New York
surface form: State of New York

United States government
surface form: United States federal government
riskType credit risk
liquidity risk
reputational risk
servedArea New York metropolitan area
surface form: New York City metropolitan area

United States of America
surface form: 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

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Referenced by (1)

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

Knickerbocker (nickname for New Yorker) influencedNameOf Knickerbocker Trust Company