Banking standards under the federal reserve system

Bibliographic data

Monograph

Identifikator:: 1017727422

URN:: urn:nbn:de:zbw-retromon-56103

Document type:: Monograph

Author:: Földes, Béla http://d-nb.info/gnd/119338211

Title:: Finanzwissenschaft

Place of publication:: Jena

Publisher:: Verlag von Gustav Fischer

Year of publication:: 1920

Scope:: 1 Online-Ressource (XIV, 686 Seiten)

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

NORMS AND TRENDS IN GROSS EARNINGS 77 the control of banks individually and collectively. Each bank is free, within certain common restrictions, to use its funds in the manner most conducive to profit. Presumably it exercises such restricted freedom, as financial prudence dictates, in increasing or decreasing the proportion of its assets as between different forms of revenue-producing agents. Loans and investments are avail- able, but the returns upon them are determined by forces common not alone to one market but to markets, integrated and overlap- ping, a fact which helps to explain why the tendency of regression to type is not isolated but general. Each district, as has already been indicated, has its own level of gross earnings in terms of earning assets. About this level the ratios fluctuate, the years which are high or low in one district tending to be high or low in all districts. But what are the levels for the respective districts? While the ratios themselves are given in Table 50, the nature (plus and minus) and the percentage amounts of variation from the averages for the country as a whole are shown in Table 55 for each district for the combined and for the individual years. Based upon the seven-year period 1919 to 1925, the ratios in Boston, New York, Philadelphia, Richmond, and Chicago are lower than those for the country as a whole, while those for the other districts are higher. Moreover, Boston and Philadelphia are lower than the yearly country average for the full period of TABLE 55 PERCENTAGE DIFFERENCES OF DISTRICT AVERAGES OF RATIOS OF Gross EARNINGS TO EARNING ASSETS FOR ALL MEMBER BANKS, FEDERAL RESERVE SYSTEM, FROM AVERAGES FOR THE COUNTRY AS A WHOLE PERCFNTAGE DrerweENCES FROM THE COUNTRV'S AVERAGES FEDERAL RESERVE Di1sTRICTS Average 010-25) 1910 1020 1021 922 IL .Q24 102% Boston. ..... New York. .. “hiladelphia.. “leveland.... Richmond. . .: Atlanta...... chicago. ....: 5t. Louis. . . .! Minneapolis. . Kansas City. . Dallas. ..... | San Francisco 00 - 3.95 ~ 6.54 F 0.30 - 3.50 F11.70 - 0.76 t+ 2.28 + 8.97 t14.44 F20.36 + 5.47 - 17 - 0.97 - yc Lo¢ io- + trg.2, +16.65 +24 .66 + 8.172 r - 55 - 1.29 — 0.63 L- 8€¢ of 26 70 + ,.7% +12.24 +190.84 +4 1.71 i v.00 ) “7 x ~3 2 2 "= .023 -54 .51 28 26 .77 ar oF F o1.38 +16.1%7 418.68 + 0.42 a ra t20.7. + 0.53 $a. +19.37 + 3.73 “1. 422.13 4 c.14 An 2 - 2.68

Access restriction

Copyright

Metadata: Banking standards under the federal reserve system

Monograph

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation