Banking standards under the federal reserve system

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Monograph

Identifikator:: 1762969653

URN:: urn:nbn:de:zbw-retromon-142432

Document type:: Monograph

Title:: Banking standards under the federal reserve system

Place of publication:: Chicago

Publisher:: A. W. Shaw Company

Year of publication:: 1928

Scope:: xxxviii, 420 Seiten

Digitisation:: 2021

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Part II. Norms and trends in individual series for all Member Banks, by districts

Collection:: Economics Books

SERIES CORRELATED WITH EXPENSES 243 TABLE 144 CORRELATION OF DisTRICT DEVIATIONS OF RATIOS IN PAIRED SERIES (Percentage Deviations from the Respective District Averages, Period 1019-1028) Position INDEPENDENT VARIABLE— Ratios of Salaries and Wages to Earning Assets Di Fon = ve istance fr-~- Ayerara Percentage Groups “rerage cg Number of District- Years DEPENDENT VARIABLES— Vat Averaoce Percentage Interest on Deposits to ‘arning interest and Discounts on "srrowed " "oney ..arning Accate Tatal N Above Below 10 and over. to I. Ted ar y ¢ _— I 36.40 mst to earning assets in the respective districts as standards, and by expressing the yearly deviations of the ratios in percentage form, the distribution shown in the stub (horizontal) classes of Table 144 is secured. With the data treated in this manner, it is found that in 53 district-years the ratios were above, and in 31 dis- trict-years they were below the standard levels. On a percentage basis, the deviations range from 10 or more above to 10 or more below, the form of the distribution approaching the “U” type. If, then, for the district-year deviation groups, the net percentage deviations by sign and amount in the correlated series are deter- mined, the percentages found in the caption (column) classes are secured. Based upon direction of deviation alone, ratios of interest on deposits are positively correlated, and ratios of interest and dis- counts on borrowed money are negatively correlated with ratios of salaries and wages, all expense amounts being expressed in terms of earning assets. These types of relations, moreover, ex- tend to each of the dispersion groups. That is, in general, when- ever and wherever ratios of salaries and wages are high or low, the standard for determining these relations being the respective dis- trict averages, paired ratios of interest on deposits tend to be high or low, respectively, and paired ratios of interest and discounts on borrowed money tend to be low or high, respectively. In addi- tion, the higher or lower the ratios of salaries and wages to earning

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