Banking standards under the federal reserve system

Bibliographic data

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 III. Correlated series for all Member Banks by districts

Collection:: Economics Books

BANKING STANDARDS loans and discounts? If time deposits are high relative to appropriate average levels, are operating expenses high or low? In general, what are the types and amounts of correlation between related series of banking data, and can these be expressed in terms of norms and tendencies? Answers to this general ques- tion, as well as to questions relating to particular series, are supplied in the following chapters of Part III. Before discussing these relations, however, it is necessary to explain the methods by which they are determined. At various places in the discussion under Part III, charts such as Chart 38 are introduced. Each of them, drawn on a ratio? basis, has the following characteristics: (1) the vertical posi- tions of the respective districts on the charts are without significance; (2) for the districts separately and combined, the seven-year average ratios, to which each of the lines refer, are equated to a common base and indicated by horizontal solid lines; (3) in each district the distances of the two types of lines above or below the solid horizontal line indicate the percentage amounts of dispersion of the amounts for such lines from the seven-year average; (4) the slopes of the lines indicate from year to year, and over the whole period, the rates of change of the ratios to which they apply. So much for the graphic form used to illustrate the similarity of the differences of the ratios from their respective averages year by year, and of the nature and rates of change of the ratios for two related series from year to year. The tabular form of analysis is somewhat different. As has already been indicated, three types of comparisons are used in detecting and in measuring the relations between different series. The first has to do with the paired deviations of the dis- trict ratios in two series from their respective seven-year average levels; the second, with paired rates of change from year to year; and the third, with paired deviations of yearly district averages from yearly averages for the country as a whole. Table 96, while applying to the first type of comparison, will serve to illustrate the others. Its preparation involves the fol- lowing steps: (1) selecting series which seemed to be or might be related; (2) calculating, for each district, the percentage 1 Gee discussion, page 21. [54

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