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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Document type:: Monograph

Structure type:: Chapter

Title:: Part III. Correlated series for all Member Banks by districts

Collection:: Economics Books

SERIES CORRELATED WITH EXPENSES 245 limited space, to reverse the process of measuring the association by making ratios of interest on deposits the independent, and ratios in other series the dependent variables. The order of asso- ciation is the same in both types of comparison; it is only the degree which differs. Accordingly, as is the case immediately above with respect to ratios of salaries and wages in terms of earning assets, correlations are restricted to the individual ex- pense items alone. Moreover, it is only the district deviations which are correlated, ratios of interest on deposits being used as the independent variable. Table 145 shows the type and nature of the association between ratios of salaries and wages and of interest and discounts on borrowed money and variable ratios of interest paid on deposits, the amounts in all cases being related to earning assets. It is apparent, from the showing in this table, that both by direction and by net percentage amounts of deviation, salaries and wages are positively correlated with interest payments. Moreover, as noted above, interest payments are positively correlated with salaries and wages. That is, in general, whenever and wherever high or low ratios of interest on deposits (or ratios of salaries and wages) are found, high or low ratios of salaries and wages (or ratios of interest on deposits) are encountered. This state- TABLE 145 CORRELATION OF DISTRICT DEVIATIONS OF RATIOS IN PAIRED SERIES (Percentage Deviations from the Respective District Averages, Period 1919-1925) Pacsition INDEPENDENT VARIABLE— Ratios of Interest on Deposits to Earning Assets Distance fr~m Average Percentage Groups Average Dercentage Number of District- Years DEPENDENT VARIABLES— "Tet Average Percentage — — Salaries and Vages to "arning Aceete Interest and Discounts on Borrowed Money to Earning Assets ThAt Abhave rand o tr ‘to. Td k 1 Jelow cm BVM LL eYTAR ‘'atal 40 3 '3 +54.49

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