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 V. General summary and interpretation

Collection:: Economics Books

XVIII GENERAL SUMMARY THE foregoing discussion has resulted in a number of con- clusions which have been stated from time to time. In closing, it is appropriate briefly to summarize them in their most general aspects, and to sketch in broad outline the economic, banking, and business conditions in which an explanation may be found. The more important norms, trends, and correlations are as follows. 1. The tendency, among the various series of data, for district ratios at a given time to be similarly placed with respect to their own seven-year averages. If, for a given series, the average amount for each district for the years 1919-1925 is taken as a standard or norm, and if the ratios in the several years are ex- pressed as percentage differences from such average amount, then it tends generally to be true that all of the districts will be on the same side of their own average at the same time. With respect to the various series, districts have their own average levels, and these may and do vary markedly. Yet, relative to such levels, districts tend to be similarly placed at a given time. It is the uniformity among the several districts in this respect which is distinctive. It is obvious, of course, that if items differ, some of them must be above and some below their average. It is not required, however, that the ratios in the twelve districts should tend to be on a given side of their own averages at the same time, and yet this tendency is unmistakably present in most of the series studied. 2. The tendency in each of the series of data, despite the dif- ferences in their average levels, for district and group ratios to change from year to year and over a series of years in the same direction and by similar percentage amounts. This tendency, while not everywhere present and while differing in degree, is nevertheless the rule, as even a casual inspection of the various ratio charts will make evident. What is observed is consistent Cg

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