Ferdinand Lassalle

Banking standards under the federal reserve system

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Monograph

Identifikator:: 890175551

URN:: urn:nbn:de:zbw-retromon-11398

Document type:: Monograph

Author:: Großmann, Stefan http://d-nb.info/gnd/118542664

Title:: Ferdinand Lassalle

Place of publication:: Berlin

Publisher:: Verlag Ullstein & Co

Year of publication:: 1919

Scope:: 1 Online-Ressource (260 Seiten)

Digitisation:: 2017

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Der Knabe - Jüngling Lasalle

Collection:: Economics Books

26 BANKING STANDARDS TABLE 150 NATURE OF CORRELATION IN PERCENTAGE DEVIATIONS AND YEAR-TO- YEAR CHANGES IN DIFFERENT SERIES PAIRED SERIES CORRELATED Independent Variables Dependent Variables Loans and Discounts to Earning! Assets................... Total Expense to Earning Assets| Total Expense to Earnins P30 0 Loans and Discounts to Earn ing Assets... ... .. .. Total Deposits to Earning Assets................... Total Expense to Earning Assets Total Expense to Earning ASSES. ... oe vunigs engi] Total Deposits to Earning Assets. NATURE OF CORRELATION Differ- | Changes | ences from from Year District , to Averages Year Differ- ences from Country’s Yearly Averages Positive Positive Positive Positive Negative | Negative® Neezative*! Positive® Positive* Positive* *Low. propriately measured. In general, therefore, relatively large loans and discounts seemingly operate to produce relatively large gross earnings, while relatively large total deposits operate to re- duce them. Accordingly, gross earnings are functions of at least two conflicting variables. If no account is taken of conditions other than variable ratios of loans and discounts and of total deposits, then the amount of average gross earnings for the member banks in a given year and district depends upon the relative influence of each of these fac- tors. It is of little avail to attempt to measure, other than in general terms, their respective causal effects. Indeed, it is prob- able that they are related, both being effects of causes latent in the state of business at given times and places. Accordingly, we shall not attempt a separate appraisal of the causal influences of either of them upon ratios of gross earnings.® If other things, as respects total expense, are held to be con- stant, then relatively large ratios of loans and discounts to earn- ing assets and relatively small ratios of total deposits to earning assets should be associated with relatively large net earnings. Whether operating expenses do remain constant with variable conditions respecting loans and discounts and deposit items, there- fore, is pertinent to the subject matter of this chapter. The rela- tions discovered, and developed at length in previous chapters, are summarized in Table 150. "2 See. however, Table 107, page 177, and the accompanying discussion.

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