2
Sy
x on
Ss >
SERIES CORRELATED WITH DEPOSITS Zbybliothck 3
2 :
amounts. A summary of such measurements is contained I (the NO
stub of Table 115. If, for such classes as there shown, the & * fig)»
deviations of loans and discounts, of gross earnings, of total expense,
and of net earnings—each expressed as ratios of earning
assets—from their respective country levels are calculated, the
detail in the columns are secured. An inspection of the results
obtained by pairing the deviations of demand deposits and those
TABLE 115
CORRELATION OF DEVIATIONS OF RATIOS IN PAIRED SERIES
(Percentage Deviations from the Country's Yearly Averages)
INDEPENDENT VARIABLE—Ratios of
Demand Deposits to Total of Demand
and Time Deposits
Distance from Average
Position
Percentage
Groups
Average
Percentage
Total
Lys a+
Above
oto 30.....
oto20....
[Inder 10
Below
Jnder 10.
10 to 2{,
20 to 20.
Number
of
District-Years
Loans and
Discounts
to
Earning
Assets
DEPENDENT VARIABLES—Net
Average Percentage
Gross
Earnings
to
Earning
Assets
Total
Expense
to
Earning
Assets
Net
Earnings
to
Earning
Assets
-
Zz
£m
%
4
Total _
of each of the other series shows that (1) gross earnings and
total expense are high for districts having either high or low
amounts of demand deposits, the net amounts, however, in both
cases, being higher when demand deposits are high than when
they are low; and (2) net earnings are generally high when demand
deposits in relation to total deposits are high, and low
when they are low. Conditions similar to those enumerated under
(1) and (2) are found when the net positions for the respective
series are determined for variable demand deposits expressed in
units of earning assets, and when the paired deviations are differences
of the ratios from their respective country averages. The
results are the same not only for the general, but also for the
detailed classification, “same” meaning directions rather than
percentage amounts of deviation.
It is difficult briefly to summarize these varied relations, and
