Geld-, Bank- und Börsenwesen

Banking standards under the federal reserve system

Bibliographic data

Monograph

Identifikator:: 1012149900

URN:: urn:nbn:de:zbw-retromon-24397

Document type:: Monograph

Author:: Obst, Georg http://d-nb.info/gnd/11759296X

Title:: Geld-, Bank- und Börsenwesen

Edition:: 30., völlig veränd. Neuauflage

Place of publication:: Stuttgart

Publisher:: C.E. Poeschel Verlag

Year of publication:: 1937

Scope:: 1 Online-Ressource (XVI, 566 Seiten)

Digitisation:: 2018

Collection:: Business and Management Classics

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Zweiter Teil. Banken und Bankgeschäfte

Collection:: Business and Management Classics

GROSS EARNINGS IN DISTRICT I 279 between gross earnings ratios and those of total expense and of net earnings, is to select for the respective series suitable aver- ages with which the ratios in the correlated series may be com- pared. Those chosen are the yearly averages of the banks in the various volume (earning assets) groups. Having selected standards of reference for the series to be correlated, as for instance gross earnings and total expense, the process of manipulating the data is as follows: (1) For each volume group, determine the percentage amounts and directions by which the ratios in the correlated series for each of the banks in 1924 deviate from the 1924 group average. (2) Select classes of uniform widths into which are placed the paired variables (deviations) for each bank, the resulting distribution being of the double-frequency type. (3) Repeat this process for each of the volume (earning assets) groups and combine the fre- quencies, thus securing a distribution for all banks in the year 1924. (4) Repeat processes (1) to (3) for the year 1925. (5) Combine the distributions for the two years. The frequencies in Table 159 show the results of carrying out these steps for paired ratios of gross earnings and of total expense to earning assets, and supply the bases for the sum- maries at the right and at the bottom of the table. These are obtained as follows: (1) total the number of instances in the respective lines and columns; (2) add and then average the amounts in each line so as to get the average percentage disper- sion for the factor in the stub, used as the independent variable; (3) algebraically add and then average the amounts in each line so as to get the net average percentage deviation for the factor in the caption treated as the dependent variable, and (4) reverse processes (2) and (3) so as to get the average percentage dispersion of the factor in the caption when used as the independ- ent variable, and the net average percentage dispersion for the factor in the stub when treated as the dependent variable. The results of steps (2) and (3) supply measures of regression of total expense on gross earnings; those of step (4) measures of regres- sion of gross earnings on total expense. Similar analysis was made of the relations between ratios of gross and of net earnings, the results of carrying through the processes for the two paired series being summarized in Table 160.

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