Banking standards under the federal reserve system

Bibliographic data

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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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Part II. Norms and trends in individual series for all Member Banks, by districts

Collection:: Economics Books

*4 BANKING STANDARDS TABLE 351 PERCENTAGE DIFFERENCE FROM DISTRICT AVERAGE, 1019-1925, OF RATIOS OF GROSS EARNINGS TO EARNING ASSETS FOR ALL MEM- BER BANKS, BY YEARS AND FEDERAL RESERVE DISTRICTS FEDERAL RESERVE DISTRICTS d0stown..... oe New York...... .... Philadelphia.... -.... Cleveland. ........... Richmond............ Atlanta. ....cc000-0i0 Chicago. ...ooeeene. on St.Louis. ...ooo0en.s Minneapolis. ..... Kansas City.... Dallas. ....... San Francisco..... PERCENTAGE DIFFERENCE FROM DISTRICT AVERAGE, 1910-1925 raz 1923 | 1024 1925 eI - ,.02 -~XI.55 ~10.1] yc not Lf «3 + .4 -2.7 - + 6.4 t17.5 + 5.0 + 2.4 + ” 3 + <a = .49 —6.80 + .08 +2.58 +1.57 -3.13 4.7% a; 9.C X.73 -4.55 4+ .43 LL equal, to be attracted to regions where rates are high and to be deflected from those where rates are low. In spite of this fact, however, district differences in the ratios of gross earnings to earning assets, as will be seen later, tend to persist over a series of years. Yet the years in which rates are relatively high or low in one district tend also to be high or low in others. From Table 50 it was seen that for all districts combined, the rates were higher in 1920 than in 1919, and in 1921 than in 1920. [n 1921, a recession began, lasting through 1925, except for a slight revival in 1924. Accordingly, it is well to observe the nature and amounts by which the ratios in the different districts changed from year to year in order to determine the similarities, if any, which obtain. A summary of such changes, expressed on a percentage basis, is given in Table 52. How nearly are the directions of change, true for the country as a whole, duplicated in the respective districts? This table shows that in all of the districts, except Minneapolis, the rates were higher in 1920 than in 1919, and in all except Richmond, higher in 1921 than 1920. Contrariwise, all of the districts ex- cept three (Philadelphia, Cleveland, and Richmond) followed the downward trend experienced by the combined districts between 1921 and 1922. A decrease—by unequal percentages—between 1922 and 1923 occurred in every district. Complete uniformity in the direction of change does not obtain among the various dis- tricts between 1923 and 1924 and between 1924 and 19235, al- though between the latter years, in all but three of the districts,

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