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

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

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

NORMS AND TRENDS IN EXPENSES 8s City, the ratios decreased between 1921 and 1922, and 1922 and 1923. While 1923 was both high and low—high for some and low for other districts—the direction of change was upward in all but two districts between 1923 and 1924. From the level of 1924, which was high as compared with the seven-year level, the direction of change to 1925 was generally downward. That is, as a general rule, two facts are apparent: (1) a given direction of change tends to be common to all districts at the same time, and (2) the nature of the change is related to the level at which the ratios in a given district stand. Table 59 shows the degree of uniformity in the behavior of the district ratios with respect to the first generalization; Table 6o serves a similar purpose for the second. Table 59 shows that out of the 72 direction-changes of the re- spective district ratios from year to year from 1919 to 1925, 39 were upward and 33 were down- ward. But when these changes are differentiated according to the position held by the ratios in the first of each pair of years, relative to the level for the period 1919 to 1925, it is found that of the 39 increases, 30 were associated with ratios holding “low” positions, and of the 33 decreases, 30 are asso- siated with ratios holding “high” positions. That is, if the ratios were high in a given year, they tended to be lower in the following year; conversely, if they were low, they tended to increase. To these general rules there are but 12 exceptions— one-sixth of the total. Moreover, it is interesting to observe that it is apparently easier —the basis of generalization being the frequencies 9 and 3—for expenses which are high to increase, uncommon as this is, than for those which are low to decrease. Too much significance ought not to be attached to this conclusion—the instances are few—yet such a finding agrees with what one would expect. It will be recalled that a similar type of analysis for gross earnings indi- “3 No change.

Access restriction

Copyright

fullscreen: Banking standards under the federal reserve system

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation