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

NORMS AND TRENDS IN EXPENSES 87 and wages, interest on deposits and on borrowed money, and so forth, being to equalize them. A normal tends to obtain in each district. While these year-to-year changes are taking place in each district—the direction varying inversely with the nature, and the net amounts of change varying directly with the amounts of dis- persion—they occur at different levels when the yearly averages for the country as a whole are taken as a basis of comparison. That is, specifically, each district has its own level relative to the average for the twelve districts. How true this is, is apparent in tabular form in Table 61, and is graphically illustrated in Chart 18. TABLE 61 PERCENTAGE DIFFERENCES OF DISTRICT AVERAGES OF RATIOS OF Total EXPENSE To EARNING ASSETS FOR ALL MEMBER BANKS, FEDERAL RESERVE SYSTEM, FROM AVERAGES FOR THE COUNTRY AS A WHOLE FEDERAL RESERVE DISTRICTS Boston. ..... New York. .. Philadelphia.. Cleveland. ... Richmond... Atlanta...... Chicago. .... St. Louis. ... ‘Ainneapolis. . Kansas City.. Dallas....... San Francisco Average 1010-25) 4 50 -2 ~ 4 +31. +11.58 PrecENTAGE DIFFFRENCES FROM THE COUNTRV'E AVERANFTS rQI0 T0020 3 04 Qs rn 15 or » 33 ~_ 02 A7 Ey. 11 bd IO. ea. 2 03 enn 10928 = .70 —~¥7, 50 — 1.318 “-6 J . 10.64 _ Taking as a basis of comparison the average ratios for all dis- tricts combined for the period 1919 to 1925, Table 61 shows that (1) Boston, New York, Philadelphia, and Richmond have lower expenses, and all of the other districts higher expenses than the country as a whole; and (2) the districts which are low, relative to the level for the country as a whole for the seven years, tend generally to be low, and those which are high tend generally to be high, for each of the separate years. For Boston, New York, and Philadelphia, which are low, and for Atlanta, St. Louis, Minne- apolis, Kansas City, Dallas, and San Francisco, which are high, there are no exceptions. Of course, it is apparent that some of "4 Cleveland’s ratio agrees with that for the twelve districts combined

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