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 125 and 1924, showing this to be true. That is, years in which the amounts were high or low were substantially the same in all districts. 2. The yearly district amounts were below the yearly levels for the country during the full seven years in Boston, New York, and Philadelphia; they were above these levels during all of the years in Atlanta, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco. In the other three districts (Cleveland, Rich- mond, and Chicago) the amounts were at times above and at times below the yearly levels. That is, in all but three districts the positions of the amounts relative to the country averages were either positive or negative during the seven years. This condi- tion is not surprising for such districts as Atlanta and Dallas, for instance, in which the amounts differ widely from those charac- terizing the country as a unit, but it is interesting in the case of St. Louis. where differences are small. Trends I. For the country as a whole, the trend of “other” expenses in relation to earning assets was upward when the entire period of seven years is considered. It was markedly so between 1919 and 1921, the rate being accelerated between 1920 and 1921. Following 1921, the trend is downward for one year, then essen- tially horizontal—no change—then upward between 1923 and 1924, and then downward at approximately the same rate as be- tween 1921 and 1922. 2. The movement and rate of change for the country as a whole are generally followed in Boston, New York, Philadelphia, Atlanta, St. Louis, Kansas City, and Dallas. They are deviated from in Cleveland, Richmond, Chicago, Minneapolis, and San Francisco, the characteristic rise from 1919 to 1921 and the fall from 1921 to 1925 being uncertain in Cleveland and Richmond, and differently timed in Chicago, Minneapolis, and San Francisco. Yet here, as in the case of the other items of expense, there are similarities among the different districts in the changes from year to year and over the whole term of years. These are the rule rather than the exception; they point to the presence of common problems or common methods of meeting them in the discharge of banking functions by the banks in the different districts.

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