Banking standards under the federal reserve system

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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

142 BANKING STANDARDS the direction taken by net earnings measured first in terms of earning assets, and second, in terms of gross earnings. If no account is taken of the agreement or disagreement by districts, the results given in Table go are secured; if directions from year to year, as indicated by both measures, are paired by dis- tricts, those in Table 91 are obtained. The latter table is the more significant in measuring uniformities of direction-trend. The two measures of net earn- ings indicate uniformities in direction of year-to-year dis- trict changes in 74% of the possible cases. On the whole, therefore, upward or downward year-to-year trends of net earn- ings measured in terms of earn- ing assets agree with those of net earnings measured in terms of gross earnings. While each district has its = own seven-year net earnings level—the ratios increasing or decreasing from year to year—it also has a yearly level relative to that for the country as a whole. For instance, the ratios of net to gross earnings for St. Louis in 1919 and 1920 were 31.80 and 32.10, respectively. Relative to its own seven-year level, these ratios were high (that is, they were higher than 29.40), the direction of change between 1919 and 1920 was upward, but the ratios for both years were below the levels for the country as a unit. If the various district ratios are compared with those for all districts combined, it is found that net earnings measured in terms of gross earnings are high in New York and Philadelphia, and low in Chicago, St. Louis, Minneapolis, and Kansas City during the entire seven years. In the other districts they are at times below and at times above this level. Are these districts high, low, or mixed, as determined by the same standard of comparison, when net earnings are measured in terms of earning assets? Table 92 gives, by districts, the number of years during 1919 to 1925 when net earnings were high or low measured in both units. It does not, however, pair the respective districts as is done in Table 93. The former

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