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 III. Correlated series for all Member Banks by districts

Collection:: Economics Books

SERIES CORRELATED WITH GROSS EARNINGS 221 correlation is higher for ratios of total expense than for those of net earnings; and (3) the type of correlation characterizing the changes in all districts and all years obtains for the Boston dis- trict for the years 1919 to 1925, and for all districts for the changes between 1924 and 1925. That is, in general, the relations obtaining for all districts obtain for the Boston district, and those which hold for all yearly changes characterize those between 1924 and 1925. Space is not available in which to insert, for all series correlated with gross earnings, tables similar to Table 134. The net figures given in Table 133 reflect the prevailing relations. Moreover, as is apparent from Charts 46 and 47, relating, re- spectively, to (1) ratios of gross earnings and of total expense and (2) ratios of gross earnings and of net earnings, all ratios being expressed in terms of earning assets, the positive correla- tion of both series with gross earnings, found for the twelve dis- tricts combined and for the Boston district alone, holds also for the other districts. These charts are drawn according to the method described on page 154, and should be interpreted in keep- ing with what is there said. They illustrate, more graphically than do words, the close relationship obtaining between the re- spective pairs of ratios. There is another basis according to which various banking ratios may be correlated with those of gross earnings. If the average yearly amounts for the combined districts are taken as a base and if those for the respective districts are expressed as percentage deviations, plus and minus, the distribution shown in the stub (horizontal) classes of Table 135 is secured. The net percentage deviations in different series, for the districts having the classified types and amounts of dispersion with respect to gross earnings, are given in the caption classes of the same table. This arrangement indicates the manner in which different series are related to variable gross earnings. It is obvious that if the ratios of gross earnings in a given dis- trict are persistently above or below the country level, which is frequently the case,? the position of that district in the dispersion classification, provided for in the stub of Table 135, will tend to remain fixed. There is less occasion for such a condition to obtain when the dispersion-classes apply to deviations from district levels ?See Table 53, page 77, and the discussion in Chapter V.

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