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 III. Correlated series for all Member Banks by districts

Collection:: Economics Books

SERIES CORRELATED WITH EXPENSES 233 understood, Table 139 is presented, showing the distribution of the district-year frequencies for two of the series paired with total expense. The table also contains the positions of the ratios in 1925 in all districts, and of those for all years in the Boston istrict. The relation between ratios of total expense and ratios of in- vestments is generally inverse; that between ratios of total expense and ratios of gross earnings is direct. While not all of the frequencies for series showing inverse and direct correlation are distributed as are those in Table 139, conformations are generally of these types, net earnings heing one series, paired with total expense, about which the nature of the association is clearly in doubt. But an analysis of the relations of different types of banking data to variable total expense need not be restricted to correlat- ing district deviations. It may be pushed further with the intent of discovering and measuring the type and extent of the associa- tion between year-to-year changes in the ratios of a number of series paired with ratios of total expense. Specifically, it is de- sired to know whether, with increasing or with decreasing ratios of total expense, net changes of a like or of an inverse nature occur in those of other banking series. Such an inquiry is under- taken not for the purpose of establishing cause-and-effect relations between such series, but only with the intent of measuring the type and degree of the association, if any, which is present. Ratios of total expense are again treated as the independent variable. In earlier chapters, where this process was carried out with total expense as the dependent variable, it was found that by directions and by percentage amounts of change ratios of total expense were positively or negatively associated with variable changes in a number of other series. In the case now being studied, the process, as noted, is the reverse, interest being cen- tered in the directions and net percentage amounts of change in different series accompanying variable changes in direction and amount in ratios of total expense. Table 140 shows the net year-to-year changes in the ratios in a number of series paired with changes of a like nature in ratios of total expense. The classification of the changes in the ratios of total expense is secured by a method analogous to that already

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