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 235 described respecting the percentage deviations given in Table 136, the difference being that in Table 140 the percentage changes from year to year are taken as the bases of classification. Then, for each classified group, the net year-to-year changes are deter- mined for the associated series. An inspection of the stub (horizontal) classes of Table 140 shows that the direction of change in ratios of total expense was upward in go district-years and downward in 32—six yearly changes being possible between 1919 and 1925 for each of the twelve districts. If the direction of change alone is first consid- ered, it is found that (1) net increases and decreases from year to year in the ratios in the following series are positively corre- lated with increases and decreases, respectively, in ratios of total expense to earning assets: loans and discounts, gross earnings, and net earnings to earning assets; and (2) net year-to-year changes in the ratios of investments to earning assets, and of demand deposits to earning assets, are negatively correlated with similar changes in ratios of total expense to earning assets. Further study of the table shows that while the net changes in ratios of time deposits to total deposits and to earning assets and in ratios of total expense to gross earnings were upward for both rises and declines in ratios of total expense, the rise was greater for districts having increasing than for those having de- creasing ratios of total expense, and that the greater the percent- age change in ratios of total expense, whether increasing or de- creasing, the greater the net percentage rise in each of the asso- ciated series. In general, net percentage amounts of change of the ratios in each of the various series tend to be positively cor- related with percentage amounts of change in ratios of total ex- pense to earning assets, while the directions of change in some of them are positively and in others negatively correlated with the directions of change in total expense ratios. In the latter con- nection, loans and discounts and demand deposits are of interest. It is of interest to observe also, that positive correlation of differences from district averages and of year-to-year changes obtains between ratios of gross earnings and of total expense, and that negative correlation obtains for district differences and changes from year to year between ratios of investments and of total expense.

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