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 III. Correlated series for all Member Banks by districts

Collection:: Economics Books

SERIES CORRELATED WITH EXPENSES 237 A frequency grouping of the percentage year-to-year changes in the correlated series will serve to illustrate the detail from which certain of the net amounts in Table 140 are secured. The nlain figures in Table 141 relate to the frequencies for all of the changes for all of the districts; the bold type figures refer to the respective districts, as named in the Federal Reserve Act, for the changes between 1924 and 1925; and the letters indicate the different pairs of years in the Boston district. It will be observed that the alignments of the changes in the single pair of years in all districts, and in all year-to-year changes in one district, follow generally that for the combined experience in all districts. The discussion immediately above relates to the types and measures of correlation obtaining between deviations and net year-to-year changes in district ratios of total expense to earning assets and similar ratios in other series of bank data. Another basis upon which correlations between such series may be deter- mined is available. It has already been determined that while ratios of expense and of other indexes of bank operation vary among the respective Federal Reserve districts, a single ratio each year for each series being compounded out of the records for the entire membership in each district, these variations for individual series, rather than being haphazard, are characterized by clearly defined norms, and that those for certain paired series are cor- related positively or negatively. The nature of this association, with ratios of total expense treated as the dependent and each of a number of other series as the independent variable, has al- ready been determined. In the matter which immediately fol- lows, variations by districts being taken from the averages for the country as a whole, the order of the correlated variables is reversed. Specifically, and with respect to ratios of gross earn- ings, for instance, the questions to be answered are of the follow- ing order: Do districts having ratios of expense above (or below) the country levels have ratios of gross earnings above (or below) the country level, or vice versa? Moreover, what is the nature of the relations between the percentage amounts of such deviations? Similar questions may be asked respecting each of the other series of ratios. It has already been learned that districts having high or low gross earnings ratios, respectively, have high or low ratios of total

Access restriction

Copyright

fullscreen: Banking standards under the federal reserve system

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation