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 IV. Norms, trends, and correlations of series in the Boston and in the New York districts by Member Banks

Collection:: Economics Books

MEMBER BANKS IN DISTRICTS I AND II 267 by the first six months plus the second six months of the calendar year.”’3 4. Net Earnings. This item is the difference between the yross earnings and total expense, as defined above. For the New York member banks. the items are defined as follows: 1. Earning Assets (Loans and Investments). This item is the “average for the year of the total of items 1 to 4 on the resources side of the condition statements of the member banks, which are submitted on ‘call’ dates, usually four times each year. The items included are loans and discounts, overdrafts, United States Government securities owned, and other bonds, stocks, securities, etc., owned. The ‘call’ dates . . . . were as follows: 1923—April 3, June 30, September 14, December 31 1924—March 31, June 30, October 10, December 31 t925—April 6, June 30. September 28, December 31.”¢ 2. Total Expense. This is “the aggregate of the items listed ander ‘Expenses’ in Section 1 of the Report of Earnings, Expenses and Dividends, which is submitted by the member banks twice each year. Each report covers a six months’ period— the first ends June 30 and the second December 31.” The items are as follows: salaries and wages, interest and discounts on borrowed money, interest on bank deposits, interest on demand deposits, interest on time deposits, taxes, and other expenses. The sources of the data for the Boston and for the New York district banks being the reports made to the Comptroller of the Currency, the data themselves are basically the same. Only as respects the number of calls which are averaged does the method of computing the yearly earning assets differ as between the Boston and the New York reports. Moreover, the reports to the Comptroller are the sources of the data used in Parts II and III, and taken from the Federal Reserve Bulletin. Accordingly, the data used throughout this study are substantially homogeneous respecting definition of terms and groupings of items. "3 Ibid. # Extract from a letter from W. Randolph Burgess, Assistant Federal Reserve Agent, Federal Reserve Bank of New York. fF D1

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