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

268 BANKING STANDARDS It will be recalled that the district ratios in Parts II and III were secured by dividing one statistical aggregate by another and multiplying by 100. That is, for instance, the average ratio of gross earnings to earning assets for a district and for all districts was obtained by dividing the total gross earnings by the total earning assets and multiplying by 100. In the case of the ratios for the individual banks, this process was carried out for each bank, the resulting ratios only being made available. Accordingly, in order to secure.averages for all banks and for groups of banks, it was necessary to add and average the ratios themselves. By this process each bank ratio is given the same weight, the size of the bank, with respect to the factors deter- mining the ratios, being ignored. Marked as are the uniformities, tendencies, and correlations for member banks by districts and years, as shown in the pre- ceding pages, it is not self-evident that similar conditions char- acterize the interrelations of individual banks. Data which could be analyzed to determine these and other facts for member banks in the First and Second districts were fortunately available. By using methods of analysis similar to or identical with those already found to be useful in isolating and measuring these “master facts behind the unit facts,” the operating history, in the matter of gross and net earnings, in one, and of total expense in both districts, has been traced out in detail. The questions, among others, to which answers were sought are the following: Do member banks in their interrelations truly constitute a sys- tem, and if so what are its characteristics? Do the norms, trends, and correlations which characterize the banking structure for member banks by districts also characterize the individual banks within districts? The following analysis makes use of techniques suited to answer these and other questions. Aggregates, averages, and so on, are obviously required, inasmuch as it is from them only that generalizations are possible. In the matter now to be dis- cussed, they refer not to all member banks by districts but to individual banks by groups within districts. Moreover, inas- much as the sizes of the cities in which the banks are located, as well as their average earning assets and identity by number are given, it is possible to classify the data fully and to observe not only the norms, trends, and correlations for the group as

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