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

Collection:: Economics Books

GROSS EARNINGS IN DISTRICT I 273 occupied in 1924? There are various ways of securing answers to these questions, and because of the importance of the problem each of them is set out in detail. Let us (1) take as standards of reference the average of the ratios for the 410 banks in each of the years 1924 and 1925; (2) compute the percentage amount and direction by which the ratio for each bank each year deviates from the yearly average for all banks; (3) determine suitable groups for the deviations above and below the averages for the respective years; (4) by signs and by percentage amounts, distribute the deviations each year for the several banks into the groups provided for in (3) above; (5) for each percentage group, determine for the first year the arithmetic mean deviation, and for the second year the arithmetic mean net deviation, the latter amount being secured by adding the amounts of the deviations algebraically and by dividing by the number of devia- tions; and (6) for each of the groups and for those above and below the averages for the respective years, compare the amounts as secured in (4). Then the differences will represent the amounts of regression to type as measured by differences in mean disper- sion—minus (=) amounts for ratios above the average, and plus (+) amounts for those below the average in the first year indicating regression toward the average in the second year. That is, measures of change, in terms of dispersion, are secured for ratios which are differently placed, plus and minus, relative to the average levels for all banks in each of the years. When this process is carried through it is found, as shown in Table 157, that the net result for ratios which were high in 1924 (relative to the average in that year) is a decrease, and for those which were low in 1924 (relative to the average in that year) it is an increase, the changes being determined by the differences in the amounts of dispersion in the first and in the second years with respect to the averages in these years. Ratios which are high or low in the first year tend to be high or low in the second year, but the net dispersion is less the second year. That is, regression to type varies inversely with the signs but directly with the percentage amounts of dispersion. It is apparent, therefore, that the unmistakable tendency for

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