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 277 respect to a similar phenomenon for the district ratios for the country as a whole for the years 1919-1925, and consider together the cumulative evidence bearing on this point. In Chapter V it was shown, first, that there was substantial uniformity in the directions of change from year to year in the district ratios of gross earnings to earning assets.? Similar con- sistency between 1924 and 1925 is now found for member banks in the Boston district classified by city-size and volume (earning assets) groups.® Second, that district ratios which are high or low in a given year tend to decrease or to increase, respectively, in the following year.* It is now found that the same phenomenon occurs between 1924 and 1925 for the separate member banks in the Boston district.® Third, that the net rates of increase or of decrease from year to year for district ratios vary directly with the percentage amounts of dispersion from type—type being the seven-year averages for the respective districts.® Simi- lar tendencies are now discovered for the Boston member banks, regression being measured with respect to averages of three types, and irrespective of averages at all as standards of reference.” These various kinds of corroboratory evidence lend support to the contention, already made,® that the phenomena observed are expressive of the results of the operation of forces deter- mining rates of interest and of “other income”—the components of a bank’s or of banks’ gross earnings. It is unnecessary to repeat what has already been said on this point. With the wording altered so as to apply to individual banks rather than to groups of banks taken as one institution, it will serve to describe what is going on within the Boston—indeed, in any— district. It is believed that these forces are constantly operating and that their results are measurable and repetitive. 3. SERIES CORRELATED WITH RATIOS OF GROSS EARNINGS TO EARNING ASSETS District ratios of gross earnings have been found to be func- ions of operating conditions. Do similar relations for the indi- 2 See Table 52. 8 See Table 54. $See Table 155. 7 See Tables 157, 158. ¢ See Table 53. ® See pages 75-77. See Tables 157, 158.

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