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

EXPENSES IN DISTRICTS I AND II 201 must be given to these questions. The details in Table 165 show that if ratios for banks in one group increase from year to year, so likewise do those in all groups. To this general rule there are some exceptions, but these are insufficient to invalidate the rule. If, for the various groups of banks, account is taken both of the position of the expense ratios in the first of each pair of years, relative to the group level, and of the direction of change from year to year, it is found, as shown in Table 166, that group ratios which are high in a given year decrease, and those which are low in a given year increase in the following year—*“high” and “low,” respectively, meaning positions above or below the four-year average group ratio for the period 1922-1925. This condition, while generally true, most clearly obtains for the grouping by size of city of location, despite the fact that, in gen- eral, as shown by Table 165, the trend in the group ratios from vear to year 1s upward. TABLE 166 CoMPARATIVE POSITIONS AND YEAR-TO-YEAR DIRECTIONS OF CHANGE IN GrouP RATIOS OF ToTAL EXPENSE TO EARNING Assets, MEMBER BANKS, BosToN FEDERAL RESERVE DISTRICT, 1922-1025 Positions Relative to City-Group Averages 1022-102°%¢ ~~ -*isp of Change [rc:* par t » yaar Positions Relative ‘0 Volume-Group Averages, 1022-102¢ Direction of Change from year to vear Te. 'One group = in position. {One group = in direction. One group == in hoth direction and position. This tendency for ratios of groups of banks in the Boston district to regress to type is analogous to that already found for member banks by districts for the country as a whole, as shown in Table 59, (page 85). But the similarity of tendency, as be- tween the two bodies of data, is not restricted to directions of change with respect to positions held. Not only do the group ratios by directions of change regress to type, but the net per- centage amounts of change vary directly with the percentage amounts of deviation from type. This fact, most pronounced

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