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

EXPENSES IN DISTRICTS I AND II 293 pair of years the arithmetic mean ratios for all of the banks in the district. (2) Determine the percentage amount and direc- tion by which the ratio for each bank each year deviates from the yearly average for all banks for that year. (3) Select suitable groups for the deviations above and below the averages in the first and in the second of each pair of years. (4) Distribute the deviations for the several banks by signs and percentage amounts into the groups provided for in (3) above. (5) For each per- centage group, determine for the first year the arithmetic mean deviation, and for the second year the arithmetic mean net devia- tion. To secure the net deviation in the second year, add the amounts of the deviations algebraically and divide by the num- ber of deviations. (6) For each of the groups and for the totals above and below the averages for the respective years, compare the amounts of deviation as secured in (5). The differences between them represent the amounts of regression to type as measured by differences in mean dispersion—minus changes for ratios larger than the average, and plus changes for those smaller than the averages indicating regression toward the average. By carrying through the steps in the process just indicated, :hree sets of results are obtained for the pairs of years between 1922 and 1925. These may then be combined and averaged to secure regression measures for the entire experience. The dif- ferences for the three pairs of years, separately and combined, provided for in (6) above, are indicated in Table 168. What is the meaning of the details in this table? It will be observed, first, that for ratios larger than the average in the first year of each pair of years (See the stub class marked “Above”) the signs in the columns headed “Second year less than first year,” are invariably negative, thus indicating that ratios of the banks involved deviated less in the second year from the average in that year than did the ratios of the same banks in the first year deviate from the average for that year. Second, that for ratios smaller than the average in the first year of each pair of years, (See the stub class marked “Below”), the signs in the columns headed “Second year less than first year” are invariably positive, thus indicating that ratios of the banks involved devi- ated less in the second year from the average in that year than

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