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 301 ratios of total expense to earning assets for banks each year deviate from the group average for the combined years 1923 to 1925, inclusive. According to this table, the bank ratios were generally low in 1923 and high in each of the other years. To this general rule for the combined groups, there are exceptions in each of the separate groups for one or more years, but in no year is the situation of the random type, nor is there serious disagreement, as between the two methods of classifying the banks, respecting the conditions which obtain. In general, and on the average, what is true for one group of banks is also true for other groups. The percentage amounts by which the yearly averages differ from the three-year averages for the respec- tive groups obviously vary widely. While this is to be expected because of the variations in the averages themselves, the varia- tions, as will be seen later, are not haphazard. They conform to a pattern observed, first, for district ratios for all member banks for the country as a whole, and second. for the indi- vidual banks in the Boston district. From the average yearly levels of the banks in each group, changes occurred between 1923 and 1924, and between 1924 and 1925. So far as direction is concerned, were they of a similar type? Consistency in this respect has already been observed for district ratios for the country as a whole, and for the individual member banks in the Boston district. Do similar conditions obtain in the New York district for the years in question? From Table 176 it is seen that the directions of change, according to the two bases of classifying the banks, were upward between 1923 and 1924, and downward between 1924 and 1925 for all groups except two in each of the respective yearly comparisons. Moreover, as is shown by comparing Tables 165 and 176, the ratios were prevailingly higher in 1924 than in 1923 in the respective groups of banks, as classified, both in the Boston and in the New York districts. But directions, as well as percentage amounts of change in ratios of total expense to earning assets, are found to be func- tions of the positions of the ratios relative to their own average levels. This is true for district ratios for the country as a whole and also for group ratios for banks in the Boston district. Is it true for the sample banks in the Second district? The answer to this question, so far as direction is concerned. is found in

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