Banking standards under the federal reserve system

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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 V. General summary and interpretation

Collection:: Economics Books

360 BANKING STANDARDS The nature of the changes from year to year in the proportions of Government securities to total bonds and securities, held by National banks in “Other Reserve Cities,” is common the coun- try over, as is indicative by the frequencies in Table 202. General as is the uniformity Tamiz woe with which the proportions of nah O "Oenm Romy Cums on Government securities to total THE PROPORTIONS oF Unitep States Se- bonds and securities held by Ties Tain og Nan BoNDs AND SECURI- national banks increase or de- WITH OR AGAINST THE TREND FOR THE Crease from year to year, as Torar. vor Suc Crops indicated in Table 201, it is hardly less marked than that for other types of securities as summarized in Table 203. In- deed, decreases or increases in the former, in different parts of the country, are respectively met by increases or decreases in the latter. This again shows a generality of response, among groups of banks differently situated, diverse as are the types of industry which they serve. It is indicative of the fact that the market for securities is nationwide, and that banks trad- ing in that market, despite their wide geographical distribution, generally favor a given type of security at the same time. Similar as are the shifts from year to year in the proportions of earning assets represented by investments and in the propor- tions of total bonds and securities represented by different types of securities, in all member and in national banks in different parts of the country, the return on such investments, plus the interest and discount on loans and the “other income,” leaves the banks in the different districts with different rates of gross earnings to earning assets. These differentials, persisting from year to year, are shown in Table 50 (page 72). Different as are the average levels by districts, however, the ratios from year to year tend to move in the same direction, to be above or below their own seven- year levels at the same time, and to regress to type, the tendency being for those which are high in a given year to fall, and for those which are low to rise in the following year.

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