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 V. General summary and interpretation

Collection:: Economics Books

364 BANKING STANDARDS for banks in each of the twelve districts, classified according to the size of the cities in which they are located, the summaries in Tables 205 to 207, inclusive, have been prepared. Table 205 shows that, relative to the “all district” levels on quarterly call dates from 1923 to 1926, the rates charged by banks tended to be “low” in Districts 1, 2, 3, 4, 5, and 7, and “high” in the others. This is the general condition without re- spect to the size of the cities in which the banks are located. When account is taken of city size, geographical differences are less marked in the large than in the small cities. TABLE 203 NUMBER OF CiTy-AVERAGE RATES ON CustoMERrs’ PAPER REDIS- COUNTED WITH FEDERAL RESERVE BANKS, ABOVE, BELOW, OR EQUIVALENT T0 THE AVERAGE RATES FOR THE RESPEC- TIVE CrTy-GRoOUPS, ON QUARTERLY CALL DATES, 1923 TO 1926, FOR ALL MEMBER BANKS DisTrICTS DIFFERENCES OF AVERAGE RATE IN EACH DistRICT COMPARED WITH THE Crry-GrouP For ALL DISTRICTS Number of Average Rates on Call Dates ota’ Cities: Under 15,000 Cities: 15,000 and under 100.000 Cities: 100.000 ahd over hr Boston........, New York. ... Philadelphia. .. Cleveland. . ... Richmond..... Atlanta. ...... “hicago....... it. Louis. ..... Minneapolis. . Kansas City. . Dallas. ...... San Franciera x , i 4 x 1 4 2 Not only are there district differences in the rates charged by banks on customers’ paper which is rediscounted, but there are differences for banks by size of city of location within each dis- trict, and these differences tend to be of the same type. In general, the rates are highest in the small and lowest in the large cities in each district at each call date. A summary of the types of difference between the rates for banks in cities of different size by districts is contained in Table 206. Eighty-four per cent of the call-date rates—i148 out of 176—were lower in cities with population of 15,000 to 100,000, than were those on the

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