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 V. General summary and interpretation

Collection:: Economics Books

INTERPRETATION 369 this would extend the discussion far beyond the limits of tolerance —boundaries already far extended. What would be said, if such a task were undertaken, would of necessity be partly in repetition of material already presented. Accordingly, we shall rest the case at this point except for a final paragraph. The discussion of the interrelation of business the country over during the period 1919-1925, and of the manner in which the resources and check transactions of banks fluctuate with its changes from year to year, serves to indicate briefly the condi- tions in which an explanation of the phenomena, summarized in the first pages of Part V, may be found. The market for loans and for deposits for the thousands of member banks which, in part, go to make up our banking system, consists of overlapping territories. These are connected industrially by the purchase, sale, and transfer of goods and services, and are financially bound together by money and credit transactions. While the parts of this market are linked together in the manner indicated, each is more or less specialized with respect both to its industrial develop- ment and its financial needs. Each district has its own levels of banking requirements, and these are registered in geographical differentials tending to persist from year to year. Different as are these levels in respect to ratios of loans and discounts and of gross earnings to earning assets and to interest rates on cus- tomers’ paper, for instance, changes originating in local or in national causes tend to be felt in all parts of the banking market and give rise in banking series to similar yearly trends and com- mon correlations, raising them above or lowering them below their own levels at the same time. It is the discovery and measurement of these and other patterns indicative of a banking system with which this study has been concerned, and which in some respects, at least, the observations in this chapter help to explain,

Access restriction

Copyright

fullscreen: Banking standards under the federal reserve system

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation