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 II. Norms and trends in individual series for all Member Banks, by districts

Collection:: Economics Books

36 BANKING STANDARDS in 1923 and Cleveland in 1925) were high in 1922, 1923, 1924, and 19235, as compared with the preceding years. That is, in the upward swing from year to year, beginning in 1922, all districts fexcept New York, which began its year-to-year increase in r921 and showed a slight decrease in 1923; Philadelphia, which increased from year to year throughout the whole period; and Cleveland, which showed a decline in 1925 compared with 1924) participated. The rates are uneven, but consistency of direction is almost universal. This phenomenon, apparent from Table 21, probably finds its explanation in the fact that relatively larger and larger proportions of earning assets are represented in invest- ments and smaller and smaller proportions in loans and discounts, thus restricting relatively the form of assets normally giving rise to deposits.? But the character of total deposits likewise changed TABLE 21 TABLE 22 NuMBER OF Districts wirHE Ratios oF COMPARATIVE POSITIONS AND YEAR-TO- Totar DErosiTs To EARNING As- YEAR DirectioNs oF CHANGE IN Dis- SETS INCREASING OR DECREASING TRICT RATIOS OF ToTAL DEPOSITS FROM YEAR TO YEAR, 1910-1925 TO EARNING ASSETS NTe—-—r~ - = DISTPICTS Direction of Change CC — from Year to Year 1acreasing ' Total 30 42 72 Laws during these years, which fact supplies the basis for the isolation of norms and trends relating to the components. The correlation of the dispersion and year-to-year changes in related ratios is dis- cussed later. It is of interest, before leaving the subject of year-to-year changes, to discuss briefly the changes when they are related to the districts with high or low ratios relative to the seven-year level. Do ratios which are high in a given year tend generally to move downward, and those which are low generally to move up- ward in the following year? Are the net percentage changes from year to year functions of the positions of the ratios relative to the “long-time” levels? Table 22 supplies a negative answer to the first question. Of the 30 district ratios which were high, "8 See Charts 2 and 4, pages 22 and 30.

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