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

Collection:: Economics Books

, BANKING STANDARDS The ratios of total deposits to earning assets are smaller than those for the country as a whole during all of the seven years, in New York (except in 1922), Philadelphia, Richmond, and St. Louis. They are higher throughout in Boston (except in 1919) and in San Francisco. The districts having percentages closely agreeing with the country’s averages are Boston, New York, Cleveland, Chicago, Minneapolis, and Kansas City. ns In spite of the minor differences in the ratios and in the rates of change from year to year in the various districts, the outstand- ing picture presented by Chart 6 is the consistency and uniform- ity which obtains. Similarity is far more apparent than dissimi- larity. And such is to be expected provided that (1) the basic factors contributing to the results are common to the various dis- tricts; (2) the individual banks making up the totals in each dis- trict are subject to a common control with respect, among other things, to reserve requirements; and (3) banking experience and competition between banks tend to determine a normal relation between deposits and assets. More will be said later about the factors contributing to such “normal” relations. In brief, the norms and trends characterizing the ratios of total deposits to earning assets for all member banks, by districts and years, are as follows: Norms 1. The modal or most common ratios fall in the group 81-84, the weighted arithmetic mean being 85.68. 2. District ratios were predominantly low, relative to their seven-year averages, in 1919, 1920, and 1921; they were pre- dominantly high, measured in the same manner, in 1923, 1924, and 1925. 3. Except for Districts 3, 5, 8, and 12—Philadelphia, Rich- mond, St. Louis, and San Francisco—the percentages closely cor- respond to those for the twelve districts combined. Trends Between 1921 and 1925, the ratios, with two exceptions, rose from year to year. Between 1919 and 1925, an increase occurred in each of the districts. i.

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