John Pierpont Morgan, der Weltbankier

Die Kommunalbesteuerung in Italien

Bibliographic data

Monograph

Identifikator:: 1780948581

URN:: urn:nbn:de:zbw-retromon-168414

Document type:: Monograph

Author:: Smith, Henry Justin http://d-nb.info/gnd/124454801

Title:: John Pierpont Morgan, der Weltbankier

Place of publication:: Dresden

Publisher:: Reissner

Year of publication:: 1928

Scope:: 310 Seiten

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Siebzehntes Kapitel. Der Weltkrieg

Collection:: Economics Books

SERIES CORRELATED WITH DEPOSITS 199 total deposits, are invariably opposite. This condition, however, does not necessarily hold when the deviations by type are clas- sified into percentage groups, and when the net deviations or year-to-year changes are calculated,” although it is required for the averages of all plus and minus deviations.? Moreover, since for any district, if the ratio of demand deposits to total deposits is above, the corresponding ratio of time deposits to total deposits is below the district average, it follows that the average net deviation in any series paired with demand deposits above the district level is the same as the net deviation in that series paired with the time deposits below the district level.? Similar relations hold for net year-to-year changes and net devia- tions from yearly averages. Accordingly, having determined the net deviations and year-to-year changes in a number of series paired with variable amounts of demand deposits in terms of total deposits, it is unnecessary to discuss at length similar rela- tions between these same series and variable time deposits. Table 121, for each of a number of series of bank data, gives the net deviations from the seven-year district levels obtaining in districts having ratios of time deposits to total deposits deviat- ing by sign and classified percentage amounts from the corre- sponding levels. The relations here shown are, in general, and as is indicated above, the reverse of those given in Table 111, but differ for certain of the dispersion groups. It will be observed that total expense is expressed in units of earning assets and of gross earnings, and that when time deposits are high or low, such expense is high or low, respectively, as thus measured. These are the relations for the country as a whole, the correlations applying to yearly district ratios relative to the levels obtaining for the period 1919-1925. Do such relations hold for groups of banks in any one district? Fortunately, an answer to this question is available from studies made by the Federal Reserve Bank of Boston for member banks in the Boston district. Table 122 shows the ratios!® of total expense to gross earnings for all member banks in the Boston Federal Reserve District, T As witness the detail, for instance, for total expense in Tables 111 and 121. 8 Compare the respective totals in Tables 111 and 131. ? See the total sections for ratios of total expense in Tables 111 and 121. 10 These percentages are not arithmetic averages, but are reported to be those which are “most nearly typical of the greatest number of banks.”

Access restriction

Copyright

fullscreen: Die Kommunalbesteuerung in Italien

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation