NORMS AND TRENDS IN DEPOSITS 69
on a ratio basis!® and shows, among other things, for the country
as a whole, that (1) the ratios increase over the whole period
1919-1925; (2) the rates of change are largest for the years 1919-1921;
and (3) the rate, almost constant from 1921 to 1924, decreases
between 1924 and 1925. While the actual percentages
in New York and Dallas are noticeably lower and those in Minneapolis
and San Francisco appreciably higher than those for the
combined districts, the rates of change, with minor differences,
are much the same. The district with ratios most closely conforming
to those for the country as a whole is Philadelphia; the
one with rates of change most closely paralleling the averages
for the combined districts is St. Louis.
A brief summary relating to the norms and trends in the ratios
of time deposits to earning assets, and to total deposits, is in
place at this point:
Norms
1. The typical ratios of time deposits to earning assets, for all
member banks by districts and by years, 1919 to 1925, fall in the
group 20-25. Other common amounts range from 30% to 40%.
When time deposits are expressed as proportions of total deposits,
the most common ratios fall in the group 40 to 45, concentration
appearing also at the groups 25 to 30 and 335 to 40.
2. Ratios of time deposits to earning assets and to total deposits
are relatively low in 1919, 1920, and 1921, and relatively
high in 1922, 1923, 1924, and 1925—the standards of comparison
in each case being the respective average district ratios for the
vears 1919-1925, combined.
3. Time deposits, when measured as percentages of earning assets
and of total deposits, and when compared with corresponding
yearly averages for the combined districts, are low during the
entire seven years in Boston, New York, Kansas City, and Dallas.
The other districts are generally high throughout the period.
Trends
1. During the period 1919-1925, and from year to year, ratios
of time deposits to earning assets and to total deposits increase.
This is true of all member banks in the System as a whole and of
13 See the discussion relating to such charts, page 21.
