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BANKING STANDARDS

TABLE 74

NuMBER OF YEARS, 1919 TO 1925, IN WHICH THE DisTrIcT RATIOS
OF TorAL EXPENSE To Gross EARNINGS FOR NATIONAL BANKS
AND FOR STATE BANK AND Trust ComPANY MEMBERS
WERE ABOVE OR BELOW THE CORRESPONDING YEARLY
RATIOS FOR THE COUNTRY AS A WHOLE

FEDERAL
RESERVE
DISTRICTS

ABOVE

National
Banks

State Banks
and Trust
Caomnaniee

National
Banks

Brrow

State Banks
and Trust
Comnanies

Boston.........
New York......
Philadelphia. ...
Cleveland. .... .
Richmond... ... |
Atlanta........|
Chicago. .......}
5t. Louis. . pe.
Minneapolis. . . .
Kansas City. ...
Dallas. ........
San Francisco...

—

generally on the same side of the averages at the same time. In
four of them, the ratios for both sets of banks occupied the same
positions relative to the country’s yearly averages for the entire
seven years. From Table 74, it is shown that two of them (New
York and Philadelphia) were below, and two (Minneapolis and
Kansas City) above this average level for each of the years in
question.
To question 4 on page 103, the answer is “yes.” That is, the
wider the dispersion of district ratios for national bank members
from the country level, the wider the dispersion for the corresponding
 district ratios for state bank members from the country
level. To this rule, when the amounts of dispersion for the two
groups of banks, by districts, are classified by percentage groups,
there are only two exceptions.
In general, and in summary, therefore, the district ratios of
total expense to gross earnings for national and for state bank
members compare as follows: (1) they are generally higher for
state than for national bank members; (2) relative to their respective
 district levels for the period 1919 to 1925, both sets of