NORMS AND TRENDS IN EXPENSES
CHART 22

ICC

Di1sTRIBUTION OF YEARLY DISTRICT RATIOS OF SALARIES AND WAGES
To EARNING ASSETS, ALL MEMBER BANKS, 1919-1925
{ Ratios based on $1,000)

Per Cont

Groups

0

10

15

0

25

30
Nd

6 and under 8
8 and under 10
10 and under 12
12 and under 14
14 and under 16
16 and under 18
18 and under 20
20 and under 22

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et A waa.

a.

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vary from the average ratios for the country as a whole.
study of this chart shows the following norms and trends:
Norms

Number
of
Cases

2
10
25
18
4

A

1. Salaries and wages in relation to earning assets in every
district were below their respective district levels in 1919 and
1920; they were above in every district in 1922, 1923,'® 1924,
and 1925.17 That is, low and high years, respectively, were common
 throughout the system.
2. Four districts (Boston, New York, Philadelphia, Cleveland)
have amounts below those for the country level each year from
1919 to 19235; six districts (Atlanta, St. Louis, Minneapolis, Kansas
 City, Dallas, and San Francisco) have amounts above those
for this level each year from 1919 to 1925. That is, districts
which are low or high in a given year, relative to the average level
for the System as a whole, retain such positions during the seven
years under review.
3. Districts with ratios most markedly higher than the general
18 One exception—Boston.
17 One exception—Minneapolis.