364 
BANKING STANDARDS 
for banks in each of the twelve districts, classified according to 
the size of the cities in which they are located, the summaries in 
Tables 205 to 207, inclusive, have been prepared. 
Table 205 shows that, relative to the “all district” levels on 
quarterly call dates from 1923 to 1926, the rates charged by 
banks tended to be “low” in Districts 1, 2, 3, 4, 5, and 7, and 
“high” in the others. This is the general condition without re- 
spect to the size of the cities in which the banks are located. 
When account is taken of city size, geographical differences are 
less marked in the large than in the small cities. 
TABLE 203 
NUMBER OF CiTy-AVERAGE RATES ON CustoMERrs’ PAPER REDIS- 
COUNTED WITH FEDERAL RESERVE BANKS, ABOVE, BELOW, OR 
EQUIVALENT T0 THE AVERAGE RATES FOR THE RESPEC- 
TIVE CrTy-GRoOUPS, ON QUARTERLY CALL DATES, 
1923 TO 1926, FOR ALL MEMBER BANKS 
DisTrICTS 
DIFFERENCES OF AVERAGE RATE IN EACH DistRICT COMPARED WITH THE 
Crry-GrouP For ALL DISTRICTS 
Number of Average Rates on Call Dates 
ota’ 
Cities: Under 
15,000 
Cities: 15,000 
and under 100.000 
Cities: 
100.000 ahd over 
hr 
Boston........, 
New York. ... 
Philadelphia. .. 
Cleveland. . ... 
Richmond..... 
Atlanta. ...... 
“hicago....... 
it. Louis. ..... 
Minneapolis. . 
Kansas City. . 
Dallas. ...... 
San Franciera 
x 
, 
i 
4 
x 
1 
4 
2 
Not only are there district differences in the rates charged by 
banks on customers’ paper which is rediscounted, but there are 
differences for banks by size of city of location within each dis- 
trict, and these differences tend to be of the same type. In 
general, the rates are highest in the small and lowest in the large 
cities in each district at each call date. A summary of the types 
of difference between the rates for banks in cities of different 
size by districts is contained in Table 206. Eighty-four per cent 
of the call-date rates—i148 out of 176—were lower in cities 
with population of 15,000 to 100,000, than were those on the