TIX

NORMS AND TRENDS IN EARNING ASSETS

I. INTRODUCTION

“EARNING ASSETS,” as used in this study, consist of the total of
(1) loans, discounts, and overdrafts,! and (2) investments of all
member banks in each of the Federal Reserve districts. The
amounts for each of the years 1919-1925,2 inclusive, are the averages
 of the totals reported for December 31 and June 30—
December 31 for the year preceding, and June 30 for the year
to which all comparisons and statistics relate. That is, the amounts

TABLE 1

NuMBER oF MEMBER BANKS IN THE FEDERAL RESERVE SYSTEM
BY DISTRICTS AND YEARS, 1019-1025

FEDERAL RESERVE DISTRICTS

Total

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

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"Soutoe: Federal ” Reserve “Bulletin

1 The Federal Reserve Board classifies loans as follows: Those secured by United
States Government obligations; other stocks and bonds; real estate mortgages or
other real estate liens; and all other loans. Investments are specified by classes as
follows: (1) domestic securities, which include United States Government securities,
 state, county, and municipal bonds, and all other bonds, stock of Federal Reserve
 banks, stock of other corporations, other domestic securities; and (2) foreign
securities, which consist of bonds of foreign governments, and other foreign bonds
and securities, including those of municipalities.

2 For the years of 1924 and 1925, ending June 30, the amounts are averages of
the reported figures on call dates.