TV 
NORMS AND TRENDS IN DEPOSITS 
I. INTRODUCTION 
IN this chapter the deposits of all member banks in the Federal 
Reserve system are referred to as total deposits, demand deposits, 
and time deposits. By total deposits are meant the combined de- 
mand and time deposits.! Demand deposits are those payable 
within 30 days; time deposits, those payable after 30 days, and 
include all savings accounts, certificates of deposits which are 
subject to not less than 30 days’ notice before payment, and all 
nostal savings deposits. The data for each deposit classification 
for each year are averages made from the amounts reported for 
December 31 of the preceding, and for June 30 of the year in 
question, as reported in the Federal Reserve Bulletin. 
2. THE RELATION OF TOTAL DEPOSITS TO EARNING ASSETS 
From the total deposits and earning assets for all member banks 
in each district for each of the years 1919-1925, the percentage 
amounts in Table 17 have been obtained. For the combined years 
and districts, the average percentage is 85.68. From this figure, 
however, there are variations peculiar to the separate years 
and to the individual districts. The frequency grouping in Chart 
5 indicates the range through which the percentages extend and 
the amounts around which they cluster. The modal percentage 
of total deposits to earning assets falls in the group 81-84. The 
actual percentages range from 74 to 101, 67% of them, however, 
falling within the group-range 78-go. The amounts are fairly 
evenly distributed about the modal or most common group, there 
being a tendency, however, for the amounts to “tail off” to the 
higher levels. 
L «Total deposits” as used by the Federal Reserve Board include, in addition to 
demand and time deposits, the following amounts: “Due to Federal Reserve 
banks; Due to banks, bankers, and trust companies; Certified and cashiers’ or 
treasurers’ checks outstanding; and United States deposits.”