NORMS AND TRENDS IN DEPOSITS 47 
TABLE 33 
respective district ratios in the 
various years differ so markedly 
from those for the country as a 
whole that they may fluctuate 
widely from their own peculiar 
levels and increase or decrease 
from year to year without cross- 
ing the levels for the country. 
And yet, different as are the dis- 
trict levels, the ratios tend to 
revert to type and systematic- 
ally to oscillate about their own 
averages. How closely these os 
cillations in the various districts 
agree in extent at a given time 
and synchronize in direction of 
change from year to year has 
already been pointed out. 
The district ratios of demand deposits to earning assets, their 
directions and rates of change from year to year, and their 
positions relative to those for the twelve districts combined, are 
graphically shown in Chart 8.7 This chart shows that the ratios 
for the combined districts varied relatively little from year to 
year. The direction of change was downward from 1919 to 
1920, and from 1920 to 1921, the rates, respectively, being 
3.36% and 8.13%. From 1922 to 1925, the direction of change 
was upward, the year-to-year changes following this trend, except 
for 1923 compared with 1922, when there was a fall of 1.69%. 
With these changes, those in the respective districts generally 
agree, the outstanding exceptions being the increase from 1919 
to 1920 in Dallas, and the persistent decrease over the period 
1920 to 1925 in Philadelphia, and from 1919 to 1923 (except for 
a slight rise in 1923) in Cleveland. Large declines occur in 
Minneapolis and San Francisco between 1919 and 1921, and in 
Atlanta and Dallas between 1920 and 1921. The districts with 
percentage changes in their ratios most closely corresponding to 
those for the country as a whole are Boston, New York, Rich- 
mond, Chicago, and Atlanta; those with percentage changes in 
"For a description of the basis on which this chart is drawn and of the manner 
in which it should be interpreted, see page 21 
NuMBER OF YEARS, 1919-1025, IN 
WHaIicH THE DIFFERENT DisTrRICT RA- 
110s or Demanp Deposit. TO 
EARNING ASSETS ARE ABOVE OR 
Berow THE CORRESPONDING 
YEARLY RATIOS FOR THE 
COUNTRY As A WnoLe 
POSITION RELATIVE TO THE 
COUNTRY’S YEARLY 
AVERACES 
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