NORMS AND TRENDS IN DEPOSITS 49
their ratios most markedly varying are Philadelphia, Cleveland,
Dallas, and San Francisco. The districts with the ratios most
distinctly below those for the country are Cleveland, Richmond,
Chicago, Minneapolis, and San Francisco; those with ratios most
noticeably above those for the country are New York, and Dallas.
In spite of the differences in rates of change for the various
districts, when compared with each other, a high degree of similarity
obtains. District percentages are more like each other
(1) in the time at which they are above or below their own
seven-year averages, and (2) in the direction and rates of change
from year to year, than are the several district ratios like those
for the country as a whole.
The immediately foregoing discussion relates to the ratios of
demand deposits to earning assets, and to the nature and percentage
amounts of change characterizing them during the years
1919 to 1925. But demand deposits may be studied in relation
to the total deposits of the banks in question. Such an analysis
is given in the following section, at the close of which the norms
and trends typical of such deposits are briefly summarized.
(2) Ratios of Demand Deposits to Total Deposits
For the period 1919-1925 taken as a unit, the demand deposits
of all member banks in the Federal Reserve system constitute
TABLE 34
Ratios oF DEMAND DEposiTs To TotrarL Deposits IN ALL MEMBER
BANKS, FEDERAL RESERVE SYSTEM, BY YEARS AND
BY FEDERAL RESERVE DISTRICTS
FEDERAL RESERVE DIsTRICTS
—
Average
(All Districts)
Boston. . ..
New York. .
Philadelphia
Cleveland. .
Richmond. .
Atlanta... ..
Chicago. ...
St. Louis. . ..
Minneapolis. .
Kansas City. . .
Dallas.......... oe.
San Francisco. ..............
Average
(1919-rose)
£.
1
Summ
-
82.10
§5.33
RATIOS OF DFraNy Dr-nsrre 7 Total DEPOSITS
1019 ' 1020 I 1021
1922
1923
1024
nb a2
ma ar NER <1
66 Rv 1 64 Re
£-aL
82.44
89.00
12 32
© 74
FPN
30.20
86 06
72 40
6 9
6: ~
62
6c
"T-:
52 9°
76.88
87.90
50.0I
74.22
83.14
68.42
59.72
50.14
£; “7
.60
Io 22
65 i
ef
68.96
76.47
63.88
LT 46
66.26
75 o7
fo. 3s
53
23
.C
"0
fi8
56.95
77.54
87.40
73.80
19.39
73.30
2.4
os 8g
72.40
80.566
$3.03
.1.51
80.04
54.08
7
v3
(2.4¢
-—
a—
1028
62.40
64.46
74.29
58.04
51.37
53.31
60.901
55.58
59.77
49.28
"1.47
18.83
20.067
