SERIES CORRELATED WITH EARNING ASSETS 167 
1. District ratios of loans and discounts to earning assets which 
are above the district levels, and district ratios which are éncreas- 
ing from year to year, have associated with them #kigh ratios 
and changes in the same direction in the following series, each 
expressed as ratios to earning assets: 
Gross earnings 
Total expense 
Net earnings 
Salaries and wages 
Interest and discounts on borrowed money 
Taxes 
“Other expenses” 
2. District ratios of loans and discounts to earning assets which 
are below the district levels, and district ratios which are decreas- 
ing from year to year, have associated with them low ratios and 
changes in the same direction, in the following series, each 
expressed as ratios of earning assets: 
Gross earnings 
Total expense 
Net earnings 
Interest and discounts on borrowed money 
Taxes 
“Other expenses” 
3. District ratios of loans and discounts to earning assets 
which are above the district levels, district ratios which are 
increasing from year to year, and district ratios which are above 
the yearly levels for the country as a whole, have associated with 
them high ratios relative to the district level, high relative to 
the country level, and increases from year to year in the follow- 
ing series: 
Gross earnings to earning assets 
Total expense to earning assets 
4. District ratios of loans and discounts to earning assets 
which are below the district levels, district ratios which are 
decreasing from year to year, and district ratios which are below 
the yearly levels for the combined districts, have associated with 
them low ratios relative to the district level, low ratios relative 
to the country level, and decreases from year to year, in the 
following series: 
Gross earnings to earning assets 
Total expense to earning assets