28 
BANKING STANDARDS 
from year to year in the ratios with respect to their positions in a 
given year relative to the average for the period 1919-1923, it does 
not indicate the percentage amounts. The latter are summarized 
In Table 15. Not only did ratios which were high in a given year, 
relative to the average for the period 1919-1923, tend to decrease 
in the following year, and those which were low (similarly deter- 
mined) tend to increase, but the net amounts of percentage fall 
and rise, respectively, varied directly with the percentage varia- 
tions from the seven-year district levels. Ratios of investments, 
as of loans and discounts to earning assets, tend to revert to type 
—the type in this case being the average for the period 1919-1925 
for all member banks in each district. 
The percentage amounts and signs by which the ratios of in- 
vestments to earning assets by districts and by years differ from 
the yearly averages for the twelve districts combined are presented 
in Table 16. The signs in this table are the opposite of those in 
Table 10 for ratios of loans and discounts to earning assets; the 
amounts of divergence are peculiar to the investment ratios. 
Summary Table 11 shows certain of the districts to have rela- 
tively low, and certain of them to have relatively high ratios of 
loans and discounts to earning assets during the seven years; the 
opposite tendency with respect to ratios of investments to earn- 
ing assets characterizes these same districts. If the caption head- 
ings of this table are interchanged, the tenacity of position of the 
TABLE 16 
PERCENTAGE DIFFERENCES OF DISTRICT AVERAGES OF RATIOS OF 
INVESTMENTS TO EARNING ASSETS FOR ALL MEMBER 
BANKS, FEDERAL RESERVE SYSTEM, FROM AVERAGES 
FOR THE COUNTRY AS A WHOLE 
FEDERAL 
RESERVE 
DISTRICTS 
»oston...... 
New York... 
“hiladelphia. 
Meveland.... 
ichmond. .. 
itlanta. ..... 
hicago..... 
t. Louis. . . 
‘finneapolis. 
{ansas City. 
Jallas....... 
>an Francisco 
Average 
1010-25) 
~ 4.39 
+ 6.46 
‘41.39 
120.14 
-16.903 
—2 22 
— Cc rr 
~32.06 
- 7.03 
PERCFNTAGE DIFFERENCES ¥*ROM THE COUNTRY’S AVERAGES 
gre 
1019 
1920 
1021 
1022 
1023 | 1024 | 1035 
I~ u 
+4 “aq 
1 
Q 
— 6 go 
: 
+ 3 
dey omy 
» 
St 
— 0.0% 
+12. 50 
+46.4° 
+7.9, 
= IL.4¢ 
+11.0 
+ 
— I. 
410.8 
+36.8 
+74.62 
- a 
— 4.84 
+ 9.51 
431.64 
+1x4.37 
—20.18 
—26.31 
- 8 
- 2.03 
+ 1.12 
+ 0.20 
-_ uy. 
sa.I7 
—12.07 
88 
. 67 
~10.0!