16 
BANKING STANDARDS 
from 1921 to 1925, and in the latter case the reverse. The trend 
in the ratios of demand deposits to earning assets was generally 
downward to 1921 and upward for the remainder of the period. 
The tendency discovered, however, is not a function of long-time 
trend alone. It is rather a function of year-to-year trends, the 
same being determined for ratios classified with respect to the 
nature and amount by which they deviate from their respective 
seven-year district normals. 
The positions which the ratios occupy each year, and for the 
period covered, relative to the averages obtaining for the country 
as a whole, are also of interest. These are given in Table 32. 
An inspection of this table shows that the respective positions of 
the districts, relative to the country level, are the same for all of 
the years being studied. Boston, New York, Kansas City, and 
Dallas are invariably high; the others are invariably low, 1919, 
for San Francisco, being the only exception. The degree of con- 
sistency in this case is greater than in the case of the ratios 
of total deposits to earning assets. In the latter instance, in only 
four districts were the ratios on a given side of the average for 
all of the seven years; in the former, consistency, with one excep- 
tion, is complete, as is illustrated in Table 33. 
Of course, a distribution of this sort is not fortuitous. The 
fact that the deviations are taken plus and minus from the 
country’s average does not make such alignment necessary. The 
TABLE 32 
PERCENTAGE DIFFERENCES OF DISTRICT AVERAGES OF RATIOS OF 
DeMAND Deposits TO EARNING ASSETS FOR ALL MEMBER 
BANKS, FEDERAL RESERVE SYSTEM, FROM AVERAGES 
tor THE COUNTRY AS A WHOLE 
Drpovi pans ~~ —wrAps PROM TET OS Ayraerm— == AVERAGES 
FEDERAL 
RESERVE 
DisTRICTS 
Boston. ..... 
New York... 
Philadelphia.. 
Cleveland.... 
Richmond... 
Atlanta..... | 
chicago. .... 
St. Louis. . .. 
Minneapolis... 
Lansas City. 
Dallas....... 
San Francisco 
Average 
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