TABLE 111 
CORRELATION OF DistrICT DEVIATIONS OF RATIOS IN PAIRED SERIES 
(Percentage Deviations from the Respective District Averages. Period 1919-1925) 
=) 
>] 
AN) 
INDEPENDENT VARIABLE— 
Ratios of Demand Deposits to 
the Total of Time and 
Demand Denosits 
Distance from Average 
Average 
Per- 
centage | 
Position 
—————— 
Total 
+ 8.77 | 
Number 
of 
istrict] 
Vears 
3 | 
Loans 
and 
Discounts 
to 
Earning 
Assets 
“40.32 
DEPENDENT VARIABLES—Net Average Percentage 
[nvest- 
ments 
to 
Rarning 
Agcete 
| Gross 
Earnings 
to 
Earning 
Assets 
Total 
Expense 
to, 
Earning 
Assets 
Net 
Earnings 
to 
Earning 
Assets 
Salaries 
and 
Wages 
to 
Earning 
Aqcets 
Interest 
on 
Deposits 
to 
Earning 
Accatg 
— 0.32 | —1.44 —4.44 | 
+6. 32 
—11.17 
— 0.50 
Interest 
and 
Discounts 
on 
Borrowed 
Money to 
Earning 
Assets 
445.88 
{ 
Taxes 
to 
Earning 
Acsets 
42.10 |! 
“Other 
©xpense”’ 
to, 
Zarning 
Assets 
-6.75 
Above 
Ralow 
10.00 and over|+14.28 14 
5.00 to 10.00 | + 7.12 | 9 
[Inder 5.00 + 2.56 10 
Jnder 5.00 - 2.68 
;-00 tO 10.00 |- 7.00 
:0.00 and over! -v0.53 
af 
T 
—2.26 
+0.22 
+2.08 
~0.14 
-0.44 
-1.70 
+ 7.14 
1 0.44 
-TX.A4A4 
+ 0.23 
+ ~.os2 
- 4.40 
-6.03 
~4.03 
+17.8¢ 
+1.43 
-—0.07 
+0. 88 
~—9.25 
=90.23 
L8.62 
+2.57 
tr.76 
4 21 
+2.66 
+8.87 
40.8% 
-2.07 
-7.30 
-7.04 
—17.67 
~16.33 
+ 2.¢8 
F 5.54 
- 8.62 
~ R68 
—11.76 
—11.42 
— 4.02 
+ 3.42 
+ 8.24 
14.20 
+33.55 
126.69 
+80.432 
—13.04 
—49.43 
-21.06 
— 1.02 
—~ 3.86 
lyna ya 
1.21 
t x 
ra 
= ¢ 11 
—12.36 
+ 4.50 
+ 3.31 
4.35 
L 2.28 
— 
Total 
I.) 
——y Tq 
I 
+ 0.64 +0.87 Laer —17.%0 b+ 6.37 
+ 5.31 
—c cy | 
+ 3.43