66 
BANKING STANDARDS 
TABLE 154 
DISTRICT AND YEARS FOR WHICH RATIOS OF OPERATION ARE 
AVAILABLE FOR INDIVIDUAL MEMBER BANKS 
RATIOS 
1922. 
£923. . 
1924. 
1025 
YEARS 
Gross Earnings 
to 
Earning Assets 
Boston 
Boston 
Total Expense 
to ’ 
Earning Assets 
Boston.............. 
Boston and New York 
Boston and New York 
Boston and New York 
Net Earnings 
to 
Earning Assets 
Boston 
Boston 
average of five Calls, two of which are in December—one of 
them for December 31 of the preceding year and the other for 
December 31 of the calendar year under review.”? 
2. Gross Earnings. This item is “the total of Section 1 in the 
semiannual report of earnings, expenses and dividends made to 
the Comptroller of the Currency, and consists . . . . of 
interest and discounts on loans, interest (including dividends) 
on investments, interest on balances in other banks, domestic 
exchange and collection charges, foreign exchange department, 
commission and earnings from insurance premiums, and the 
negotiation of real estate loans, trust department and other 
earnings. . . . . The period covered is the sum of the first 
six months of the calendar year, plus the second six months of 
the calendar year, the data being compiled from two semiannual 
reports.’’2 
3. Total Expense. This is the total of the items “comprising 
Section 2 in the semiannual report of earnings, expenses and divi- 
dends made by national banks to the Comptroller of the Cur- 
rency and includes, in accordance with that ‘schedule, salaries 
and wages, interest and discount on borrowed money, interest 
on bank deposits, interest on demand deposits, interest on time 
deposits, taxes, and other expenses. And, as in the case of gross 
earnings, total expenses cover two semiannual periods, represented 
1 Extract from a letter from H. R. Bowser, Manager of the Financial Statistics 
Division, Federal Reserve Bank of Boston. 
2 Ibid.