NORMS AND TRENDS IN NET EARNINGS 135 
combined. Inspection of Table 86, which presents the details for 
such a comparison, shows that (1) the ratios in New York, 
Philadelphia, and Dallas are above, and those in Minneapolis be- 
low the level for the country as a whole in each of the years dur- 
ing the period 1919-1925; (2) the ratios are markedly high in 
Philadelphia and Dallas, and markedly low in Minneapolis; ( 3) 
in only one year did the ratios in Boston, Chicago, Kansas City, 
and San Francisco rise above the country average, and in only 
one year did those in Cleveland sink below the average for the 
combined districts; (4) the ratios most nearly agreeing with 
those in the entire System are found in St. Louis, and those deviat- 
ing most widely from this general level occur in Minneapolis; and 
(5) the ratios in the East (New York and Philadelphia) and in 
the South (Atlanta and Dallas) are generally high; and those 
in the New England and the Northwest (Minneapolis and Kan- 
sas City, especially) are markedly low during the years under 
review. 
TABLE 86 
PERCENTAGE DIFFERENCES OF DISTRICT AVERAGES OF RATIOS OF 
NET EARNINGS TO EARNING ASSETS FOR ALL MEMBER 
BANKS, FEDERAL RESERVE SYSTEM, FROM AVERAGES 
FOr THE COUNTRY AS A WHOLE 
FEDERAL 
RESERVE 
DISTRICTS 
Boston. . ... 
New York. . 
Jhiladelphia. 
Cleveland.... 
Richmond. . . 
‘tlanta...... 
“hicago..... 
St. Louis. . .. 
‘finneapolis. . 
Kansas City.. 
Dallas....... 
san Francisco 
Average 
{101Q-2¢ 
— 7.04 
+ £.53 
bo? 
+ oc 
PeneeNTAGT DIFFERENCES FROM THE COUNTRY’S 4 VERAGT® 
IOIO 
TO200 
1027 
1072 
Yeo? 
YO ~ 
— 0.2! 
+ xs 
Fos 
+ ~~ 
+ 
4 
I¢ 
” 
~~ 
—vn 28 
"J 34 
$ 
wn — 
102¢ 
me og ~1 
+ 4.97 
+19. 24 
+ ‘ 
These and other facts, however, are more readily seen by con- 
sulting Chart 34, which, like others of this type, is drawn on a 
ratio basis.® This chart graphically shows, among other things: 
(1) the percentage amounts and directions of change in ratios for 
each of the districts and for the country as a whole, (2) the direc- 
—————————— 
8 For discussion of the method of drawing and of interpreting such a chart, see 
page 2I.