NORMS AND TRENDS IN DEPOSITS 47
TABLE 33
respective district ratios in the
various years differ so markedly
from those for the country as a
whole that they may fluctuate
widely from their own peculiar
levels and increase or decrease
from year to year without cross-
ing the levels for the country.
And yet, different as are the dis-
trict levels, the ratios tend to
revert to type and systematic-
ally to oscillate about their own
averages. How closely these os
cillations in the various districts
agree in extent at a given time
and synchronize in direction of
change from year to year has
already been pointed out.
The district ratios of demand deposits to earning assets, their
directions and rates of change from year to year, and their
positions relative to those for the twelve districts combined, are
graphically shown in Chart 8.7 This chart shows that the ratios
for the combined districts varied relatively little from year to
year. The direction of change was downward from 1919 to
1920, and from 1920 to 1921, the rates, respectively, being
3.36% and 8.13%. From 1922 to 1925, the direction of change
was upward, the year-to-year changes following this trend, except
for 1923 compared with 1922, when there was a fall of 1.69%.
With these changes, those in the respective districts generally
agree, the outstanding exceptions being the increase from 1919
to 1920 in Dallas, and the persistent decrease over the period
1920 to 1925 in Philadelphia, and from 1919 to 1923 (except for
a slight rise in 1923) in Cleveland. Large declines occur in
Minneapolis and San Francisco between 1919 and 1921, and in
Atlanta and Dallas between 1920 and 1921. The districts with
percentage changes in their ratios most closely corresponding to
those for the country as a whole are Boston, New York, Rich-
mond, Chicago, and Atlanta; those with percentage changes in
"For a description of the basis on which this chart is drawn and of the manner
in which it should be interpreted, see page 21
NuMBER OF YEARS, 1919-1025, IN
WHaIicH THE DIFFERENT DisTrRICT RA-
110s or Demanp Deposit. TO
EARNING ASSETS ARE ABOVE OR
Berow THE CORRESPONDING
YEARLY RATIOS FOR THE
COUNTRY As A WnoLe
POSITION RELATIVE TO THE
COUNTRY’S YEARLY
AVERACES
Abhavae
Palawe
