NORMS AND TRENDS IN DEPOSITS 61 
varies directly with the percentage amount of dispersion from the 
basic seven-year levels. For those that are high there appears to 
be no systematic relationship between the amount of dispersion 
and the net rate of change. 
But what positions do the ratios in the respective districts hold 
relative to the amounts for the country as a whole? The answer 
to this question is found in Table 44. 
For each of the years 1919 to 1923, Districts 1, 2, 10, and 11— 
Boston, New York, Kansas City, and Dallas—are below the coun- 
try’s average, while Philadelphia holds this position from 1919 
to 1923. The other districts, with the exception of St. Louis 
in 1920, are above the country’s average throughout the seven 
years. It is these same districts, with minor exceptions, that 
show a systematic relationship to the country’s average, so far 
as their ratios of demand deposits to earning assets are con- 
cerned, their positions, with respect to signs (plus and minus), 
however, being reversed. In spite of the upward tendency of the 
ratios in each district from year to year and over the whole period, 
the rates of change so closely conform to those of the entire coun- 
try that relatively they hold their positions above or below the 
country’s average over the whole series of years. This fact is 
not so striking in those districts with ratios widely deviating from 
the average for the combined districts, but it is of interest for At- 
TABLE 44 
PERCENTAGE DIFFERENCES OF DISTRICT AVERAGES OF RATIOS OF 
TiME Deposits To EARNING ASSETS FOR ALL MEMBER 
BaNks, FEDERAL RESERVE SYSTEM, FROM AVERAGES 
¥OR THE COUNTRY AS A WHOLE 
FEDERAL 
RESERVE 
DISTRICTS 
Boston. ..... 
New York. . .: 
Philadelphia.. 
Cleveland.... 
Richmond. . .. 
Atlanta...,..! 
Chicago. ..... 
5t. Louis. . .. 
Minneapolis. . 
Kansas City.. 
Dallas. ...... 
San Francisco 
Average 
1010-25) 
=-13.0¢ 
-30.68 
- 0.36 
t32.15 
t+17.70 
t+ 8.39 
fes.of 
3.23 
+53.44 
~-17.41 
~46.30 
440.38 
rorrareacw DrreroeNCES FROM THE COUNTRY’S AVERAGES 
IQIQ 
.Q2¢C 
1021 
1022 
102 
1024 
1038 
-26.52 
—54.02 
~ 4.20 
+50.24 
t+25.62 
t17.73 
£67.64 
+ r.-0 
-103.54 
=~ 4.63 
—49.82 
+10.235% 
—26.54 
—-£r~.00 
= 5.47 
+38.01 
+23.33 
4-2. 0c 
A 
-C 
+173.0 
-14.1¢ 
—53.08 
+66.31 
- 
—46.72 
— 1.59 
+33.52 
+19.0¢ 
+10.6° 
tar.¢’ 
+ 3.6 
+60.00 
—15.851 
—46.01 
+55.30 
-13.12 
—~39.99 
- 1.27 
+29.23 
+20. 8¢ 
L 8.6: 
30.6: 
F577 
$50.44 
-16.00 
—44.99 
+50.0% 
-Ir.02 
—34.26 
~ 2.36 
+27.39 
L-€. 20 
\ - 
- 8.07 
—33.54 
+ 2.28 
+28.76 
+13.78 
+ 13 
teq.0a 
+ 0.6c 
+41.68 
-19.28 
—43.02 
+30.04 
— 4.70 
~32.49 
+ 4.73 
+25.46 
+15.88 
+ 3.04 
$21.08 
+ 2.72 
+38.97 
—10.41 
~41.80 
+46.18 
-ry. 7 
—~43.73 
+41.08%