NORMS AND TRENDS IN DEPOSITS 63

lanta, for instance, the ratios for which closely correspond to those
for the country as a whole.
Chart 12!2 makes it possible to compare the ratios of time deposits
 to earning assets for the individual and combined districts
during the years 1919 to 1925. An outstanding, if not the main,
characteristic is the upward trend of the solid lines which represent
 the ratios in the various districts. While the slopes differ,
the chart indicates a tendency for the ratios to increase, the rates
of increase, however, generally decreasing. This is noticeably
true for the ratios in the First and Second districts—Boston and
New York—and for the twelve districts combined. It will be remembered
 that uniform slopes, on charts of this type, indicate
equal rates of change. In this connection, it is of interest to compare
 the slopes of the various solid lines. The rates of change
are particularly uniform for Cleveland, Richmond, Atlanta, St.
Louis, and Kansas City. Moreover, the rates are much alike in
the following pairs of districts: Boston and New York; and Chicago
 and Minneapolis.
The ratios in Philadelphia, Atlanta, and St. Louis closely agree
with, while those in New York, Minneapolis, Dallas, and San
Francisco widely differ from those for the combined districts.
Those in New York and Dallas are noticeably lower, and those in
Cleveland, Chicago, and Minneapolis are distinctly higher than
those for the entire country. Yet in spite of the variations from
the country’s averages, the ratios in the several districts are above
or below their own seven-year levels at the same time, change
from year to year in the same direction and by much the same
rates, and describe the same long-period trends.

(2) Ratios of Time Deposits to Total Deposits

Time deposits, measured in terms of the earning assets of all
member banks in the respective Federal Reserve districts, increased
 at a diminishing rate during the years 1919 to 1925. When
measured as proportions of total deposits they also increased
during these years. It is the norms and trends of deposits measured
 in this latter manner with which this section of the discussion
 has to do, the ratios themselves being given in Table 43.

12 For a statement of the basis upon which this chart is drawn and of the way
it should be interpreted, see page 21.