‘06 
BANKING STANDARDS 
CHART 21 
RATIOS OF ToTAL EXPENSE TO GROSS EARNINGS 
Comparison of All Member, National, and State Bank and Trust 
Company Member Banks, by Federal Reserve Districts, 1919-1925 
(The slopes of these lines. not their vertical positions, are significant. See page 105.) 
ALL MEMBER ces NATIONAL ew = = STATE...... 
nie 1920 "2 1922 1923 1924 1925 1919 1920 1921 1922 1923 1924 192% 
AV. BOSTON — ee a. our 
AY. 
AV. 3% cevovan, 
AL 
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— aememenet tT 
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8J90 1920 1920 1022 1923 1824 192% 1918 1920 162% 1922 1923 19284 1928