NORMS AND TRENDS IN EXPENSES 
CHART 22 
ICC 
Di1sTRIBUTION OF YEARLY DISTRICT RATIOS OF SALARIES AND WAGES 
To EARNING ASSETS, ALL MEMBER BANKS, 1919-1925 
{ Ratios based on $1,000) 
Per Cont 
Groups 
0 
10 
15 
0 
25 
30 
Nd 
6 and under 8 
8 and under 10 
10 and under 12 
12 and under 14 
14 and under 16 
16 and under 18 
18 and under 20 
20 and under 22 
o- 
"u. 
re 
I 
et A waa. 
a. 
! wedi 
Ta 
ima SY 
Jax 
=’ J 
vary from the average ratios for the country as a whole. 
study of this chart shows the following norms and trends: 
Norms 
Number 
of 
Cases 
2 
10 
25 
18 
4 
A 
1. Salaries and wages in relation to earning assets in every 
district were below their respective district levels in 1919 and 
1920; they were above in every district in 1922, 1923,'® 1924, 
and 1925.17 That is, low and high years, respectively, were com- 
mon throughout the system. 
2. Four districts (Boston, New York, Philadelphia, Cleveland) 
have amounts below those for the country level each year from 
1919 to 19235; six districts (Atlanta, St. Louis, Minneapolis, Kan- 
sas City, Dallas, and San Francisco) have amounts above those 
for this level each year from 1919 to 1925. That is, districts 
which are low or high in a given year, relative to the average level 
for the System as a whole, retain such positions during the seven 
years under review. 
3. Districts with ratios most markedly higher than the general 
18 One exception—Boston. 
17 One exception—Minneapolis.