16

BANKING STANDARDS

suggested by the expression “a fictitious substitute.” It does not
serve accurately to characterize the average amounts paid by the
separate districts during the period 1919 to 1925, nor to describe
the yearly average amounts spent by the combined districts.18
These facts are apparent from Table 78 and from Chart 26.
CHART 26

Di1sTRIBUTION OF YEARLY DisTrIcT RATIOS OF INTEREST AND Dis-COUNTS
 ON BorrROWED MoNEY TO EARNING Assets, ALL MEMBER
Banks, 1919-1925
(Ratios based on $1,000)

Per Cont

15 20 05 Number
. be! dew Cases
Under 1
J and under 2
2 and under 3
3 and under 4
4 and under §
5and under 6 a
f and under 7 A —.
and under 8 Taal
Band undor9 [nea
3 and over ol

A

If the 84 amounts for the individual years and districts given
in Table 78 are distributed, as in Chart 26, it is found that (1)
they’ range from less than $1.00 to more than $9.00; (2) the
most common amounts fall in the group $2.00 to $3.00; and (3)
the form of distribution “tails off’ to the upper groups. It is
apparent. from Table 78 that the instances in the upper groups
apply primarily to the early and middle years, and those in the
lower groups to the later years. Moreover, certain of the districts
 supply the cases for the upper as do others of them for
the lower groups. Accordingly, the amounts for the districts and
years should be presented in other ways. Such a presentation,
18 Except for the year 1923.