SERIES CORRELATED WITH DEPOSITS 185
TABLE 114
NET PERCENTAGE CHANGES FROM YEAR To YEAR IN RATIOS
CORRELATED WITH CORRESPONDING CHANGES IN RATIOS OF
DEMAND DEPOSITS TO ToTAL DEPOSITS AND OF LOANS
AND DISCOUNTS To EARNING ASSETS, 1919-1925
RATIOS:
Demand
Deposits
to Total
Deposits
[ncreasing
Decreasing
Average
RATIOS:
~oans and
Discounts
to
Earning
Assets
iverage
ncreasing
decreasin—
verage
creasing
Yarraaninme
\verage
ncreasing
decreasing
Number
of
District-Years
NET PrRRCENTAGF MIANGFS PROM VFAR TO YEAR
RATIOS:
Gross Earnings
to
Farnine Assets
RATIOS:
Total Expense
to
Earning Assets
RaTI0S:
Net Earnings
to
Earning Assets
1Y ]
-2.12
— > 40
em
1.17
+10.62
-
5
~
districts having demand deposits below and loans and discounts
above their average district levels; while net earnings are highest
in districts having both series above these levels. Except for
net earnings, where the differences are slight, the same conditions
obtain for these series of data when the net differences from their
district averages are determined for paired variable amounts of
demand deposits and loans and discounts both in terms of
earning assets.3
In Table 113, year-to-year changes between 1919 and 1923,
for ratios of demand deposits to total deposits, are classified by
percentage amounts and directions, and for each of such classes
the net percentage changes are determined for related series, the
method being the same as that previously used. If attention is
directed to the three series, gross earnings, total expense, and net
earnings, it is found that the relations between the ratios in each
of them and ratios of demand deposits are the same as those
indicated by the total lines in Table 111. Moreover, changes
in the ratios of gross earnings and of total expense are related
in the same manner to ratios of demand deposits to total deposits
as they are to ratios of demand deposits to earning assets.* That
is, the types of relations between demand deposits and gross earn-"
3Gee Table 107, page 177.
¢ See Table 108, page 178.
