SERIES CORRELATED WITH DEPOSITS 203 
illustrated in Table 124. This table shows the frequencies of the 
deviations from the district levels of the paired ratios of total 
expense to gross earnings and of time deposits to total deposits, 
the positions of the ratios for the Boston district each year being 
distinguished from those for all districts. The numerals refer 
to all districts; the letters to the Boston district. The alignment 
of the frequencies indicates that the series are positively corre- 
lated. That is, districts with high (or low) ratios of time deposits 
have high (or low) ratios of total expense. For the twelve dis- 
tricts for the seven years, there are fifteen district-years in which 
this was not the case; for the Boston district alone, there are no 
exceptions to the rule. 
Table 125 shows inverse correlation between ratios of time 
deposits to total deposits and ratios of net earnings to earning 
assets for the country as a whole and for the member banks in 
the Boston district. Similar analyses of ratios of interest on de- 
TABLE 125 
NUMBER OF Di1sTRI¢T-YEARS IN WHICH MEMBER Banks Hap RATIOS 
oF TIME DEPosITS AND RATIOS OF NET EARNINGS DEVIATING 
CLASSIFIED PERCENTAGE AMOUNTS FROM DISTRICT 
AVERAGES, 1QIQ-1Q25%* 
RATIOS! 
Time Deposits to Total Deposits 
(Percentage Differences) 
RATIOS: 
Net Earnings to Earning Assets 
(Percentage Diflerences) 
ee —— 
Position 
Amount 
1 00 
and 
NYT OP 
“ave 
J 
vr An 
Inder 
1. en 
Palow 
15.00 
and 
over 
20.00 and over 
Above 
ee pps 
10.00 t0 20.00 
Under 10.00 
ee— 
Under 10.00 
Relow 
10.00 to 20.0 
20.00 and ove- 
*Boston district: a=1010; b=1920; c=1021; d=1923; e=1023;f=1024: =107%.