EXPENSES IN DISTRICTS I AND II 
TABLE 180 
397 
AVERAGE NET CHANGE IN RATIOS OF ToTAL EXPENSE TO EARNING 
AsSETs, BY PAIRs oF YEARS, 1923-1925, MEMBER BANKS, 
NEW York FEDERAL RESERVE DISTRICT 
YEARS 
RATIOS! 
Total Expense 
to 
Earning Assets 
'First Year of Each 
Pair of Years) 
Number 
Total 
Second 
vears 
less 
rirst 
vears 
1923 and 1924 
Number 
Second 
vear 
less 
First 
vear 
1024 and 1925 
Number | 
Second 
year 
less 
First 
vear 
Total. ..... 
2 and under 3.... 
j and under 4... 
4 and under gs... 
5 and under 6. . 
6 and under 7.. 
r and over 
0,0 
to.x 
0.0 
-n.1 
-0.4 
Space is not available in which to include for the New York 
banks regression measures as provided for in (1) immediately 
above. Suffice it to say that the results are substantially identical 
with those given in Table 179. Those secured without resort to 
the use of averages as points of departure from which to measure 
deviations are given in Tables 180 and 181, the methods of 
obtaining them being identical with those used above in the case 
of the Boston district banks.!®* Table 180 shows the results 
for the separate and for the combined pairs of years; Table 181, 
those for the combined pairs for banks in cities of different 
size. 
Despite the fact that for the New York district only a sample 
of the member banks is used, regression to type obtains. It is 
generally present for the entire sample in each pair and for 
the classified members for the combined pairs of years. Small 
as are the changes, they nevertheless are present and occur 
according to a definite pattern. It is the low ratios which tend 
to rise, and the high ones which tend to fall. This is the pattern 
which is traced out from year to year not only for individual 
13 See pages 206-207.