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.