364

BANKING STANDARDS

for banks in each of the twelve districts, classified according to
the size of the cities in which they are located, the summaries in
Tables 205 to 207, inclusive, have been prepared.
Table 205 shows that, relative to the “all district” levels on
quarterly call dates from 1923 to 1926, the rates charged by
banks tended to be “low” in Districts 1, 2, 3, 4, 5, and 7, and
“high” in the others. This is the general condition without respect
 to the size of the cities in which the banks are located.
When account is taken of city size, geographical differences are
less marked in the large than in the small cities.

TABLE 203

NUMBER OF CiTy-AVERAGE RATES ON CustoMERrs’ PAPER REDIS-COUNTED
 WITH FEDERAL RESERVE BANKS, ABOVE, BELOW, OR
EQUIVALENT T0 THE AVERAGE RATES FOR THE RESPEC-TIVE
 CrTy-GRoOUPS, ON QUARTERLY CALL DATES,
1923 TO 1926, FOR ALL MEMBER BANKS

DisTrICTS

DIFFERENCES OF AVERAGE RATE IN EACH DistRICT COMPARED WITH THE
Crry-GrouP For ALL DISTRICTS
Number of Average Rates on Call Dates

ota’

Cities: Under
15,000

Cities: 15,000
and under 100.000

Cities:
100.000 ahd over

hr

Boston........,
New York. ...
Philadelphia. ..
Cleveland. . ...
Richmond.....
Atlanta. ......
“hicago.......
it. Louis. .....
Minneapolis. .
Kansas City. .
Dallas. ......
San Franciera

x

,

i
4
x
1
4
2

Not only are there district differences in the rates charged by
banks on customers’ paper which is rediscounted, but there are
differences for banks by size of city of location within each district,
 and these differences tend to be of the same type. In
general, the rates are highest in the small and lowest in the large
cities in each district at each call date. A summary of the types
of difference between the rates for banks in cities of different
size by districts is contained in Table 206. Eighty-four per cent
of the call-date rates—i148 out of 176—were lower in cities
with population of 15,000 to 100,000, than were those on the