TIX 
NORMS AND TRENDS IN EARNING ASSETS 
I. INTRODUCTION 
“EARNING ASSETS,” as used in this study, consist of the total of 
(1) loans, discounts, and overdrafts,! and (2) investments of all 
member banks in each of the Federal Reserve districts. The 
amounts for each of the years 1919-1925,2 inclusive, are the av- 
erages of the totals reported for December 31 and June 30— 
December 31 for the year preceding, and June 30 for the year 
to which all comparisons and statistics relate. That is, the amounts 
TABLE 1 
NuMBER oF MEMBER BANKS IN THE FEDERAL RESERVE SYSTEM 
BY DISTRICTS AND YEARS, 1019-1025 
FEDERAL RESERVE DISTRICTS 
Total 
Boston...... 
New York... 
Philadelphia. 
Cleveland... 
Richmond... 
Atlanta. ..,. 
Chicago..... 
5t. Louis. ....... 
Minneapolis. . . 
Kansas City....... .. 
Dallas. ................. 
San Francisco. . 
1910 
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"Soutoe: Federal ” Reserve “Bulletin 
1 The Federal Reserve Board classifies loans as follows: Those secured by United 
States Government obligations; other stocks and bonds; real estate mortgages or 
other real estate liens; and all other loans. Investments are specified by classes as 
follows: (1) domestic securities, which include United States Government securi- 
ties, state, county, and municipal bonds, and all other bonds, stock of Federal Re- 
serve banks, stock of other corporations, other domestic securities; and (2) foreign 
securities, which consist of bonds of foreign governments, and other foreign bonds 
and securities, including those of municipalities. 
2 For the years of 1924 and 1925, ending June 30, the amounts are averages of 
the reported figures on call dates.