NORMS AND TRENDS IN DEPOSITS 35 
this uniformity should obtain. From an arithmetical point of view, 
judged by the manner in which the differences from the level are 
measured, a random order of relative positions, as in 1922, could 
have characterized each year. The interesting fact is that this 
is not the case. Consistency is the rule, and this suggests the 
hypothesis, later to be examined, that the economic conditions 
prevalent at a given time tend to be experienced in much the same 
manner by all districts, different as they are geographically and 
varying as they do functionally with respect to the control and 
use of the funds placed at their disposal. 
The percentage relations between total deposits and earning 
assets, for the various districts for the years 1919 to 1925, may be 
studied further. The foregoing tables relate to the nature (plus 
and minus) and percentage amounts by which the ratios deviate 
from the seven-year district levels. The district ratios were low 
in 1919, 1920, and 1921, and high in 1923, 1924, and 1925. From 
these low or high levels, what were the directions and percentage 
amounts of change from one year to the next? Table 20 supplies 
the answer. 
The year 1920 was generally low, measured from the seven- 
year base; yet it was high as compared with 1919. Similarly, 1921 
was generally low, yet unlike 1920, which was also low, it was low 
when compared with 1920. All districts except two (New York 
TABLE 20 
PERCENTAGE CHANGE FROM YEAR TO YEAR OF YEARLY DISTRICT RATIOS 
oF TotaL DEPOSITS To EARNING ASSETS IN ALL MEMBER BANKS 
BY YEARS AND FEDERAL RESERVE DISTRICTS 
DracrNTAnE CHANCY wan Veas va Viear 
FEDERAL RESERVE DISTRICTS 
Average 
{All Districts) 
Boston. . .. 
New York. . 
Philadelphia 
Cleveland. . 
Richmond. 
Atlanta.... 
Chicago. ... 
St. Louis. . .. 
Minneapolis. . 
Kansas City. 
Dallas......... 
San Francisco..... 
ci eesaan 
“=m ve se muses 
1919 
to 
1920 
+ 1.24 
15 
-— 
+ -.59 
+10.80 
+ 7.12 
+020 
to 
104° 
7 
~ aK 
§.50 
Crm: 
IC 
In 
6 
77 
- 0.00 
-- 
- 
1 
*~ 08% 
73 
44 
2 
-—r 
yr 
43 
1.97 
vr13 
Le 
£ 
07 
da. 44 
-€, 01 
LIX 
J .AQ 
of 
07 
65 
2. 
}2.55 
1024 
to 
reas 
26 
93 
.56 
* 20 
-.%0 
74 
38 
ob 
S7 
1.8¢ 
2.62 
+5. 38 
}3.10