NORMS AND TRENDS IN DEPOSITS 49 
their ratios most markedly varying are Philadelphia, Cleveland, 
Dallas, and San Francisco. The districts with the ratios most 
distinctly below those for the country are Cleveland, Richmond, 
Chicago, Minneapolis, and San Francisco; those with ratios most 
noticeably above those for the country are New York, and Dallas. 
In spite of the differences in rates of change for the various 
districts, when compared with each other, a high degree of simi- 
larity obtains. District percentages are more like each other 
(1) in the time at which they are above or below their own 
seven-year averages, and (2) in the direction and rates of change 
from year to year, than are the several district ratios like those 
for the country as a whole. 
The immediately foregoing discussion relates to the ratios of 
demand deposits to earning assets, and to the nature and per- 
centage amounts of change characterizing them during the years 
1919 to 1925. But demand deposits may be studied in relation 
to the total deposits of the banks in question. Such an analysis 
is given in the following section, at the close of which the norms 
and trends typical of such deposits are briefly summarized. 
(2) Ratios of Demand Deposits to Total Deposits 
For the period 1919-1925 taken as a unit, the demand deposits 
of all member banks in the Federal Reserve system constitute 
TABLE 34 
Ratios oF DEMAND DEposiTs To TotrarL Deposits IN ALL MEMBER 
BANKS, FEDERAL RESERVE SYSTEM, BY YEARS AND 
BY FEDERAL RESERVE DISTRICTS 
FEDERAL RESERVE DIsTRICTS 
— 
Average 
(All Districts) 
Boston. . .. 
New York. . 
Philadelphia 
Cleveland. . 
Richmond. . 
Atlanta... .. 
Chicago. ... 
St. Louis. . .. 
Minneapolis. . 
Kansas City. . . 
Dallas.......... oe. 
San Francisco. .............. 
Average 
(1919- 
rose) 
£. 
1 
Summ 
- 
82.10 
§5.33 
RATIOS OF DFraNy Dr-nsrre 7 Total DEPOSITS 
1019 ' 1020 I 1021 
1922 
1923 
1024 
nb a2 
ma ar NER <1 
66 Rv 1 64 Re 
£- 
aL 
82.44 
89.00 
12 32 
© 74 
FPN 
30.20 
86 06 
72 40 
6 9 
6: ~ 
62 
6c 
"T-: 
52 9° 
76.88 
87.90 
50.0I 
74.22 
83.14 
68.42 
59.72 
50.14 
£; “7 
.60 
Io 22 
65 i 
ef 
68.96 
76.47 
63.88 
LT 46 
66.26 
75 o7 
fo. 3s 
53 
23 
.C 
"0 
fi8 
56.95 
77.54 
87.40 
73.80 
19.39 
73.30 
2.4 
os 8g 
72.40 
80.566 
$3.03 
.1.51 
80.04 
54.08 
7 
v3 
(2.4¢ 
-— 
a— 
1028 
62.40 
64.46 
74.29 
58.04 
51.37 
53.31 
60.901 
55.58 
59.77 
49.28 
"1.47 
18.83 
20.067