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AN ANALYSIS OF BANKERS BALANCES IN CHICAGO 51 
n the national banks of Chicago as a whole is evidenced from 
t that 8 of the 35 banks at the beginning of 1927 reported 99 
t of all the bankers’ deposits held by the national banks. There 
ger degree of concentration of bankers’ deposits than individual 
en though the number of state banks of Chicago including trust 
lies exceeds several times that of the national banks, the aggre- 
nkers’ deposits held by them are considerably less than those 
the national banks. In 1900 bankers’ deposits held by the state 
weraged 12 per cent of the total in all Chicago banks; in 1910, 
cent; in 1920, not quite 18 per cent; and in 1925. approximately 
cent. 
le funds which state banks as a whole had on deposit in other 
throughout the period under study exceeded the volume of 
3’ deposits held by the banks. The reverse situation prevailed in 
¢ of the national banks. 
ate banks show a greater concentration of bankers’ balances in a 
ly few banks than do the national banks. At the beginning of 
bout 58 per cent of the 185 state banks reported no bankers’ 
S. Ten banks held almost 96 per cent of the aggregate reported 
he state banks. 
ie secular trend—i.e., long time tendency—of bankers’ deposits 
the central reserve city banks of Chicago during the twenty-six 
Inder study was for the most part upward, although the curve 
into a parabola. 
) pronounced seasonal movement in the bankers’ deposits held 
central reserve city banks of Chicago was found in the period 
- There appeared, however, a rather persistent upward move- 
1 the spring, followed by a decline of about the same amount in 
nmer. Ratios of the actual figures to the trend were computed 
four seasons each year, and it was found that the spring ratios 
*d those of the winter in nineteen of the twenty-six years under 
The summer decline took place in twenty of the twenty-six 
From summer to fall and from fall to winter little or no regular 
ent could be detected. An analysis of the movement of bankers’ 
s held by the same group of banks in New York reveals some- 
'f the same tendency except that in the summer the movement 
ward; a decline took place in the fall and the resulting level was 
ned through the winter season. 
is to be noted, in the case of individual deposits held by the 
Teserve city banks of both Chicago and New York, that in 
‘ng a decline took place instead of the increase which char- 
®d the movement of bankers’ deposits in both cities. The Chi- 
anks show that individual deposits made a recovery in summer 
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