CHART 49

DisTrRIBUTION OF RATIOS OF NET EARNINGS TO EARNING ASSETS WITH
REFERENCE TO VARIABLE RATIOS OF GROSS EARNINGS AND OF
ToTAL EXPENSE To EARNING AssETs, MEMBER BANKS,
BosToN FEDERAL RESERVE DISTRICT, 1924 AND 1925
Ratios: Total Expense to Earning Assets ‘
Average Below

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Net Exnings Faties |
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