24 
Trends 
BANKING STANDARDS 
1. Compared with the preceding year, ratios predominantly 
rose in 1920, 1921, and 1924; and predominantly fell in 1922, 
1923, and 1925. 
2. Ratios which are high, relative to the seven-year average for 
the district to which they apply, generally tend to decrease the 
following year; those which are low, when measured in the same 
manner, tend to increase, 
3. The net percentage amounts of rise or of fall from year to 
year vary directly with the percentage amounts of dispersion from 
the seven-year averages. 
4. The trend in the ratios was consistently upward from 1919 
lo 1921; from 1921 to 1923, it was generally downward. 
(2) Ratios of Investments to Earning Assets 
The ratios of investments to earning assets for the years 1919 
to 1925 for each and for all of the districts combined and for the 
combined years for each of the twelve districts are given in Table 
12. The amounts are the complements of those for loans and 
discounts to earning assets—the two ratios for each year and 
district equaling 100. 
The average ratio of investments to earning assets for the com- 
TABLE 12 
RATIOS OF INVESTMENTS TO EARNING ASSETS IN ALL MEMBER 
Banks, FEDERAL RESERVE SYSTEM, BY YEARS AND 
BY FEDERAL RESERVE DISTRICTS 
FEDERAL RESERVE DISTRICTS 
Average 
(All Districts) 
3oston. ...... BH HE hin 
New York. ... RR 
<hiladelphia. . Cree 
“Cleveland. ... eee 
ichmond..... een 
stlanta........ : i 
‘hicago....... -o3 
t. Louis. ....,.. PRN 
“inneapolis. ... vn hon 
ansas City... ......... 
Jallas.......... . ........ 
San Francisco. ............. 
\verag: 
(1919- 
1925) 
28 oo 
0.77 
19.81 
19-59 
34 
CF 
77 
6.03 
RaTI0® ap INVES™= = 10 EARNING ASSETS 
I919 | 1920 
1021 
1922 1023 | 1924 
20.68 
24.03 | 24.00 
27.44 } 20.54 ° 
28 84 
«0.8% 
29.92 
42.41 
38.34 
30 26 
30 as 
0 "1 
6 93 
23 17 
22.1; 
22.4¢ 
20.78 
22.5%. 
24.36 
3.28 
2 
3% 
2 go 
: gn 
22. 
rr 
7.07 
49% 
19.70 
28.21 
32.60 
24.55 
37.14 
‘x 20 
02 
(9.f" 
0, | 
TI 
"7.42 
30.87 
40.19 
32.12 
27 04 
Ic 12 
’ ak 
209.10 
33.08 
40.73 
34.03 
22.24 
19.54 
26.45 
28.01 
22.25 
22.65 
19.06 
26.24 
20.3% 
31.08 
39.48 
33.06 
21.49 
10.14 
26.29 
22 10 
1 
a. 7 
19.0: 
25.10 
14 
J 
re 
Ls 
38. 
| 1925 
30.40 
25.93 
33.29 
40.02 
34.77 
21.53 
22.40 
27.70 
27.80 
30.20 
25.90 
73.00 
27.3*