GROSS EARNINGS IN DISTRICT I 281 
These tables show that (1) banks having high or low ratios 
of gross earnings to earning assets have high or low ratios, 
respectively, of total expense and of net earnings to earning 
assets, and (2) the higher or lower the ratios of the first type, 
the higher or lower those of the other types. To the first gen- 
eralization there are no exceptions as the data are classified; to 
the second, the two exceptions apply to the groups with few 
frequencies. 
But the detail in Table 159 and the averages in Table 160 
refer to the experience of the entire number of member banks 
in the two years 1924 and 1925. Space is not available in which 
to present similar tables for all of the banks for the separate 
years and for the various groups of banks for the individual and 
combined years. Suffice it to say that the relations presented 
above are repeated with substantial uniformity for each 
yearly- and group-class. Indeed, the relations obtain irrespective 
of the averages that are used as bases for computing the devia- 
tions, of the way in which the deviations are expressed—i.e., abso- 
lutely or relatively, and of the number of banks included—i.e., 
the entire membership or any part. 
TABLE 160 
CORRELATION OF DEVIATIONS OF RATIOS IN PAIRED SERIES—M EMBER 
Banks, BosToN FEDERAL RESERVE DISTRICT, 1924 AND 1925 
(Percentage Deviations from Respective Yearly Averages for the 
Respective Volume-Groups. See page 270.) 
Position 
INDEPENDENT VaARIABLE—Ratioe of 
(Giross Earnings to Earning As~~*~ 
Distance from Avera 
Percent» 
Cronne 
“verage 
-rcentage 
Number | 
of 
3ank- 
Years 
DEPENDENT VARIABLES—Net 
Average Percentage 
Tatal Expense to 
Tarning 
Aseetg 
“Tet Earnings 
o Earning 
Assets 
Total 
Ahove 
Ralow 
10 and over 
jo and under 40 
10 and under 30 
o and under 20 
Inder 1a 
Under 1 
to and under 20 
10 and under 30 
jo and under 40 
sn and aver 
~f 
id 
- 
SC 
-*n Q 
-— TX .0 
*332 bark-years 
t212 bank-veare