NORMS AND TRENDS IN DEPOSITS 67 
former relating to the year-to-year changes in ratios of time de- 
posits to total deposits, and the latter to ratios of demand deposits 
to total deposits. 
Table 47 shows consistency among the respective districts in 
the direction of change characterizing the ratios of time deposits 
to total deposits. Table 48 indicates as striking consistency in 
the positions held by districts relative to the averages for the 
country as a whole. Boston, New York, Kansas City, and Dal- 
las, for the entire seven years, are below, while the remaining 
districts (except Philadelphia, in 1920) are above the country’s 
averages. If, as determined in this manner, districts are rela- 
tively low in one year, they are low throughout all of the years; 
conversely, if they are high, they remain high. Such a condition 
might be accounted for by the wide differences between the dis- 
trict ratios and those for the country, or by similarities of change 
from year to year. It will be seen later that it is primarily due 
to the uniformities of the rates of change. An explanation for 
such similarity will be offered in due course. 
The signs in Table 48 are, of course, the opposite of those in 
Table 39. That is, those districts which have high or low ratios 
of time deposits to total deposits have low or high ratios of de- 
mand deposits to total deposits, and vice versa. 
Chart 14 graphically presents the ratios of time deposits to 
total deposits for the respective years and districts. It is drawn 
TABLE 48 
PERCENTAGE DIFFERENCES OF DISTRICT AVERAGES OF RATIOS OF 
TiMe Deposits 10 ToraL Deposits For ALL MEMBER 
BANKS, FEDERAL RESERVE SYSTEM, FROM AVERAGES 
FOR THE COUNTRY AS A WHOLE 
FepERAL 
RESERVE 
DISTRICTS 
Boston. ..... 
New York. .. 
Philadelphia.. 
Cleveland... . 
Richmond... 
Atlanta...... 
Chicago. .... 
St. Louis. . . . 
Minneapolis. . 
Kansas City.. 
Dallas. ...... 
San Francisco 
Average 
1919-25) 
=TI.7¢ 
~39.1( 
Ls.1c 
Lio.96 
“5.71 
11.10 
r3o0.of 
} 8.99 
t50.80 
—18.16 
—45.27 
F36.56 
PERCENTAGE DIFFFRENCES *20M THE COUNTRY’ AVERAGES 
— 
1010 
10320 
1021 
1022 
1023 
1024 
1928 
-..53 
—53.72 
+ 4.66 
+46.14 
+31.03 
$19.67 
60.3: 
$rs5.c 
+8» - 
—- 
—46.5. 
+13.18 
6 
LI 
Zihas 
~ x 
+34. ] 
be. 
—+(.12 
~46.46 
+ 0.29 
+27.01 
kc6. 58 
+s Ra 
—~14.4 
-~40.88 
+ 3.82 
430.58 
+30.52 
t14.52 
19.44 
+10.7- 
+53. 
—16.84 
—42.33 
+38.8 
-I11.7¢ — 6.66 
—33.14 =—32.51 
t 32.64 + 7.34 
+126.57 +28.50 
24.7 ‘aaz.01 
L. Ray 4 8.af 
Par,61  'eal3n 
sot kgf 
+45.87 +c 31 
—19.04  =—1%. go 
—43.28 —42.94 
430.58 . +28.72 
-— ©. 48 
-31.62 
+11.50 
+129.33 
424.17 
+ 3.96 
+18.14 
+ 6.99 
+34.80 
—324.12 
—43.70 
+33.8% 
“* 
5¢ 
-. .28 
+48.15% 
2 
"00 
~r5.31 
—44.17 
+43.38