TABLE V.— Correlation between (1) Call Discount Rates and (2) Percentage of Reserves on Deposits in New York Associated Banks 
( Weekly Returns). (From Statistical Studies in the New York Money Market, by J. P. Norton. Publications of the _, 
Department of the Social Sciences, Yale University ; The Macmillan Co., 1902.) Note that, after the column headed 
8 per cent., blank columns have been omitted to save space. Bo 
(1) Call Discount Rates. 
ells] 2 25 3 73 4 435] 5 |55) 6 65] 7 [75] 8 | 9 (Yo | 12) Tol | 7 Tet 
Ef. ai eo mmm eee eee me —_— me | em —— = o | — ee | Em 
21 | —R=Ia | rll re te : | = ll | | ml 2 
Shoe Si - | — J 
23 - —- en : ‘ - | Es T 
J oo : = = - 1 9 ~ 
: a 4 . 42 : 
9 —_ —_ ! 1 1 | 2 85 - 
9 - [lu ho 124 % 
0 — 5 3. 2 11 . 115 . 
2 SUE 9 [FFs ET I, ~ . 109 e 
zo 1012 (120 x = 55 . 
; > 8 10 6 ‘ I = -  — -— RN J z 
31580 ve [PTO - = i = TE : 
330 150 8 .- LSE - — zs : 
34 SEE _o ; * : 
35 - a 
36 ~ 1a = 
. 37 of 2) 
38 — 11 
39 = 2 
= 40 2 - y — [I 
“ 4 7 : - - | | = 1 
4 0 — 10 
4 : 2 
4 a = 
121 | 93 | 125 | 70 | 69 | 40 | 62 | 45 | 52 | 20 | 85 | 10 | 18 So 43 707d 3 LEE Rs,