Source: National Bureau of Economic Research  

Release: NBER Macrohistory Database  

Units:  Millions of Dollars, Seasonally Adjusted

Frequency:  Monthly

Series Is Presented Here As Two Variables--(1)--Seasonally Adjusted Data, 1875-1919 And (2)--Seasonally Adjusted Data, 1919-1933. NBER Converted Data By Multiplying Bank Debits By 86.7, The Relationship In January 1919. Source: F.R. Macaulay, The Movements Of Interest Rates, Bond Yields And Stock Prices In The U.S. Since 1856, NBER Publication #33, 1938, Table 30, Column 2.

This NBER data series m12018aa appears on the NBER website in Chapter 12 at http://www.nber.org/databases/macrohistory/contents/chapter12.html.

NBER Indicator: m12018aa