Source: National Bureau of Economic Research  

Release: NBER Macrohistory Database  

Units:  Millions of Dollars, Not Seasonally Adjusted

Frequency:  Monthly

Series Is Presented Here As Two Variables--(1)--Original Data, 1878-1914 (2)--Original Data, 1914-1949. The Form Of The Circulation Statement Was Revised Beginning December 31, 1927 So As To Exclude Earmarked Gold Coin From The Stock Of Money And Hence From Money In Circulation. Data Were Revised Back To 1914 By The Federal Reserve Board (See Banking And Monetary Statistics, P. 407). Figures Were Also Revised Beginning 1914 By Frb To Exclude The Amount Of 287 Million Dollars In Gold Coin Reported To Be In Circulation In January 1934, When That Figure Was Discontinued In The Circulation Statement, But Believed To Have Been Lost Or Melted Down Over The Years (See Banking And Monetary Statistics, P. 407). Beginning December 31, 1927, Circulation Statements Are Dated For The End Of Month Instead Of The Beginning Of The Succeeding Month, And Figures On The Revised Daily Treasury Statement Basis Instead Of Unrevised Figures Are Used. Figures Are Revised Back To 1914 By Frb. Source: Computed By NBER From U.S. Treasury Department Data: Annual Reports Of The Treasurer, 1886 And Following Years; Circulation Statements Of U.S. Money, 1887 And Following.

This NBER data series m14131b appears on the NBER website in Chapter 14 at http://www.nber.org/databases/macrohistory/contents/chapter14.html.

NBER Indicator: m14131b