NOTE: THIS DATA FILE WILL CHANGE! To improve accessibility of data for all users, we will convert this file from a text format to an html table by the end of June 2024. Title: Deflated Bank Clearings Outside New York City for United States Series ID: M1218AUSM144SNBR Source: National Bureau of Economic Research Release: NBER Macrohistory Database (Not a Press Release) Seasonal Adjustment: Seasonally Adjusted Frequency: Monthly Units: Millions of Dollars Date Range: 1875-01-01 to 1919-12-01 Last Updated: 2012-08-17 3:31 PM CDT Notes: Series Is Presented Here As Three Variables--(1)--Seasonally Adjusted Data, 1875-1919 (2)--Original Data, 1928-1939 (3)--Seasonally Adjusted Data, 1919-1939. Data Were Computed By Business Cycle From Macaulay'S Logs. The Figures Appear In The Source In Table 30, Column 1. Source: F.R. Macaulay, "The Movements Of Interest Rates, Bond Yields And Stock Prices In The U.S. Since 1856, " NBER Publication #33, 1938. This NBER data series m12018a appears on the NBER website in Chapter 12 at http://www.nber.org/databases/macrohistory/contents/chapter12.html. NBER Indicator: m12018a DATE VALUE 1875-01-01 30.90 1875-02-01 31.99 1875-03-01 35.24 1875-04-01 33.27 1875-05-01 31.92 1875-06-01 36.73 1875-07-01 32.43 1875-08-01 34.91 1875-09-01 31.70 1875-10-01 30.62 1875-11-01 35.97 1875-12-01 32.43 1876-01-01 33.19 1876-02-01 32.96 1876-03-01 35.97 1876-04-01 31.05 1876-05-01 32.58 1876-06-01 34.99 1876-07-01 31.92 1876-08-01 35.48 1876-09-01 32.43 1876-10-01 31.12 1876-11-01 33.42 1876-12-01 33.50 1877-01-01 31.70 1877-02-01 33.19 1877-03-01 33.81 1877-04-01 31.99 1877-05-01 35.73 1877-06-01 30.34 1877-07-01 31.84 1877-08-01 33.27 1877-09-01 33.57 1877-10-01 32.36 1877-11-01 34.12 1877-12-01 32.73 1878-01-01 36.39 1878-02-01 31.48 1878-03-01 29.58 1878-04-01 30.90 1878-05-01 33.11 1878-06-01 30.20 1878-07-01 35.48 1878-08-01 30.97 1878-09-01 34.12 1878-10-01 35.73 1878-11-01 30.69 1878-12-01 31.05 1879-01-01 34.44 1879-02-01 34.59 1879-03-01 32.29 1879-04-01 38.37 1879-05-01 34.99 1879-06-01 35.89 1879-07-01 40.64 1879-08-01 34.91 1879-09-01 37.84 1879-10-01 46.45 1879-11-01 42.46 1879-12-01 42.66 1880-01-01 44.57 1880-02-01 44.26 1880-03-01 45.50 1880-04-01 45.60 1880-05-01 42.27 1880-06-01 41.78 1880-07-01 43.55 1880-08-01 43.35 1880-09-01 43.05 1880-10-01 41.69 1880-11-01 47.10 1880-12-01 50.00 1881-01-01 48.08 1881-02-01 50.58 1881-03-01 48.75 1881-04-01 49.77 1881-05-01 53.09 1881-06-01 58.75 1881-07-01 49.54 1881-08-01 58.21 1881-09-01 56.62 1881-10-01 53.95 1881-11-01 52.36 1881-12-01 53.46 1882-01-01 50.58 1882-02-01 50.82 1882-03-01 50.82 1882-04-01 51.17 1882-05-01 50.82 1882-06-01 51.76 1882-07-01 53.21 1882-08-01 53.46 1882-09-01 55.46 1882-10-01 51.40 1882-11-01 53.95 1882-12-01 51.52 1883-01-01 53.46 1883-02-01 53.83 1883-03-01 53.95 1883-04-01 51.29 1883-05-01 54.32 1883-06-01 56.11 1883-07-01 54.45 1883-08-01 56.10 1883-09-01 54.08 1883-10-01 54.33 1883-11-01 52.72 1883-12-01 53.70 1884-01-01 54.20 1884-02-01 53.46 1884-03-01 53.09 1884-04-01 56.10 1884-05-01 56.49 1884-06-01 49.09 1884-07-01 50.00 1884-08-01 49.09 1884-09-01 49.43 1884-10-01 48.75 1884-11-01 46.24 1884-12-01 51.05 1885-01-01 51.29 1885-02-01 48.08 1885-03-01 48.53 1885-04-01 51.05 1885-05-01 48.64 1885-06-01 52.48 1885-07-01 54.83 1885-08-01 50.82 1885-09-01 53.21 1885-10-01 55.21 1885-11-01 57.28 1885-12-01 58.61 1886-01-01 55.98 1886-02-01 58.34 1886-03-01 60.67 1886-04-01 56.75 1886-05-01 55.46 1886-06-01 60.26 1886-07-01 62.66 1886-08-01 60.95 1886-09-01 62.52 1886-10-01 60.81 1886-11-01 64.57 1886-12-01 66.37 1887-01-01 62.95 1887-02-01 65.31 1887-03-01 71.45 1887-04-01 70.31 1887-05-01 69.18 1887-06-01 74.99 1887-07-01 68.39 1887-08-01 69.66 1887-09-01 70.15 1887-10-01 66.37 1887-11-01 70.63 1887-12-01 66.99 1888-01-01 65.77 1888-02-01 67.76 1888-03-01 65.77 1888-04-01 67.14 1888-05-01 69.82 1888-06-01 68.55 1888-07-01 68.87 1888-08-01 71.62 1888-09-01 69.82 1888-10-01 75.51 1888-11-01 70.96 1888-12-01 71.78 1889-01-01 74.30 1889-02-01 74.99 1889-03-01 74.13 1889-04-01 72.28 1889-05-01 74.99 1889-06-01 74.13 1889-07-01 78.70 1889-08-01 76.38 1889-09-01 74.13 1889-10-01 78.89 1889-11-01 77.98 1889-12-01 76.91 1890-01-01 82.60 1890-02-01 81.28 1890-03-01 82.04 1890-04-01 85.11 1890-05-01 90.57 1890-06-01 86.10 1890-07-01 89.13 1890-08-01 88.31 1890-09-01 89.74 1890-10-01 89.33 1890-11-01 86.90 1890-12-01 82.22 1891-01-01 83.37 1891-02-01 82.99 1891-03-01 80.54 1891-04-01 85.11 1891-05-01 81.66 1891-06-01 82.60 1891-07-01 86.50 1891-08-01 86.70 1891-09-01 95.06 1891-10-01 88.31 1891-11-01 86.50 1891-12-01 87.50 1892-01-01 87.10 1892-02-01 94.41 1892-03-01 91.41 1892-04-01 89.33 1892-05-01 87.50 1892-06-01 94.41 1892-07-01 91.83 1892-08-01 95.72 1892-09-01 96.38 1892-10-01 93.54 1892-11-01 96.38 1892-12-01 98.40 1893-01-01 97.72 1893-02-01 99.08 1893-03-01 97.95 1893-04-01 95.72 1893-05-01 97.27 1893-06-01 87.30 1893-07-01 81.28 1893-08-01 69.50 1893-09-01 73.28 1893-10-01 74.64 1893-11-01 79.07 1893-12-01 79.25 1894-01-01 81.10 1894-02-01 76.56 1894-03-01 79.62 1894-04-01 78.70 1894-05-01 81.47 1894-06-01 79.98 1894-07-01 79.25 1894-08-01 86.10 1894-09-01 83.37 1894-10-01 85.31 1894-11-01 85.11 1894-12-01 84.92 1895-01-01 87.30 1895-02-01 80.72 1895-03-01 84.72 1895-04-01 88.10 1895-05-01 90.78 1895-06-01 88.92 1895-07-01 95.28 1895-08-01 91.62 1895-09-01 89.54 1895-10-01 97.05 1895-11-01 93.33 1895-12-01 92.90 1896-01-01 88.92 1896-02-01 87.10 1896-03-01 85.31 1896-04-01 88.31 1896-05-01 85.70 1896-06-01 88.31 1896-07-01 90.36 1896-08-01 81.47 1896-09-01 83.37 1896-10-01 84.33 1896-11-01 84.53 1896-12-01 87.70 1897-01-01 82.22 1897-02-01 84.92 1897-03-01 84.92 1897-04-01 85.90 1897-05-01 83.95 1897-06-01 88.92 1897-07-01 93.11 1897-08-01 96.38 1897-09-01 104.47 1897-10-01 96.16 1897-11-01 99.54 1897-12-01 99.54 1898-01-01 98.17 1898-02-01 103.75 1898-03-01 101.86 1898-04-01 97.27 1898-05-01 97.95 1898-06-01 103.04 1898-07-01 94.62 1898-08-01 103.99 1898-09-01 103.04 1898-10-01 100.69 1898-11-01 107.15 1898-12-01 112.20 1899-01-01 114.82 1899-02-01 120.23 1899-03-01 125.03 1899-04-01 117.76 1899-05-01 120.23 1899-06-01 120.23 1899-07-01 118.03 1899-08-01 121.34 1899-09-01 124.74 1899-10-01 120.78 1899-11-01 119.95 1899-12-01 118.58 1900-01-01 115.08 1900-02-01 115.88 1900-03-01 116.14 1900-04-01 114.82 1900-05-01 116.68 1900-06-01 118.30 1900-07-01 114.82 1900-08-01 116.68 1900-09-01 112.98 1900-10-01 117.76 1900-11-01 120.50 1900-12-01 119.95 1901-01-01 126.47 1901-02-01 125.89 1901-03-01 127.64 1901-04-01 138.68 1901-05-01 141.25 1901-06-01 134.28 1901-07-01 135.83 1901-08-01 136.46 1901-09-01 128.82 1901-10-01 134.90 1901-11-01 134.59 1901-12-01 130.92 1902-01-01 139.00 1902-02-01 135.21 1902-03-01 134.90 1902-04-01 143.55 1902-05-01 141.91 1902-06-01 131.52 1902-07-01 144.88 1902-08-01 136.14 1902-09-01 144.54 1902-10-01 140.60 1902-11-01 134.28 1902-12-01 136.77 1903-01-01 140.93 1903-02-01 139.00 1903-03-01 136.46 1903-04-01 141.91 1903-05-01 138.04 1903-06-01 146.56 1903-07-01 147.91 1903-08-01 139.32 1903-09-01 142.89 1903-10-01 142.89 1903-11-01 134.59 1903-12-01 139.00 1904-01-01 135.52 1904-02-01 138.36 1904-03-01 138.36 1904-04-01 137.72 1904-05-01 132.43 1904-06-01 139.64 1904-07-01 137.72 1904-08-01 143.22 1904-09-01 147.57 1904-10-01 144.88 1904-11-01 155.96 1904-12-01 155.24 1905-01-01 145.21 1905-02-01 150.31 1905-03-01 157.04 1905-04-01 154.52 1905-05-01 160.32 1905-06-01 159.59 1905-07-01 153.82 1905-08-01 161.44 1905-09-01 162.18 1905-10-01 159.22 1905-11-01 166.34 1905-12-01 167.49 1906-01-01 174.58 1906-02-01 171.79 1906-03-01 168.27 1906-04-01 161.44 1906-05-01 165.96 1906-06-01 168.66 1906-07-01 164.82 1906-08-01 171.40 1906-09-01 165.58 1906-10-01 176.20 1906-11-01 177.01 1906-12-01 171.00 1907-01-01 178.65 1907-02-01 178.65 1907-03-01 177.42 1907-04-01 177.83 1907-05-01 182.39 1907-06-01 175.39 1907-07-01 182.39 1907-08-01 180.72 1907-09-01 173.78 1907-10-01 187.07 1907-11-01 147.23 1907-12-01 139.64 1908-01-01 155.24 1908-02-01 151.01 1908-03-01 153.46 1908-04-01 155.60 1908-05-01 154.52 1908-06-01 157.76 1908-07-01 165.20 1908-08-01 158.86 1908-09-01 169.04 1908-10-01 164.82 1908-11-01 168.66 1908-12-01 173.38 1909-01-01 171.40 1909-02-01 174.20 1909-03-01 178.60 1909-04-01 181.60 1909-05-01 176.20 1909-06-01 183.70 1909-07-01 184.10 1909-08-01 185.80 1909-09-01 189.70 1909-10-01 187.90 1909-11-01 191.90 1909-12-01 194.50 1910-01-01 189.70 1910-02-01 191.00 1910-03-01 198.60 1910-04-01 193.60 1910-05-01 185.80 1910-06-01 191.90 1910-07-01 189.20 1910-08-01 187.90 1910-09-01 188.40 1910-10-01 185.80 1910-11-01 191.40 1910-12-01 192.80 1911-01-01 19.05 1911-02-01 187.90 1911-03-01 192.80 1911-04-01 186.20 1911-05-01 194.10 1911-06-01 196.30 1911-07-01 190.50 1911-08-01 195.00 1911-09-01 197.20 1911-10-01 187.90 1911-11-01 195.90 1911-12-01 193.60 1912-01-01 196.80 1912-02-01 201.80 1912-03-01 197.20 1912-04-01 204.60 1912-05-01 204.60 1912-06-01 194.50 1912-07-01 203.20 1912-08-01 208.00 1912-09-01 201.80 1912-10-01 213.30 1912-11-01 209.40 1912-12-01 205.60 1913-01-01 214.30 1913-02-01 215.80 1913-03-01 202.30 1913-04-01 207.50 1913-05-01 208.00 1913-06-01 205.10 1913-07-01 208.40 1913-08-01 203.20 1913-09-01 210.90 1913-10-01 212.80 1913-11-01 202.30 1913-12-01 209.40 1914-01-01 212.30 1914-02-01 208.40 1914-03-01 207.00 1914-04-01 210.90 1914-05-01 200.00 1914-06-01 207.50 1914-07-01 211.30 1914-08-01 190.50 1914-09-01 189.70 1914-10-01 186.60 1914-11-01 183.70 1914-12-01 190.10 1915-01-01 193.20 1915-02-01 201.80 1915-03-01 203.20 1915-04-01 204.60 1915-05-01 200.00 1915-06-01 204.20 1915-07-01 204.20 1915-08-01 199.50 1915-09-01 208.00 1915-10-01 210.90 1915-11-01 225.90 1915-12-01 229.10 1916-01-01 220.30 1916-02-01 231.70 1916-03-01 233.30 1916-04-01 224.90 1916-05-01 238.80 1916-06-01 235.00 1916-07-01 230.10 1916-08-01 243.20 1916-09-01 246.60 1916-10-01 247.70 1916-11-01 256.40 1916-12-01 250.00 1917-01-01 255.30 1917-02-01 252.90 1917-03-01 257.60 1917-04-01 252.90 1917-05-01 257.60 1917-06-01 248.90 1917-07-01 246.60 1917-08-01 257.60 1917-09-01 247.70 1917-10-01 266.70 1917-11-01 279.90 1917-12-01 255.30 1918-01-01 256.40 1918-02-01 255.90 1918-03-01 269.20 1918-04-01 276.70 1918-05-01 279.90 1918-06-01 269.80 1918-07-01 282.50 1918-08-01 292.40 1918-09-01 274.20 1918-10-01 282.50 1918-11-01 271.60 1918-12-01 263.00 1919-01-01 278.60 1919-02-01 275.40 1919-03-01 266.70 1919-04-01 270.40 1919-05-01 287.80 1919-06-01 296.50 1919-07-01 306.20 1919-08-01 303.40 1919-09-01 305.50 1919-10-01 298.60 1919-11-01 295.80 1919-12-01 309.80