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: Ratio of Reserves to Note and Deposit Liabilities, Federal Reserve Banks for United States Series ID: M14072USM156NNBR Source: National Bureau of Economic Research Release: NBER Macrohistory Database (Not a Press Release) Seasonal Adjustment: Not Seasonally Adjusted Frequency: Monthly Units: Percent Date Range: 1914-11-01 to 1948-12-01 Last Updated: 2012-08-20 8:31 AM CDT Notes: Ratios Through 1920 Were Computed From Monthly Averages Of Weekly Data For Reserves And Note And Deposit Liabilities. Deposit Liabilities For 1915-June 1917 Were Computed From Items Listed In Weekly Condition Statements. January And February 1921 Reserves Are For $3,300,000, The Average Daily Amount Of Gold Held Abroad By The Federal Reserve Banks. Data For 1921-1948 Are Monthly Averages Of Daily Figures. Source: Federal Reserve Board, Data For 1914-February 1921: Computed By NBER. Data For March 1921-1935: Federal Reserve Bulletins. Data For 1936-1941: Banking And Monetary Statistics. Data For 1942-1948: Unpublished Frb Data. This NBER data series m14072 appears on the NBER website in Chapter 14 at http://www.nber.org/databases/macrohistory/contents/chapter14.html. NBER Indicator: m14072 DATE VALUE 1914-11-01 104.7 1914-12-01 101.6 1915-01-01 93.8 1915-02-01 98.1 1915-03-01 92.4 1915-04-01 89.6 1915-05-01 94.0 1915-06-01 96.6 1915-07-01 94.1 1915-08-01 90.1 1915-09-01 89.3 1915-10-01 87.9 1915-11-01 88.3 1915-12-01 88.4 1916-01-01 82.1 1916-02-01 80.3 1916-03-01 77.5 1916-04-01 73.2 1916-05-01 70.0 1916-06-01 73.4 1916-07-01 71.2 1916-08-01 70.6 1916-09-01 71.8 1916-10-01 73.1 1916-11-01 74.7 1916-12-01 70.8 1917-01-01 74.4 1917-02-01 74.7 1917-03-01 78.7 1917-04-01 74.0 1917-05-01 70.2 1917-06-01 68.5 1917-07-01 79.7 1917-08-01 82.2 1917-09-01 79.0 1917-10-01 74.0 1917-11-01 66.3 1917-12-01 63.7 1918-01-01 65.0 1918-02-01 66.1 1918-03-01 64.2 1918-04-01 62.3 1918-05-01 62.0 1918-06-01 62.1 1918-07-01 59.8 1918-08-01 57.6 1918-09-01 53.2 1918-10-01 50.7 1918-11-01 50.1 1918-12-01 50.2 1919-01-01 52.3 1919-02-01 52.2 1919-03-01 51.6 1919-04-01 51.9 1919-05-01 51.8 1919-06-01 52.8 1919-07-01 50.4 1919-08-01 50.6 1919-09-01 51.1 1919-10-01 48.8 1919-11-01 46.6 1919-12-01 46.0 1920-01-01 44.7 1920-02-01 43.1 1920-03-01 42.8 1920-04-01 43.0 1920-05-01 42.6 1920-06-01 43.4 1920-07-01 43.7 1920-08-01 43.7 1920-09-01 43.2 1920-10-01 43.2 1920-11-01 43.8 1920-12-01 44.9 1921-01-01 47.6 1921-02-01 49.6 1921-03-01 50.2 1921-04-01 53.8 1921-05-01 56.4 1921-06-01 59.1 1921-07-01 61.7 1921-08-01 65.2 1921-09-01 67.4 1921-10-01 69.4 1921-11-01 71.7 1921-12-01 71.8 1922-01-01 74.7 1922-02-01 76.9 1922-03-01 77.6 1922-04-01 77.6 1922-05-01 77.6 1922-06-01 77.8 1922-07-01 78.2 1922-08-01 79.7 1922-09-01 78.0 1922-10-01 76.7 1922-11-01 76.1 1922-12-01 73.5 1923-01-01 75.0 1923-02-01 76.1 1923-03-01 75.7 1923-04-01 76.0 1923-05-01 75.9 1923-06-01 76.7 1923-07-01 76.4 1923-08-01 77.6 1923-09-01 76.4 1923-10-01 76.1 1923-11-01 76.3 1923-12-01 75.0 1924-01-01 79.2 1924-02-01 81.2 1924-03-01 80.5 1924-04-01 80.5 1924-05-01 82.7 1924-06-01 82.5 1924-07-01 82.6 1924-08-01 82.4 1924-09-01 80.1 1924-10-01 78.5 1924-11-01 77.1 1924-12-01 73.8 1925-01-01 76.2 1925-02-01 77.0 1925-03-01 76.4 1925-04-01 76.6 1925-05-01 76.8 1925-06-01 76.3 1925-07-01 76.1 1925-08-01 75.5 1925-09-01 73.8 1925-10-01 72.0 1925-11-01 71.6 1925-12-01 68.5 1926-01-01 72.5 1926-02-01 74.1 1926-03-01 74.3 1926-04-01 74.7 1926-05-01 74.9 1926-06-01 75.4 1926-07-01 74.7 1926-08-01 75.0 1926-09-01 73.6 1926-10-01 72.8 1926-11-01 73.0 1926-12-01 70.6 1927-01-01 75.6 1927-02-01 79.0 1927-03-01 79.1 1927-04-01 78.7 1927-05-01 78.7 1927-06-01 77.8 1927-07-01 77.9 1927-08-01 78.4 1927-09-01 76.5 1927-10-01 75.1 1927-11-01 72.4 1927-12-01 68.4 1928-01-01 71.2 1928-02-01 74.0 1928-03-01 73.5 1928-04-01 71.2 1928-05-01 69.5 1928-06-01 68.0 1928-07-01 68.0 1928-08-01 69.0 1928-09-01 67.6 1928-10-01 67.1 1928-11-01 66.7 1928-12-01 63.6 1929-01-01 66.8 1929-02-01 69.4 1929-03-01 70.3 1929-04-01 72.7 1929-05-01 74.4 1929-06-01 74.5 1929-07-01 73.8 1929-08-01 74.2 1929-09-01 73.5 1929-10-01 73.3 1929-11-01 70.2 1929-12-01 69.3 1930-01-01 74.4 1930-02-01 78.3 1930-03-01 80.3 1930-04-01 81.0 1930-05-01 82.6 1930-06-01 82.4 1930-07-01 82.0 1930-08-01 81.7 1930-09-01 81.4 1930-10-01 81.5 1930-11-01 81.3 1930-12-01 76.2 1931-01-01 79.0 1931-02-01 83.4 1931-03-01 84.0 1931-04-01 83.5 1931-05-01 84.4 1931-06-01 84.3 1931-07-01 84.3 1931-08-01 81.4 1931-09-01 77.5 1931-10-01 62.6 1931-11-01 63.1 1931-12-01 65.2 1932-01-01 66.5 1932-02-01 67.4 1932-03-01 69.7 1932-04-01 69.3 1932-05-01 64.8 1932-06-01 58.4 1932-07-01 56.3 1932-08-01 58.2 1932-09-01 60.0 1932-10-01 61.5 1932-11-01 62.4 1932-12-01 62.5 1933-01-01 64.3 1933-02-01 63.1 1933-03-01 51.3 1933-04-01 61.0 1933-05-01 66.7 1933-06-01 68.3 1933-07-01 68.3 1933-08-01 68.1 1933-09-01 66.7 1933-10-01 65.6 1933-11-01 64.9 1933-12-01 63.9 1934-01-01 63.5 1934-02-01 64.4 1934-03-01 67.9 1934-04-01 68.3 1934-05-01 68.8 1934-06-01 69.5 1934-07-01 69.6 1934-08-01 70.0 1934-09-01 70.0 1934-10-01 70.1 1934-11-01 70.3 1934-12-01 70.6 1935-01-01 71.3 1935-02-01 72.1 1935-03-01 72.3 1935-04-01 72.6 1935-05-01 73.0 1935-06-01 73.8 1935-07-01 74.4 1935-08-01 74.8 1935-09-01 75.1 1935-10-01 75.9 1935-11-01 76.7 1935-12-01 77.5 1936-01-01 77.9 1936-02-01 78.0 1936-03-01 78.2 1936-04-01 78.2 1936-05-01 78.3 1936-06-01 78.8 1936-07-01 79.0 1936-08-01 79.2 1936-09-01 79.4 1936-10-01 79.8 1936-11-01 80.1 1936-12-01 80.1 1937-01-01 80.2 1937-02-01 80.3 1937-03-01 80.3 1937-04-01 80.0 1937-05-01 79.6 1937-06-01 79.6 1937-07-01 79.6 1937-08-01 79.6 1937-09-01 79.9 1937-10-01 80.1 1937-11-01 80.0 1937-12-01 79.8 1938-01-01 80.1 1938-02-01 80.3 1938-03-01 80.4 1938-04-01 81.6 1938-05-01 82.5 1938-06-01 82.5 1938-07-01 82.4 1938-08-01 82.4 1938-09-01 82.3 1938-10-01 83.0 1938-11-01 83.3 1938-12-01 83.5 1939-01-01 83.8 1939-02-01 84.1 1939-03-01 84.4 1939-04-01 84.8 1939-05-01 85.3 1939-06-01 85.4 1939-07-01 85.7 1939-08-01 86.6 1939-09-01 85.3 1939-10-01 85.2 1939-11-01 85.9 1939-12-01 86.6 1940-01-01 87.2 1940-02-01 87.4 1940-03-01 87.6 1940-04-01 87.9 1940-05-01 88.2 1940-06-01 88.5 1940-07-01 89.0 1940-08-01 89.2 1940-09-01 89.4 1940-10-01 89.8 1940-11-01 90.4 1940-12-01 90.7 1941-01-01 90.9 1941-02-01 91.0 1941-03-01 91.1 1941-04-01 91.1 1941-05-01 91.1 1941-06-01 91.1 1941-07-01 91.0 1941-08-01 91.0 1941-09-01 90.9 1941-10-01 90.9 1941-11-01 91.0 1941-12-01 90.6 1942-01-01 90.6 1942-02-01 90.7 1942-03-01 90.7 1942-04-01 90.6 1942-05-01 89.9 1942-06-01 89.3 1942-07-01 87.8 1942-08-01 86.3 1942-09-01 85.7 1942-10-01 83.7 1942-11-01 81.2 1942-12-01 78.2 1943-01-01 77.4 1943-02-01 78.0 1943-03-01 76.9 1943-04-01 76.1 1943-05-01 76.3 1943-06-01 75.2 1943-07-01 72.2 1943-08-01 70.4 1943-09-01 68.3 1943-10-01 68.6 1943-11-01 66.8 1943-12-01 63.4 1944-01-01 62.4 1944-02-01 63.1 1944-03-01 61.6 1944-04-01 60.2 1944-05-01 58.2 1944-06-01 56.0 1944-07-01 56.3 1944-08-01 55.2 1944-09-01 53.3 1944-10-01 52.0 1944-11-01 50.1 1944-12-01 49.2 1945-01-01 49.5 1945-02-01 48.8 1945-03-01 48.2 1945-04-01 47.3 1945-05-01 46.2 1945-06-01 45.1 1945-07-01 45.0 1945-08-01 44.1 1945-09-01 43.2 1945-10-01 43.0 1945-11-01 42.4 1945-12-01 42.1 1946-01-01 42.5 1946-02-01 43.0 1946-03-01 43.5 1946-04-01 44.1 1946-05-01 43.8 1946-06-01 43.3 1946-07-01 43.0 1946-08-01 42.9 1946-09-01 42.8 1946-10-01 43.1 1946-11-01 42.9 1946-12-01 42.8 1947-01-01 43.1 1947-02-01 43.3 1947-03-01 44.9 1947-04-01 46.3 1947-05-01 47.1 1947-06-01 47.5 1947-07-01 47.7 1947-08-01 47.8 1947-09-01 48.0 1947-10-01 48.1 1947-11-01 48.4 1947-12-01 48.7 1948-01-01 49.1 1948-02-01 50.2 1948-03-01 50.6 1948-04-01 51.1 1948-05-01 51.3 1948-06-01 51.0 1948-07-01 50.6 1948-08-01 50.6 1948-09-01 50.4 1948-10-01 48.8 1948-11-01 49.1 1948-12-01 49.1