Source: National Bureau of Economic Research  

Release: NBER Macrohistory Database  

Units:  Percentage of Normal Average, Seasonally Adjusted

Frequency:  Monthly

Notes:

Series Is Presented Here As Two Variables--(1)--Seasonally Adjusted Data, 1875-1919 (2)--Seasonally Adjusted Data 1918-1943. Units Are Based On The Relation Of Total Clearings To Total Individual Deposits In National Banks. The Norm Is A Seven Years Moving Average; Three Month Moving Averages Are Centered On The Last Month. Source: Federal Reserve Bank Of New York, Data For 1875-1918: Review Of Economic Statistics, October 1924, P. 258; Data For 1919: Original Worksheets Direct From Frb.

This NBER data series m12008a appears on the NBER website in Chapter 12 at http://www.nber.org/databases/macrohistory/contents/chapter12.html.

NBER Indicator: m12008a