Title:               Ratio of Liabilities of Business Failures to Current Liabilities of All Nonfinancial Corporations for United States
Series ID:           Q0983BUSQ156NNBR
Source:              National Bureau of Economic Research
Release:             NBER Macrohistory Database (Not a Press Release)
Seasonal Adjustment: Not Seasonally Adjusted
Frequency:           Quarterly
Units:               Percentage
Date Range:          1961-10-01 to 1969-01-01
Last Updated:        2012-08-17 3:03 PM CDT
Notes:               Series Is Presented Here As Two Variables--(1)--Original Data,
                     1946-1961 (2)--Original Data, 1961-1969. Business Failures Include
                     Those Businesses That Ceased Operation Following Assignment Or
                     Bankruptcy: Ceased Operation With Loss To Creditors After Such Actions
                     As Execution, Foreclosure, Or Attachment; Voluntarily Withdrew Leaving
                     Unpaid Obligations; Were Involved In Court Actions Such As
                     Receivership, Reorganization, Or Arrangement; Or Voluntarily
                     Compromised With Creditors Out Of Court. Securities And Exchange
                     Commission Data (Denominator) Are Limited To Nonfinancial Corporations
                     Such As Unincorporated Businesses, Which The Dun And Bradstreet Data
                     (Numerator) Include. There Is A Break In The Denominator At The End Of
                     1961, When A New Method Of Estimating Current Liabilities Was
                     Introduced. To Provide A Continuous Seasonally Adjusted Series, The
                     Earlier Segment Of The Ratio Was Adjusted By NBER To A Level
                     Consistent The Second Segment, Based On Overlapping Year-End 1961
                     Data. Data Are At Annual Rate. Source: Edgar Fiedler, Measures Of
                     Credit Risk And Experience; Data Of Failure Statistics Are From Dun
                     And Bradstreet, Inc., Monthly Failures, Statistical Release K; Current
                     Liabilities Are From The U.S. Securities And Exchange Commission,
                     Working Capital Of U.S. Corporations.
                     
                     This NBER data series q09083b appears on the NBER website in Chapter 9
                     at http://www.nber.org/databases/macrohistory/contents/chapter09.html.
                     
                     NBER Indicator: q09083b

DATE       VALUE
1961-10-01  0.66
1962-01-01  0.71
1962-04-01  0.75
1962-07-01  0.80
1962-10-01  0.70
1963-01-01  0.82
1963-04-01  0.68
1963-07-01  0.60
1963-10-01  0.90
1964-01-01  0.71
1964-04-01  0.74
1964-07-01  0.68
1964-10-01  0.62
1965-01-01  0.68
1965-04-01  0.68
1965-07-01  0.66
1965-10-01  0.44
1966-01-01  0.52
1966-04-01  0.56
1966-07-01  0.62
1966-10-01  0.60
1967-01-01  0.54
1967-04-01  0.48
1967-07-01  0.43
1967-10-01  0.53
1968-01-01  0.41
1968-04-01  0.36
1968-07-01  0.30
1968-10-01  0.28
1969-01-01  0.33