Federal Reserve Economic Data

Series Is Presented Here As Two Variables--(1)--Original Data, 1919-1947 (2)--Original Data, 1946-1949. Data Are Monthly Averages Of Weekly Data. Data For October 1933-September 1934 Were Computed By NBER, An Adjustment Being Made To Eliminate Fully Guaranteed Government Obligations Which Were Included In Data For The Period. Beginning In February 8, 1939, Loans And Investments Indirectly Representing Bank Premises And Other Real Estate Are Excluded. Monthly Averages Remain Practically Unaffected. Source: Federal Reserve Board, Data For 1919-September 1933 And October 1934-1941: Banking And Monetary Statistics. Data For October 1933-September 1934: Computed By NBER. Data For 1942-1947: Federal Reserve Bulletins. This NBER data series m14127a appears on the NBER website in Chapter 14 at http://www.nber.org/databases/macrohistory/contents/chapter14.html. NBER Indicator: m14127a

Series Is Presented Here As Two Variables--(1)--Original Data, 1919-1947 (2)--Original Data, 1946-1949. Data Are Monthly Averages Of Weekly Data. A Revision In Data In July 1946 Increases And Improves Coverage. The Total Number Of Cities Was Reduced From 101 To 94, But The Coverage Of Banks Within The Cities Was Increased (See Frb Bulletin Of June 1947, P. 692). Source: Federal Reserve Board, Monthly Issues Of Federal Reserve Bulletin. This NBER data series m14127b appears on the NBER website in Chapter 14 at http://www.nber.org/databases/macrohistory/contents/chapter14.html. NBER Indicator: m14127b

Series Is Presented Here As Four Variables--(1)--Original Data, 1919-1934 (2)--Original Data, 1934-1939 (3)--Original Data, 1939-1947 (4)--Original Data, 1946-1949. Data For 1919-April 1921 Are Monthly Averages Of Friday Figures; Of Wednesday Figures Thereafter. Coverage Ends In August 1934 Due To Changes In Computing Net Demand Deposits After Passage Of The Banking Act Of 1935. Information On Net Demand Deposits Was No Longer Available. Source: Federal Reserve Board, Banking And Monetary Statistics, Table 49, Pp. 164-195. This NBER data series m14132a appears on the NBER website in Chapter 14 at http://www.nber.org/databases/macrohistory/contents/chapter14.html. NBER Indicator: m14132a

Series Is Presented Here As Four Variables--(1)--Seasonally Adjusted Data, 1929-1944 (2)--Original Data, 1942-1963 (3)--Seasonally Adjusted Data, 1926-1963 (4)--Original Data, 1947-1969. The Segment Was Discontinued After September 1963 And Was Replaced By New Estimates Compiled By The Bureau Of The Census And Based On The Annual Survey Of Manufacturers. Source: U.S. Department Of Commerce, Data For 1942-1945 And 1948-1949 Are From Unpublished Tables Obtained From The Office Of Business Economics; Data For 1946-1947 And 1950-1962 Are From Survey Of Current Business, October 1950, May 1955 And Following Monthly Issues (Also See 1961 Supplement) This NBER data series q06092c appears on the NBER website in Chapter 6 at http://www.nber.org/databases/macrohistory/contents/chapter06.html. NBER Indicator: q06092c

Series Is Presented Here As Four Variables--(1)--Original Data, 1919-1934 (2)--Original Data, 1934-1947 (3)--Original Data, 1946-1953 (4)--Original Data, 1952-1956. Data Are Computed By NBER From Weekly Figures Averaged For The Month. Data Are For 101 Cities. Data Beginning September 1934 Exclude A Relatively Small Amount Of Time Deposits, Because They Were Presented Separately By Source. Data For 1934-1937 Are For Time Deposits Shown As "Total Except Interbank" By Source. Data For 1938-January 1939 Are Computed From The Sum Of"Individuals, Corporations, Etc., States And Political Subdivisions", And "Postal Savings". Beginning February 1939 "Individuals, Corporations, Etc." Were Shown Separately From"States And Political Subdivisions". Beginning February Or March 1939 Postal Savings Includes"U.S. Treasuries Time Deposits" Open Accounts (Such Accounts Being Established In November 1938). Postal Savings Are Not Shown Separately Prior To 1838. But Following The Passage Of The Banking Act Of June 16, 1933, Which Prohibited Payment Of Interest On Demand Deposit, Postal Savings Funds Were Deposited As Time Deposits, And It Is Assumed That They Were Included In"Time Deposits Total Except Interbank" Beginning July Or August 1933. Source: Federal Reserve Board, Data For 1933-1941: Banking And Monetary Statistics, 1943, Pp. 147 And Following. Data For 1942-1947: Monthly Issues Of Federal Reserve Bulletin. This NBER data series m14079b appears on the NBER website in Chapter 14 at http://www.nber.org/databases/macrohistory/contents/chapter14.html. NBER Indicator: m14079b

Series Is Presented Here As Four Variables--(1)--Original Data, 1919-1934 (2)--Original Data, 1934-1947 (3)--Original Data, 1946-1953 (4)--Original Data, 1952-1956. Coverage Of Series Improved In 1946 To Cover Branches Of Reporting Bank Regardless Of Location; Number Of Cities Decreased, But Number Of Banks Increased. Data Include Figures On: Over 98 Percent Of The Deposits Of Central Reserve City Banks; 96 Percent Of The Deposits Of Reserve City Banks; 17 Percent Of The Deposits Of Country. Data Are Derived From Three Components Representing Time Deposits Except Interbank: Those Of Individuals, Partnerships, And Corporations; Of States And Political Subdivisions; Of U.S. Government And Postal Savings. For Description Of Revisions See Federal Reserve Bulletin, June 1947, Pp. 692-693. Source: Federal Reserve Board, Federal Reserve Bulletin, July 1947 And Following Monthly Issues. This NBER data series m14079c appears on the NBER website in Chapter 14 at http://www.nber.org/databases/macrohistory/contents/chapter14.html. NBER Indicator: m14079c

Series Is Presented Here As Four Variables--(1)--Original Data, 1919-1934 (2)--Original Data, 1934-1947 (3)--Original Data, 1946-1953 (4)--Original Data, 1952-1956. Data Are For 109 Cities. Coverage Expanded In 1952 By The Addition Of 8 Banks. Source: Federal Reserve Board, Federal Reserve Bulletin, April 1953 And Following Issues. Data For January And February 1952 Derived By NBER From Weekly Figures In Federal Reserve Bulletin, May 1953, P. 551. This NBER data series m14079d appears on the NBER website in Chapter 14 at http://www.nber.org/databases/macrohistory/contents/chapter14.html. NBER Indicator: m14079d

Data Are At Annual Rate. Source: Data For 1945-1954: Federal Reserve Bulletin, February 1961; Data For 1955-1967: Unpublished Tabulation From The U.S. Bureau Of The Census This NBER data series m15032 appears on the NBER website in Chapter 15 at http://www.nber.org/databases/macrohistory/contents/chapter15.html. NBER Indicator: m15032

Data Are At Annual Rate. Source: U.S. Bureau Of The Census, Unpublished Tabulation; Currently In The Treasury Bulletin This NBER data series m15033 appears on the NBER website in Chapter 15 at http://www.nber.org/databases/macrohistory/contents/chapter15.html. NBER Indicator: m15033

Series Is Presented Here As Four Variables--(1)--Original Data, 1917-1939 (2)--Original Data, 1917-1939 (3)--Original Data, 1939-1968 (4)--Original Data, 1939-1949. Data Cover Total Interest-Bearing Federal Obligations Exclusive Of Such Obligations Held By U.S. Agencies And Trust Funds, The Postal Savings System And The Federal Reserve Banks. The Series Includes Government Security Holdings By State And Municipal Governments, Industrialist Firms, Alien Property Custodians And A Special German Deposit Account. Beginning In June 1934, Holdings Of Guaranteed Obligations Are Included. Source: Computed By NBER This NBER data series m15007a appears on the NBER website in Chapter 15 at http://www.nber.org/databases/macrohistory/contents/chapter15.html. NBER Indicator: m15007a

Series Is Presented Here As Four Variables--(1)--Original Data, 1917-1939 (2)--Original Data, 1917-1939 (3)--Original Data, 1939-1968 (4)--Original Data, 1939-1949. Data Cover Total Interest-Bearing Federal Obligations Exclusive Of Such Obligations Held By U.S. Agencies And Trust Funds, The Postal Savings System And The Federal Reserve Banks. The Series Includes Government Security Holdings By State And Municipal Governments, Industrialist Firms, Alien Property Custodians And A Special German Deposit Account. Beginning In June 1934, Holdings Of Guaranteed Obligations Are Included. Source: Computed By NBER This NBER data series m15007b appears on the NBER website in Chapter 15 at http://www.nber.org/databases/macrohistory/contents/chapter15.html. NBER Indicator: m15007b

Source: Simon Kuznets, National Income And Its Composition, 1919-1938, Volume Ii, 1941, Worksheets For Table Q2, P.551. This NBER data series a08189 appears on the NBER website in Chapter 8 at http://www.nber.org/databases/macrohistory/contents/chapter08.html. NBER Indicator: a08189

Source: Simon Kuznets, National Income And Its Composition, 1919-1938, Volume Ii, 1941, Worksheets For Table C2, P.641. This NBER data series a08191 appears on the NBER website in Chapter 8 at http://www.nber.org/databases/macrohistory/contents/chapter08.html. NBER Indicator: a08191

Source: Data For This Series Are From Simon Kuznets, National Income And Its Composition, 1919-1938, Vol. Ii, P. 663. This NBER data series a08193 appears on the NBER website in Chapter 8 at http://www.nber.org/databases/macrohistory/contents/chapter08.html. NBER Indicator: a08193

Series Is Presented Here As Four Variables--(1)--Original Data, 1917-1939 (2)--Original Data, 1917-1939 (3)--Original Data, 1939-1968 (4)--Original Data, 1939-1949. From October 1939-September 1943, The Published Figures Have Been Adjusted To Exclude U.S. Security Holdings In The Exchange Stabilization Fund. Fund. Beginning In October 1943, The Source Includes Such Holdings With Those Of All Other U.S. Government Agencies. Beginning In 1950 Coverage Is Slightly Different -- Data Thereafter Represent The Total Interest Bearing Debt Minus The Securities Held By U.S. Government Investment Accounts And Securities Held By The Federal Reserve. Unified Budget Concepts Were Adapted In January 1968. These Data Are On The Old Basis. For New Data See Bulletin Of February 1969, P. 71. Source: U.S. Treasury Department, Bulletin Of The Treasury Department This NBER data series m15007c appears on the NBER website in Chapter 15 at http://www.nber.org/databases/macrohistory/contents/chapter15.html. NBER Indicator: m15007c

Series Is Presented Here As Four Variables--(1)--Original Data, 1917-1939 (2)--Original Data, 1917-1939 (3)--Original Data, 1939-1968 (4)--Original Data, 1939-1949. From October 1939-September 1943, The Published Figures Have Been Adjusted To Exclude U.S. Security Holdings In The Exchange Stabilization Fund. Beginning In October 1943, The Source Includes Such Holdings With Those Of All Other U.S. Government Agencies. Source: U.S. Treasury Department, Bulletin Of The Treasury Department This NBER data series m15007d appears on the NBER website in Chapter 15 at http://www.nber.org/databases/macrohistory/contents/chapter15.html. NBER Indicator: m15007d

Business Construction Put In Place Covers Only Commercial And Industrial Buildings. Source: U.S. Bureau Of The Census, Data For 1948-1952 Are A Compilation Of (Manufacturers' Sales Of Producers' Durable Equipment, Value) And "Value Of New Construction Put In Place, 1946-1953 Revised", Census Supplement C30-61; Data For 1953-June 1968 Are From Business Cycle Developments, September 1968 (No. 505); Data For July-August 1968 Are A Compilation Of Series 06103 And "Business Construction Put In Place", As Revised In "Construction Reports", C30-68-6 And Later Issues This NBER data series m06105 appears on the NBER website in Chapter 6 at http://www.nber.org/databases/macrohistory/contents/chapter06.html. NBER Indicator: m06105

Series Is Presented Here As Two Variables--(1)--Original Data, 1939-1945 (2)--Seasonally Adjusted, 1945-1966. Raw Quarterly Figures Were Multiplied By Four To Derive Totals At Annual Rates. Data Are At Annual Rate. Source: U.S. Department Of Commerce, National Income, 1954 Edition, A Supplement To The Survey Of Current Business This NBER data series q10091a appears on the NBER website in Chapter 10 at http://www.nber.org/databases/macrohistory/contents/chapter10.html. NBER Indicator: q10091a

Series Is Presented Here As Wo Variables--(1)--Original Data, 1939-1945 (2)--Seasonally Adjusted, 1945-1966. Data For 1945 Were Raised To The Level Of This Variable (Revision Of August 1965) By Ratio Of The 1945 Annual Totals: 29582/28656 (Scb, August 1965/U.S. Income And Output, 1958) = 1.03231. Source: U.S. Department Of Commerce, Survey Of Current Business, August 1965 And Following Issues; Alternate August 1966 Supplement To Scb, "The National Income And Product Accounts Of The United States,1929-1965" This NBER data series q10091b appears on the NBER website in Chapter 10 at http://www.nber.org/databases/macrohistory/contents/chapter10.html. NBER Indicator: q10091b

Updates of this series will be ceased on December 20, 2019. This series doesn't convey any additional information beyond what's available in the base series published through the H.3 release, BOGMBASE (https://fred.stlouisfed.org/series/BOGMBASE). The discontinued series plotted on the same graph for comparison can be accessed here (https://fred.stlouisfed.org/graph/?g=lUNt). For more details, see the FRED Announcement (https://news.research.stlouisfed.org/2019/12/discontinuance-of-st-louis-monetary-base-and-reserves-data/).

Updates of this series will be ceased on December 20, 2019. Interested users can access the not seasonally adjusted version of this series from the H.3 release, BOGMBASE (https://fred.stlouisfed.org/series/BOGMBASE). For more details, see the FRED Announcement (https://news.research.stlouisfed.org/2019/12/discontinuance-of-st-louis-monetary-base-and-reserves-data/).

Data For 1915-1920 Represent End Of Month Totals. Data Beginning In 1934 Were Computed By NBER By Subtracting"Other Cash" From Total Cash Reserves. Beginning In June 1944,"Other Cash" Is Listed Separately By The Source And No Longer Needs To Be Subtracted From Total Reserves. Source: Federal Reserve Board, Data For 1914-1933 And 1935-1937: Annual Report, 1926, Pp. 43-45 And Successive Reports. Data For 1934 And 1938-1949: Federal Reserve Bulletins. This NBER data series m14062 appears on the NBER website in Chapter 14 at http://www.nber.org/databases/macrohistory/contents/chapter14.html. NBER Indicator: m14062

Data For 1914-February 1921 Were Computed By NBER From Weekly Figures In Sources. January And February 1921 Were Adjusted For $3,300,000, The Average Daily Amount Of Gold Held Abroad By Federal Reserve Banks. Data For 1921-1941 Are Composed Of Monthly Averages Of Daily Figures. Beginning With 1942, Data Represent NBER Averages Of Four Or Five Weekly (Wednesday) Data. Figures Pertaining To The First, Second, And Third Of A Month Were Added To The Preceeding Month Under The Assumption That The Greater Part Of The Week Ending On One Of Those Dates Fell In The Preceeding Month. Source: Federal Reserve Board, Data For 1914-February 1921: Computed By NBER From Data In Frb Annual Reports Of 1914, 1917, 1918, 1919, 1920; Commercial And Financial Chronicle; Federal Reserve Bulletin. Data For March 1921-1941: Banking And Monetary Statistics, Pp. 347-350. Data For 1942-1949: Federal Reserve Bulletins. This NBER data series m14063 appears on the NBER website in Chapter 14 at http://www.nber.org/databases/macrohistory/contents/chapter14.html. NBER Indicator: m14063

Data Are Monthly Averages Of Daily Figures. Figures For Total Deposits For 1914-1916 Are Not Available, Therefore Figures Presented Are For Net Deposits -- Gross Deposits Including Deferred Availability Accounts Minus Items In Process Of Collection And Other Uncollected Items. The Act Of May 12, 1933 Made All Coins And Currencies In U.S. Legal Tender Eligible For Use As Reserve Against Deposits. Since That Date, Cash Reserves Include Coins And Currency Not Previously Eligible For Such Use (See 1933 Annual Report, P. 94, Table 10). Beginning With 1942, Total Deposits Are No Longer Published On A Daily Average Basis. The Totals Here Have Been Obtained By Adding The Following Components Which Were Available On A Daily Cash Basis -- Member Bank Reserves; Treasury Deposits; Non-Member Deposits (The Sum Of Non-Member Bank Deposits And Deposits Of Government Agencies Of Foreign Banks And Governments. Source: Federal Reserve Board, Data For 1914-1933: Annual Report, 1928, Pp. 50-52; 1932, P. 52; 1933, P. 94. Data For 1934: Frb Bulletin, Successive Monthly Issues. Data For 1935-1941: Banking And Monetary Statistics, 1943, Pp. 349-350. Data For 1942-1949: Frb Bulletins. This NBER data series m14070 appears on the NBER website in Chapter 14 at http://www.nber.org/databases/macrohistory/contents/chapter14.html. NBER Indicator: m14070

Data Cover 101 Cities. In September 1934 The Form Of Reports Changed. Data Were Computed By Summing Loans To Brokers Outside New York City; Open Market Loans-Loans To Brokers In New York City; Loans To Others On Security. Data For June-December 1937 Were Published As Totals; Data For 1938 Were Computed From Weekly Figures. Source: Federal Reserve Board, Annual Reports, 1930, P. 98; 1933, P. 184; 1936, Pp. 154, 156, 160; 1937, P. 142; Following Years. This NBER data series m14074 appears on the NBER website in Chapter 14 at http://www.nber.org/databases/macrohistory/contents/chapter14.html. NBER Indicator: m14074

The Change In Manufacturers' Unfilled Orders Was Added To The Change In The Book Value Of Total Inventories, And The Sum Was Converted To Annual Rates. 1947 Figures For The Change In Inventories Are Based On An Earlier Set Of Estimates That Was Adjusted To The Level Of The Data Beginning In 1948 In The Source. Source: U.S. Bureau Of The Census, Data For 1947-1952: Computed By NBER From Series (Change In Manufacturing And Trade Inventories, Book Value) And Change In Manufacturers' Unfilled Orders, Total, From "Manufacturers' Shipments, Inventories, And Orders, " Census Series M3-1, Supplement No. 2; Data For 1953-July 1963: Same Census Series And Title, 1947-1963 Revised; Data For August 1963-1967: Same Series, Monthly Issues This NBER data series m05128 appears on the NBER website in Chapter 5 at http://www.nber.org/databases/macrohistory/contents/chapter05.html. NBER Indicator: m05128

Series Is Presented Here As Two Variables--(1)--Seasonally Adjusted Data, 1938-1953 (2)--Original Data, 1953-1969. Figures Reflect The Book Value As Of The End Of The Period. Two Decimal Places Were Added To The Data In June 1964 From An Unpublished Table In The NBER Files. The Third Decimal Place Is From Unpublished Obe Tables Furnished To T. Starbuck. This Variable Represents 31.3% Of Total Inventories At The End Of 1962. Source: U.S. Department Of Commerce, Data For 1938-1952: Survey Of Current Business, June 1955; Data For 1953: Industry Survey, August 1957 This NBER data series m05112a appears on the NBER website in Chapter 5 at http://www.nber.org/databases/macrohistory/contents/chapter05.html. NBER Indicator: m05112a

Series Is Presented Here As Two Variables--(1)--Seasonally Adjusted Data, 1938-1953 (2)--Original Data, 1953-1969. This Variable Covers 36.0 % Of Total Inventories. Source: U.S. Bureau Of The Census, Data For 1947-1960: "Manufacturers' Shipments, Inventories And Orders: 1947-1963, Revised, " Series M3-1; Data For 1961-June 1968: "Manufacturers' Shipments, Inventories, And Orders: 1961-1968, " Series M3-1.1; Data For July-September 1968: Current Industrial Reports, Series M3-1, Monthly,Same Title This NBER data series m05112b appears on the NBER website in Chapter 5 at http://www.nber.org/databases/macrohistory/contents/chapter05.html. NBER Indicator: m05112b

Data Represent Total Manufacturers' Unfilled Orders, Excluding Machinery And Equipment And Defense Products. Source: Computed From Series 05131 (Ratio Of Manufacturering And Trade Inventories Plus Manufacturers' Unfilled Orders, Total, Excluding Machinery And Equipment And Defense Products This NBER data series m05135 appears on the NBER website in Chapter 5 at http://www.nber.org/databases/macrohistory/contents/chapter05.html. NBER Indicator: m05135

Series Is Presented Here As Two Variables--(1)--Seasonally Adjusted Data, 1939-1953 (2)--Original Data, 1953-1969. The Figures Represent Book Values; See Also Series 05112 (Manufacturers' Inventories, Purchased Materials.) Source: U.S. Department Of Commerce, Data For 1939-1952 Were Derived From Tabulations Of Unpublished Data Obtained From The Office Of Business Economics; Data For 1953 Are From Industry Survey, "Manufacturers' Sales, Inventories, New And Unfilled Orders, " Monthly This NBER data series m05113a appears on the NBER website in Chapter 5 at http://www.nber.org/databases/macrohistory/contents/chapter05.html. NBER Indicator: m05113a

Series Is Presented Here As Two Variables--(1)--Seasonally Adjusted Data, 1939-1953 (2)--Original Data, 1953-1969. Source: U.S. Bureau Of The Census, Data For 1947-1960: "Manufacturers' Shipments, Inventories And Orders: 1947-1963, Revised, " Series M3-1; Data For 1961-June 1968: "Manufacturers' Shipments, Inventories, And Orders: 1961-1968, " Series M3-1.1; Data For July-September 1968: Current Industrial Reports, Series M3-1, Monthly,Same Title This NBER data series m05113b appears on the NBER website in Chapter 5 at http://www.nber.org/databases/macrohistory/contents/chapter05.html. NBER Indicator: m05113b

Series Is Presented Here As Two Varibles--(1)--Original Data, 1938-1955 (2)--Original Data, 1948-1969. Revised Estimates For Retail Trade Inventories Were Introduced In January 1946. This Variable Can Be Extended Through May 1957 (The End Of The"Old" Estimates For Wholesale Trade Inventories), But This Overlap Is Considered Sufficient. Source: Derived By Adding Series (Total Manufacturers' Inventories), (Retail Trade Inventories, All Stores), And (Wholesale Inventories, Total Trade); See These Series For Sources. This NBER data series m05123a appears on the NBER website in Chapter 5 at http://www.nber.org/databases/macrohistory/contents/chapter05.html. NBER Indicator: m05123a

Series Is Presented Here As Two Varibles--(1)--Original Data, 1938-1955 (2)--Original Data, 1948-1969. Source: Derived By Adding Series (Total Manufacturers' Inventories), (Retail Trade Inventories, All Stores), And (Wholesale Inventories, Total Trade); See These Series For Sources. This NBER data series m05123b appears on the NBER website in Chapter 5 at http://www.nber.org/databases/macrohistory/contents/chapter05.html. NBER Indicator: m05123b

Series Is Presented Here As Four Variables--(1)--Seasonally Adjusted Data, 1929-1944 (2)--Original Data, 1942-1963 (3)--Seasonally Adjusted Data, 1926-1963 (4)--Original Data, 1947-1969. The Segment Was Discontinued After September 1963 And Was Replaced By New Estimates Compiled By The Bureau Of The Census And Based On The Annual Survey Of Manufacturers. Source: U.S. Department Of Commerce, Data For 1942-1945 And 1948-1949 Are From Unpublished Tables Obtained From The Office Of Business Economics; Data For 1946-1947 And 1950-1962 Are From Survey Of Current Business, October 1950, May 1955 And Following Monthly Issues (Also See 1961 Supplement) This NBER data series m06092b appears on the NBER website in Chapter 6 at http://www.nber.org/databases/macrohistory/contents/chapter06.html. NBER Indicator: m06092b

Series Is Presented Here As Four Variables--(1)--Seasonally Adjusted Data, 1929-1944 (2)--Original Data, 1942-1963 (3)--Seasonally Adjusted Data, 1926-1963 (4)--Original Data, 1947-1969. The Segment Was Discontinued After September 1963 And Was Replaced By New Estimates Compiled By The Bureau Of The Census And Based On The Annual Survey Of Manufacturers. Source: U.S. Department Of Commerce, Data For 1942-1945 And 1948-1949 Are From Unpublished Tables Obtained From The Office Of Business Economics; Data For 1946-1947 And 1950-1962 Are From Survey Of Current Business, October 1950, May 1955 And Following Monthly Issues (Also See 1961 Supplement) This NBER data series m06092c appears on the NBER website in Chapter 6 at http://www.nber.org/databases/macrohistory/contents/chapter06.html. NBER Indicator: m06092c

Series Is Presented Here As Four Variables--(1)--Seasonally Adjusted Data, 1929-1944 (2)--Original Data, 1942-1963 (3)--Seasonally Adjusted Data, 1926-1963 (4)--Original Data, 1947-1969. The Series Was Renamed"Manufacturers' Sales" From "Manufacturers' Shipments" When The Source Changed. Original Estimates Are Adjusted For Trading-Day And Calender Month Variation Throughout The Period Beginning With 1947. Unadjusted 1948 Figures Were Revised, Obtained By Telephone, January 25, 1965. Source: U.S. Department Of Commerce, Data For 1947-1960: "Manufacturers' Shipments, Inventories, And Orders, 1947-1963, Revised", Bureau Of The Census Series M3-1; Data For 1961-June 1968: Same Title And Series But For 1961-1968; Data For July 1968-1969: "Current Industrial Reports", Same Title And Series; Also See Survey Of Current Business This NBER data series m06092d appears on the NBER website in Chapter 6 at http://www.nber.org/databases/macrohistory/contents/chapter06.html. NBER Indicator: m06092d

The Data Were Computed By NBER From Series 08069 Converted To Dollar Figures At An Annual Rate Substracted From A Series On Wage And Salary Disbursements In Manufacturing (Personal Income Component). Data Are At Annual Rate. Source: Bureau Of Census Series Converted To Value Figures At Annual Rates (Multiplied By Base Furnished By The Bureau Of Labor Statistics); Wage And Salary Disbursements In Manufacturing (Personal Income Component); The Difference Between The 2 Series Equals The Estimated Salaries Of Nonproductive Workers. This NBER data series m08333 appears on the NBER website in Chapter 8 at http://www.nber.org/databases/macrohistory/contents/chapter08.html. NBER Indicator: m08333

Series Is Presented Here As Three Variables--(1)--Original Data, 1919-1941 (2)--Original Data, 1939-1945 (3)--Seasonally Adjusted Data, 1946-1965. Data Refer To Billions Of Dollars At An Annual Rate; Data Were Multiplied By A Factor Of 12. Data Were Computed By NBER From Monthly Data In The Journal Of Commerce (Its Data Include Semi-Private And Closed Corporation And Exclude Financial Corporations Before May 1934; From May 1934 It Excludes The Former And Includes The Latter). Data Were Adjusted To Level Of Annual Estimates Made By Ebersole, Burr & Peterson In"Income Forecasting By The Use Of Statistics Of Income Data" (Review Of Economic Statistics, November, 1929) For 1919-1921 And From Annual Data 1922-1941 Of"Statistics Of Income," U.S. Department Of Treasury. Source: For 1919-1941: Data Computed By NBER; For 1939-1941: Office Of Business Economics, Unpublished Tables. This NBER data series m08238a appears on the NBER website in Chapter 8 at http://www.nber.org/databases/macrohistory/contents/chapter08.html. NBER Indicator: m08238a

Series Is Presented Here As Three Variables--(1)--Original Data, 1919-1941 (2)--Original Data, 1939-1945 (3)--Seasonally Adjusted Data, 1946-1965. Data Has Been Multiplied By 12 To Give Billions Of Dollars At An Annual Rate. Source: Office Of Business Economics, National Income Division, Unpublished Data Tables. This NBER data series m08238b appears on the NBER website in Chapter 8 at http://www.nber.org/databases/macrohistory/contents/chapter08.html. NBER Indicator: m08238b

Series Is Presented Here As Three Variables--(1)--Original Data, 1919-1941 (2)--Original Data, 1939-1945 (3)--Seasonally Adjusted Data, 1946-1965. Data Has Been Multiplied By 12 To Give Billions Of Dollars At An Annual Rate. Source: Survey Of Current Business, August 1965. This NBER data series m08238c appears on the NBER website in Chapter 8 at http://www.nber.org/databases/macrohistory/contents/chapter08.html. NBER Indicator: m08238c

Updates of this series will be ceased on December 19, 2019. Interested users can construct a proxy by summing Currency in circulation (H.4.1 release); Service Related Balances and Adjustments (H.4.1 release); and Reserve Balances with FR Banks (H.4.1 release). The discontinued series plotted on the same graph with the calculated data can be accessed for comparison here (https://fred.stlouisfed.org/graph/?g=p6WY). For more details, see the FRED Announcement (https://news.research.stlouisfed.org/2019/12/discontinuance-of-st-louis-monetary-base-and-reserves-data/).

Series Is Presented Here As Two Variables--(1)--Seasonally Adjusted Data, 1938-1953 (2)--Original Data, 1953-1970. Figures Reflect The Book Value As Of The End Of The Period. The Second And Third Decimal Places Have Been Added From An Unpublished Obe Table In The NBER Files (12/1963). Source: U.S. Department Of Commerce, Data For 1938-1952: Survey Of Current Business, June 1955; Data For 1953: Industry Survey Of August 1957 This NBER data series m05110a appears on the NBER website in Chapter 5 at http://www.nber.org/databases/macrohistory/contents/chapter05.html. NBER Indicator: m05110a

Series Is Presented Here As Two Variables--(1)--Seasonally Adjusted Data, 1938-1953 (2)--Original Data, 1953-1970. Source: U.S. Bureau Of The Census, Data For 1953-1960: "Manufacturers' Shipments, Inventories, And Orders: 1947-1963, Revised, " Series M3-1; Data For 1961-June 1968: "Manufacturers' Shipments, Inventories, And Orders: 1961-1968, " Series M3-1.1; Data For July 1968-1970: Current Industrial Reports, Series M3-1, Monthly, Same Title This NBER data series m05110b appears on the NBER website in Chapter 5 at http://www.nber.org/databases/macrohistory/contents/chapter05.html. NBER Indicator: m05110b

Series Is Presented Here As Two Variables--(1)--Seasonally Adjusted Data, 1938-1953 (2)--Seasonally Adjusted, 1953-1968 Figures Reflect The Book Value. The Second Decimal Place Was Added To The Data On 12/1963 From An Unpublished Obe Table In The NBER Files. The Third Decimal Place Was Added From Unpublished Obe Tables Furnished By T. Starbuck. This Variable Covers 28.9% Of Total Inventories At The End Of 1962. Source: U.S. Department Of Commerce, Data For 1938-1952: Survey Of Current Business, June 1955; Data For 1953: Industry Survey, August 1957 This NBER data series m05111a appears on the NBER website in Chapter 5 at http://www.nber.org/databases/macrohistory/contents/chapter05.html. NBER Indicator: m05111a

Updates of this series will be ceased on December 20, 2019. Interested users can construct a proxy by summing Currency in circulation (H.4.1 release); Service Related Balances and Adjustments (H.4.1 release); and Reserve Balances with FR Banks (H.4.1 release). The discontinued series plotted on the same graph with the calculated data can be accessed for comparison at https://fred.stlouisfed.org/graph/?g=oJ6w For more details, see the FRED Announcement (https://news.research.stlouisfed.org/2019/12/discontinuance-of-st-louis-monetary-base-and-reserves-data/).

Series Is Presented Here As Two Variables--(1)--Seasonally Adjusted Data, 1938-1953 (2)--Seasonally Adjusted, 1953-1968 This Variable Covers 29.8 % Of Total Inventories. Source: U.S. Bureau Of The Census, Data For 1953-1960: "Manufacturers' Shipments, Inventories, And Orders: 1947-1963 Revised, " Series M3-1;"Data For 1961-June 1968: "Manufacturers' Shipments, Inventories And Orders: 1961-1968, " Series M3-1; Thereafter: Current Industrial Reports, Series M3-1, Monthly, Same Title This NBER data series m05111b appears on the NBER website in Chapter 5 at http://www.nber.org/databases/macrohistory/contents/chapter05.html. NBER Indicator: m05111b

Source: Data Were Derived From First Differences Of (Book Value Of Finished Goods Inventories). Data For December 1938-1952 Were Lowered To The Level Of Data For 1953 And Following Years, By The Ratio Of The Overlapping Year 1953 (0.81741). This NBER data series m05121 appears on the NBER website in Chapter 5 at http://www.nber.org/databases/macrohistory/contents/chapter05.html. NBER Indicator: m05121

Series Is Presented Here As Two Variables--(1)--Original Data, 1939-1947 (2)--Original Data, 1947-1969. Source: U.S. Department Of Commerce, Office Of Business Economics, "Manufacturers' Sales, Inventories, New And Unfilled Orders, " Unpublished Tabulation Of July 1952. This NBER data series m06106a appears on the NBER website in Chapter 6 at http://www.nber.org/databases/macrohistory/contents/chapter06.html. NBER Indicator: m06106a

Series Is Presented Here As Two Variables--(1)--Original Data, 1939-1947 (2)--Original Data, 1947-1969. Source: U.S. Department Of Commerce, Bureau Of The Census, For 1947-1960 Data:"Manufacturers' Sales, Inventories, New And Unfilled Orders: 1947-1963 Revised" (Series M3-1); For 1961-1969 Data:"Manufacturers' Shipments, Inventories, And Orders: 1961-1968" (Series M3-1.1) This NBER data series m06106b appears on the NBER website in Chapter 6 at http://www.nber.org/databases/macrohistory/contents/chapter06.html. NBER Indicator: m06106b

Series Is Presented Here As Two Variables--(1)--Original Data, 1939-1946 (2)--Original Data, 1946-1969. Data Reflect Quarterly Totals At Annual Rates. Unadjusted Figures Were Multiplied By Four To Derive Quarterly Totals At Annual Rates. Source: Department Of Commerce, National Income, 1954 Edition, A Supplement To The Survey Of Current Business For Data Through 1945; Survey Of Current Business, Quarterly Tables For 1945. This NBER data series q09072a appears on the NBER website in Chapter 9 at http://www.nber.org/databases/macrohistory/contents/chapter09.html. NBER Indicator: q09072a

Series Is Presented Here As Two Variables--(1)--Original Data, 1939-1946 (2)--Original Data, 1946-1967. The Fourth Quarter Of The First Segment Was Raised To The Level Of The Second Segment (August, 1965 Revision) By Ratio Of 1945 Annual Totals: Survey Of Current Business, August, 1965 / U.S. Income And Output 1958 = 1.03926. Source: Department Of Commerce, Survey Of Current Business, August, 1965 For Data Through 1962; Thereafter, Data Furnished By July Issues Of The Survey Of Current Business, Beginning The July, 1966 Issue. This NBER data series q09072b appears on the NBER website in Chapter 9 at http://www.nber.org/databases/macrohistory/contents/chapter09.html. NBER Indicator: q09072b

Series Is Presented Here As Two Variables--(1)--Original Data, 1939-1946 (2)--Original Data, 1946-1965. An Alternate Source Of 1939-1945 Data Is The Survey Of Current Business Supplement: National Income, 1954 Edition. Unadjusted Quarterly Figures For 1939-1958 Data Were Multiplied By Four To Derive Totals At Annual Rates. "This Series Measures The Volume Of Earnings Net Of Corporate Tax Liability (Federal And State Corporate Income And Excess Profits Taxes) Originating In U.S. Corporations Organized For Profit. Profits Include Depletion And Exclude Domestic Dividends Received And Capital Gains And Losses, Conforming Thereby To The"National Income" Concept. The Annual Estimates For Periods More Than Two Years Prior To The Current Year Are Internal Revenue Service Data Adjusted To National Profits Disclosed By The Irs Audit Of Income Tax Returns. Profits Of Mutual Insurance Companies Are Removed And Adjustments Are Made For International Flows Which Affect Profits. Current Annual And Quarterly Figures Are Obtained By Extrapolating The Latest Benchmark Estimates Based Upon The Irs Tabulations. The Extrapolators Used Include The Quarterly Financial Report For Manufacturing Corporations Of The Federal Trade Commission And Securities And Exchange Commission, Reports To Othr Federal Regulatory Agencies, And Surveys By Nongovernmental Organizations. Annual And Quarterly Estimates Are Subsequently Revised To Conform To Irs Tabulations. For A Complete Statement Of The Methods And Sources Of Data Used In Preparing Profit Estimates, See National Income, Supplement To The Survey Of Current Business, 1954 Edition, Pp. 92-97, And U.S. Income And Output, 1958, Pp. 93-94. Quarterly Estimates Of Corporate Tax Liability, Dividends, And Retained Earnings Are Also Complied By The Office Of Business Economics, And Estimates Of Profits Before Taxes Are Available Excluding Inventory Profit Or Loss (Inventory Valuation Adjustment). The Federal Trade Commission And The Securites Exchange Commission Publish Quarterly Profit Statistics For All Manufacturing Corporations, By Industry And Size-Of-Firm Groups. The Federal Reserve Board Issues Quarterly Profit Statistics For 200 Large Manufacturing Corporations (Federal Reserve Bulletin). Quarterly Figures For Approximately 800 Nonfinancial Corporations Are Compiled By The First National City Bank And Published In The Bank'S Monthly Letter, "Business And Economic Conditions." For Discussion Of The Role Of Profits And Related Economic Variables In Business Cyles, See Moore, Business Cycle Indicators, Volume I, Chapters 2, 11, And 12."--Taken From Moore, Business Cycle Indicators, Volume Ii. Source: Department Of Commerce, Office Of Business Economics, National Income, 1954 Edition For 1939-1945 Data; Thereafter Data Furnished By "U.S. Income And Output, " A Supplement To The Survey Of Current Business, The November, 1958, July, 1961 And Later Issues. This NBER data series q09073a appears on the NBER website in Chapter 9 at http://www.nber.org/databases/macrohistory/contents/chapter09.html. NBER Indicator: q09073a

Series Is Presented Here As Two Variables--(1)--Original Data, 1939-1946 (2)--Original Data, 1946-1965. An Alternate Source Of 1939-1945 Data Is The Survey Of Current Business Supplement: National Income And Product Accounts Of The United States, 1929-1965; A Supplement To The Survey Of Current Business, August, 1966. 1945 Data Of The First Segment Was Raised To The Level Of This (Second) Segment (August, 1965 Revision) By A Ratio Of 1945 Annual Totals: Survey Of Current Business, August, 1965 Revision / U.S. Income And Output 1958 = 9033/8060 = 1.12072. "This Series Measures The Volume Of Earnings Net Of Corporate Tax Liability (Federal And State Corporate Income And Excess Profits Taxes) Originating In U.S. Corporations Organized For Profit. Profits Include Depletion And Exclude Domestic Dividends Received And Capital Gains And Losses, Conforming Thereby To The"National Income" Concept. The Annual Estimates For Periods More Than Two Years Prior To The Current Year Are Internal Revenue Service Data Adjusted To National Profits Disclosed By The Irs Audit Of Income Tax Returns. Profits Of Mutual Insurance Companies Are Removed And Adjustments Are Made For International Flows Which Affect Profits. Current Annual And Quarterly Figures Are Obtained By Extrapolating The Latest Benchmark Estimates Based Upon The Irs Tabulations. The Extrapolators Used Include The Quarterly Financial Report For Manufacturing Corporations Of The Federal Trade Commission And Securities And Exchange Commission, Reports To Othr Federal Regulatory Agencies, And Surveys By Nongovernmental Organizations. Annual And Quarterly Estimates Are Subsequently Revised To Conform To Irs Tabulations. For A Complete Statement Of The Methods And Sources Of Data Used In Preparing Profit Estimates, See National Income, Supplement To The Survey Of Current Business, 1954 Edition, Pp. 92-97, And U.S. Income And Output, 1958, Pp. 93-94. Quarterly Estimates Of Corporate Tax Liability, Dividends, And Retained Earnings Are Also Complied By The Office Of Business Economics, And Estimates Of Profits Before Taxes Are Available Excluding Inventory Profit Or Loss (Inventory Valuation Adjustment). The Federal Trade Commission And The Securites Exchange Commission Publish Quarterly Profit Statistics For All Manufacturing Corporations, By Industry And Size-Of-Firm Groups. The Federal Reserve Board Issues Quarterly Profit Statistics For 200 Large Manufacturing Corporations (Federal Reserve Bulletin). Quarterly Figures For Approximately 800 Nonfinancial Corporations Are Compiled By The First National City Bank And Published In The Bank'S Monthly Letter, "Business And Economic Conditions." For Discussion Of The Role Of Profits And Related Economic Variables In Business Cyles, See Moore, Business Cycle Indicators, Volume I, Chapters 2, 11, And 12."--Taken From Moore, Business Cycle Indicators, Volume Ii. Source: Survey Of Current Business, August, 1965 Issue For Data Through 1962. Thereafter, Survey Of Current Business, July, 1966 And Following Monthly Issues. This NBER data series q09073b appears on the NBER website in Chapter 9 at http://www.nber.org/databases/macrohistory/contents/chapter09.html. NBER Indicator: q09073b

Series Is Presented Here As 2 Variables-- (1)--Original Data, 1939-1946 (2)--Original Data, 1946-1965. Data Reflect The Quarterly Totals At Annual Rates. Unadjusted Figures Were Multiplied By Four To Obtain Quarterly Totals At Annual Rates. Source: Department Of Commerce, National Income, 1954 Edition. A Supplement To The Survey Of Current Business, Through 1945. This NBER data series q09074a appears on the NBER website in Chapter 9 at http://www.nber.org/databases/macrohistory/contents/chapter09.html. NBER Indicator: q09074a

Series Is Presented Here As 2 Variables-- (1)--Original Data, 1939-1946 (2)--Original Data, 1946-1965. Data Are At Annual Rate. Source: Department Of Commerce, Survey Of Current Business, August, 1965 For Data Through 1962. Thereafter, Data Furnished By Survey Of Current Business, July, 1966 And Following Monthly Issues. Alternate Sources Include The National Income And Product Accounts Of The United States, 1929-1965; A Supplement To The Survey Of Current Business (August, 1966). This NBER data series q09074b appears on the NBER website in Chapter 9 at http://www.nber.org/databases/macrohistory/contents/chapter09.html. NBER Indicator: q09074b

Series Is Presented Here As Two Variables--(1)--Original Data, 1939-1945 (2)--Seasonally Adjusted Data, 1946-1966. For An Alternate Source, See The National Income And Product Accounts Of The United States, 1929-1965; A Supplement To The Survey Of Current Business (August, 1966). Fourth Quarter, 1945 Data Of The First Segment Was Raised To The Level Of This Segment (The Second Segment) (August, 1965 Revision) By Ratio Of The 1945 Annual Totals: Survey Of Current Business / U.S. Income And Output 1958=4433/3597=1.23242. Source: Department Of Commerce, Office Of Business Economics Survey Of Current Business, August, 1965. This NBER data series q09085b appears on the NBER website in Chapter 9 at http://www.nber.org/databases/macrohistory/contents/chapter09.html. NBER Indicator: q09085b

Data Are At Annual Rate. Source: 1947-1955 Data Are From Survey Of Current Business, June 1956; September, December, March, And June Issues Thereafter. This NBER data series q10095 appears on the NBER website in Chapter 10 at http://www.nber.org/databases/macrohistory/contents/chapter10.html. NBER Indicator: q10095

Net Funds Raised Exclude Changes In The U.S. Government Cash Balance. Source: Federal Reserve Board, Federal Reserve Bulletin, November 1962, "Flow Of Funds, " Table 2, Section Ii, Line A Minus Line V, And Following Issues This NBER data series q10101 appears on the NBER website in Chapter 10 at http://www.nber.org/databases/macrohistory/contents/chapter10.html. NBER Indicator: q10101

Series Is Presented Here As Two Variables--(1)--Original Data, 1939-1946 (2)--Original Data, 1946-1967. Unadjusted Figures Were Multiplied By Four To Derive Totals At Annual Rates. Source: U.S. Department Of Commerce, Data For 1939-1945: National Income, 1954 Edition, A Supplement To The Survey Of Current Business; Data For 1946: Scb, Issue Of July 1958 This NBER data series q10026a appears on the NBER website in Chapter 10 at http://www.nber.org/databases/macrohistory/contents/chapter10.html. NBER Indicator: q10026a

Series Is Presented Here As Two Variables--(1)--Original Data, 1939-1946 (2)--Original Data, " 1946-1967. Unadjusted Figures Were Multiplied By Four To Derive Totals At Annual Rates. Source: U.S. Department Of Commerce, Data For 1946-1963: "National Income And Product Accounts Of The U.S., 1929-1965, " A Supplement To The Survey Of Current Business, August 1966; Data For 1964-1967: Scb, Monthly Issues This NBER data series q10026b appears on the NBER website in Chapter 10 at http://www.nber.org/databases/macrohistory/contents/chapter10.html. NBER Indicator: q10026b