Release: NBER Macrohistory Database
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
National Bureau of Economic Research, Deflated Bank Clearings Outside New York City for United States [M1218AUSM144SNBR], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/M1218AUSM144SNBR, September 19, 2019.