Release: NBER Macrohistory Database
Series Is Presented Here As Two Variables--(1)--Seasonally Adjusted Data, 1875-1919 And (2)--Seasonally Adjusted Data, 1919-1933. NBER Converted Data By Multiplying Bank Debits By 86.7, The Relationship In January 1919. Source: F.R. Macaulay, The Movements Of Interest Rates, Bond Yields And Stock Prices In The U.S. Since 1856, NBER Publication #33, 1938, Table 30, Column 2.
This NBER data series m12018ab appears on the NBER website in Chapter 12 at http://www.nber.org/databases/macrohistory/contents/chapter12.html.
NBER Indicator: m12018ab
National Bureau of Economic Research, Deflated Bank Debits Outside New York City for United States [M128ABUSM144SNBR], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/M128ABUSM144SNBR, September 24, 2017.