Source: National Bureau of Economic Research  

Release: NBER Macrohistory Database  

Units:  Weighted Average of Prevailing Rates, Not Seasonally Adjusted

Frequency:  Monthly

Series Is Presented Here As Two Variables--(1)--Original Data, 1919-1939 (2)--Original Data, 1948-1959. Figures Relate To Rates Charged By Reporing Banks To Their Own Customers As Distinguished From Open Market Rates. All Averages Are Based On Rates Reported For Three Types Of Customers' Loans, Commercial, Demand, And Time Loans On Securities. The Method Of Computing The Averages Takes Into Account The Relative Importance Of These Three Types Of Loans And The Relative Importance Of Each Reporting Bank As Measured By Total Loans On The Two Group Averages The Average Rate For Each City Included Is Weighted According To The Importance Of That City In The Group As Measured By The Loans Of All Banks. Source: Annual Report Of The Federal Reserve Board For 1931, P. 82, And Successive Reports; Federal Reserve Bulletin, November 1934, P. 728, And October 1938, P. 908.

This NBER data series m13005 appears on the NBER website in Chapter 13 at http://www.nber.org/databases/macrohistory/contents/chapter13.html.

NBER Indicator: m13005