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F/jrm F. 53 R.^131 BOARD OF GOVERNORS FEDERAL Office Correspondence To. Chairman Eccles From. Lauchlin Currie RESERVE SYSTEM Date December 14, 1938, Subject: n w t rm "Changs in National Income Compared with Net Government (Vmt^ihntlrm, 8Ami -Atimially t 1952-1958. " Attached are some copies of the chart I discussed with you last week. CHANGE IN NATIONAL INCOME COMPARED WITH NET GOVERNMENT CONTRIBUTION. SEMI-ANNUALLY, 1932-1938 EQUIVALENT ANNUAL TOTAL B I L L I O N S OF D O L L A R S 80 80 70 70 N A T I O N A L 60 INCOME 60 50 50 40 40 30 30 HJTK LLAI IILLK 3 6 5 C H A N G E N A T I O N A L 4 i 3 p 2 i 1 i 0 -1 IN I N C O M E P m i 1 i n 1 i 1 1 1 j i l t 1 1 1 1 Fl 1 1 1 1 1 1 1 i \ 1 1 1 i 1 1 i w - 2 ! -3 INC 1 VJUVC.nlMIV1C.lNl O U N 1 K l d U 1 IUN -4 -5 1932 1933 1934 1935 N O T E T H A T S C A L E O F C H A N G E IN I N C O M E I S O N E F O U R T H S C A L E 1936 OF NET CONTRIBUTION 1937 1938 1939 1940 1941
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