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J a n u a r y , 1939«
TOTAL SUPPLY OF MONEY IN THS UNITED STATES, 1919-1938
Juno 30

Adjusted.
Demand

1921
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932

17,030
17,990
18,860
19,570
21,150
21,610
22,250
22,340
22,620
21,870
19,910
15,§70
14,450
16,650
20,540
23,860
25,260
24,390

1934
1935
1936
1937
1938

D e p o s i t s S u b j e c t t o Chock
F o r e i g n Bank D e p o s i t s
U. S .
Governi n American Banks
ment
463
203
364
233
205
241
261
294
416
347
491
471
885
1,804
922
1,840
763
1,470

138
150
274
390
400
310
575
622
450
514
580
190
177
165
317
573
929
598

Total

Currency
O u t s i d e Banks

T o t a l Supply
of Money

17,631
18,343
19,498
20,193
21,755
22,161
23,086
23,256
23.486
22,731
20,981
16,331
15.512
18,619
21,779
26,273
26,952
26,458

3,700
3,360
3,760
3,660
3,590
3,620
3,580
3,650
3,660
3,380
3,670
4,640
4,790
4,680
4,810
5,260
5,530
5,470

21,331
21,703
23,258
23,853
25,345
25,781
26,666
26,906
27,146
26,111
24,651
20,971
20,300
23.299
26 ,,589
21,533
32,482
31,928

Percentage increase in total money supply, 1938 over 1929 - 18 percent
m
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u n i t
1933 — 57
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