"c VAR 0063 09003 NET INC 3R 948-961 MD= 1E-37 " "c REF 0063 LOC 528 WIDTH 9 DK 9 COL 26-34 " "c EXP DEC= 2 " "c " "c NET OPERATING INCOME, PRINCIPAL TELEPHONE COMPANIES " "c --------------------------------------------------- " "c " "c NBER SERIES: 09003 " "c AREA COVERED: U.S. " "c UNITS: MILLIONS OF DOLLARS " "c ANNUAL COVERAGE: NONE " "c QUARTERLY COVERAGE: NONE " "c MONTHLY COVERAGE: 01/1948-12/1961 " "c SEASONAL ADJUSTMENT: NONE " "c SOURCE: DATA FURNISHED BY THE FEDERAL COMMUNICATIONS " "c COMMISSION ACCOUNTING, STATISTICS AND TARIFF DEPARTMENT, " "c OPERATING DATA FROM MONTHLY REPORTS OF PRINCIPAL TELEPHONE " "c CARRIERS. " "c " "c NOTES: SERIES 09003 IS PRESENTED HERE AS THREE " "c VARIABLES--(1)--ORIGINAL DATA, 1915-1933 (2)--ORIGINAL DATA, " "c 1933-1948 (3)--ORIGINAL DATA, 1948-1961. " "c BEGINNING WITH JANUARY, 1949 MONTHLY REPORT (BACK DATA " "c GIVEN FOR 1948) ABOUT 60 COMPANIES WHICH PREVIOUSLY REPORTED " "c ON A VOLUNTARY BASIS HAVE BEEN OMITTED. BASED ON ANNUAL " "c OPERATING REVENUES, THE REDUCTION IN THE NUMBER OF COMPANIES " "c AFFECTS THE COMPARABILITY OF THE DATA BY LESS THAN 3% (SEE " "c THE MIMEOGRAPHED NOTE ON"REVISIONS OF THE MONTHLY TELEPHONE " "c STATISTICS" (UNDATED, NO. 35573) BY THE F.C.C., " "c SUPPLEMENTING THE JANUARY, 1949 ISSUE OF THE"OPERATING DATA " "c FROM MONTHLY REPORTS OF 53 DOMESTIC TELEPHONE CARRIERS WHICH " "c FILE ANNUAL AND MONTHLY REPORTS," F.C.C. (SEE ALSO THE " "c SURVEY OF CURRENT BUSINESS, OCTOBER, 1949, PP. 5-23). " "c FROM 1952 AND THEREAFTER, HAWAII AND PUERTO RICO ARE " "c INCLUDED. " "c THE NUMBER OF COMPANIES (NBER SERIES 09003) REPORTING " "c MONTHLY TO THE F.C.C. VARIES FROM ABOUT 58 (1952) TO 38 " "c (1954-1956) TO 42 (1957 AND FOLLOWING). THIS AFFECTS THE " "c FIGURES VERY LITTLE, AND THE SERIES IS CONSIDERED TO BE " "c COMPARABLE. " "c DATA AFTER MARCH, 1959 IS SUBJECT TO REVISION. " "c APRIL AND MAY, 1959 FIGURES ARE ADJUSTED TO ONE MORE " "c DECIMAL. CLASSIFICATIONS, THIS VARIABLE IS NOT COMPARABLE TO " "c THE INTERSTATE COMMERCE COMMISSION SERIES OF OPERATING " "c INCOME, EXCEPT FOR 1932 THROUGH MAY, 1934. " "c DATA FOR MAY, 1934 AND NOVEMBER AND DECEMBER, 1935 ARE " "c RETURNS WHICH REFLECT ADJUSTMENTS COVERING ESTIMATED " "c REFUNDS. " "c DATA FOR JUNE, 1936 AND JANUARY AND DECEMBER, 1937 ARE " "c RETURNS WHICH REFLECT DEPRECIATION ADJUSTMENTS ON PROPERTY " "c IN NEBRASKA. " "c FOR THE YEARS 1941-1942, A NUMBER OF MONTHLY REVISIONS " "c WERE TAKEN FROM THE SURVEY OF CURRENT BUSINESS, 1947 AND " "c 1951 STAT. SUPPLEMENTS. " "c NOTE THAT DATA FROM 1943 THROUGH 1951 REFER TO THE " "c CONTINENTAL U.S.. THE FEDERAL COMMUNICATIONS COMMISSION " "c SHOWS DATA WHICH INCLUDE OPERATIONS OF 3 COMPANIES OUTSIDE " "c THE U.S., BEGINNING IN 1943 (BACK DATA AVAILABLE FOR 1942). " "c THE FIGURES SHOWN HERE ARE FROM THE COLUMN CALLED"INSIDE " "c THE UNITED STATES" IN THE MONTHLY REPORT. THESE ARE ALSO " "c THE DATA SHOWN THROUGH 1951 BY THE SURVEY OF CURRENT " "c BUSINESS FROM 1952 ON, REPORTS BY COMPANIES IN HAWAII AND " "c PUERTO RICO HAVE BEEN INCLUDED. " "c AFTER DECEMBER, 1948, DATA HAS A NEW BASIS. THE DATA " "c FOR 1948 ARE FROM"CURRENT" REPORTS, AND ARE UNREVISED. " "c " "c CHECKED MANUALLY; NO CORRECTIONS NECESSARY. " "c " "c ............................................................... " -12 1948.01 1961.12 20.5800 22.8000 22.6700 22.6900 24.0800 23.6700 19.9300 23.2700 22.5100 25.1700 23.0700 20.4700 21.9100 21.4600 22.5300 24.3400 24.6700 26.8600 25.0200 27.7700 29.2200 33.5000 32.6700 33.0700 32.6000 33.2000 36.4900 37.8600 37.3000 40.3300 41.5200 35.3600 39.6100 41.3700 40.8600 40.9400 40.6000 39.0000 40.9800 40.7300 39.9600 39.9700 35.0800 37.3200 28.8300 38.5600 38.8900 40.3800 39.0800 39.7000 42.4400 43.6300 41.2400 42.2400 37.1400 41.0800 40.8800 44.1100 43.9500 50.5300 45.5100 46.2700 45.3800 47.3500 47.1000 47.5900 43.3900 46.7800 45.0000 50.4700 50.8400 52.2700 50.3800 48.3200 48.2800 50.5100 51.8400 49.8900 61.9600 55.7900 52.4100 59.6200 58.9300 58.4600 62.1400 60.2600 59.1200 61.1500 61.2200 64.2900 61.9800 64.0800 64.4000 68.1000 66.5800 67.4800 66.6000 66.2000 66.2100 69.0200 67.8000 70.5700 68.0100 71.8600 71.9800 72.9500 69.3000 79.2700 74.2500 76.1600 75.9100 75.9400 75.7900 78.5200 72.5500 80.8900 80.2800 80.7500 83.7500 79.6000 79.5000 81.9000 84.5700 87.5400 93.1500 97.3900 93.8500 99.9600 100.470 100.410 102.640 99.6500 102.170 101.810 105.160 106.500 108.170 107.820 103.250 110.340 109.640 109.990 111.810 120.430 111.300 109.610 110.880 116.960 116.480 116.600 116.620 121.000 118.220 122.500 120.540 118.100 120.610 117.790 119.400 125.300 125.410 126.990 132.970 128.020 124.850 131.420 131.530 134.500