"c           VAR 0151      09083 RAT SIN 2R 961-969               MD= 1E-37   "
"c           REF 0151         LOC 1320 WIDTH  9             DK  21 COL 62-70  "
"c                                                 EXP DEC=  2                "
"c                                                                            "
"c              RATIO OF LIABILITIES OF BUSINESS FAILURES TO CURRENT          "
"c              LIABILITIES OF ALL NONFINANCIAL CORPORATIONS                  "
"c              ----------------------------------------------------          "
"c                                                                            "
"c              NBER SERIES:  09083                                           "
"c              AREA COVERED:  U.S.                                           "
"c              UNITS:  PERCENTAGE AT ANNUAL RATE                             "
"c              ANNUAL COVERAGE:  NONE                                        "
"c              QUARTERLY COVERAGE:  FOURTH, 1961-FIRST, 1969                 "
"c              MONTHLY COVERAGE:  NONE                                       "
"c              SEASONAL ADJUSTMENT:  NONE                                    "
"c              SOURCE:  EDGAR FIEDLER, MEASURES OF CREDIT RISK AND           "
"c              EXPERIENCE; DATA OF FAILURE STATISTICS ARE FROM DUN AND       "
"c              BRADSTREET, INC., MONTHLY FAILURES, STATISTICAL RELEASE K;    "
"c              CURRENT LIABILITIES ARE FROM THE U.S. SECURITIES AND          "
"c              EXCHANGE COMMISSION, WORKING CAPITAL OF U.S. CORPORATIONS.    "
"c                                                                            "
"c              NOTES:  SERIES 09083 IS PRESENTED HERE AS TWO                 "
"c              VARIABLES--(1)--ORIGINAL DATA, 1946-1961  (2)--ORIGINAL       "
"c              DATA, 1961-1969.                                              "
"c                   BUSINESS FAILURES INCLUDE THOSE BUSINESSES THAT CEASED   "
"c              OPERATION FOLLOWING ASSIGNMENT OR BANKRUPTCY: CEASED          "
"c              OPERATION WITH LOSS TO CREDITORS AFTER SUCH ACTIONS AS        "
"c              EXECUTION, FORECLOSURE, OR ATTACHMENT; VOLUNTARILY WITHDREW   "
"c              LEAVING UNPAID OBLIGATIONS; WERE INVOLVED IN COURT ACTIONS    "
"c              SUCH AS RECEIVERSHIP, REORGANIZATION, OR ARRANGEMENT; OR      "
"c              VOLUNTARILY COMPROMISED WITH CREDITORS OUT OF COURT.          "
"c                   SECURITIES AND EXCHANGE COMMISSION DATA (DENOMINATOR)    "
"c              ARE LIMITED TO NONFINANCIAL CORPORATIONS SUCH AS              "
"c              UNINCORPORATED BUSINESSES, WHICH THE  DUN AND BRADSTREET      "
"c              DATA (NUMERATOR) INCLUDE.  THERE IS A BREAK IN THE            "
"c              DENOMINATOR AT THE END OF 1961, WHEN A NEW METHOD OF          "
"c              ESTIMATING CURRENT LIABILITIES WAS INTRODUCED. TO  PROVIDE A  "
"c              CONTINUOUS SEASONALLY ADJUSTED SERIES, THE EARLIER SEGMENT    "
"c              OF THE RATIO WAS ADJUSTED BY NBER TO A LEVEL CONSISTENT THE   "
"c              SECOND SEGMENT, BASED ON OVERLAPPING YEAR-END 1961 DATA.      "
"c                                                                            "
"c              CHECKED MANUALLY; CORRECTED 11/24/93.                         "
"c                                                                            "
"c                                                                            "