"c           VAR 0088      13028 YIELDS  3R 926-935               MD= 1E-37   "
"c           REF 0088         LOC  753 WIDTH  9             DK  12 COL 62-70  "
"c                                                 EXP DEC=  2                "
"c                                                                            "
"c              BOND YIELDS                                                   "
"c              -----------                                                   "
"c                                                                            "
"c              NBER SERIES:  13028                                           "
"c              AREA COVERED:  GERMANY -- BERLIN                              "
"c              UNITS:  PERCENT                                               "
"c              ANNUAL COVERAGE:  NONE                                        "
"c              QUARTERLY COVERAGE:  NONE                                     "
"c              MONTHLY COVERAGE:  01/1926-03/1935                            "
"c              SEASONAL ADJUSTMENT:  NONE                                    "
"c              SOURCE:  DATA FOR 1926-1927:  COMPUTED BY NBER.  DATA FOR     "
"c              1928-1932:  KONJUNKTURSTATISTISCHES HANDBUCH, 1933, P. 134.   "
"c              DATA FOR 1933-1935:  WIRTSCHAFT UND STATISTIK.                "
"c                                                                            "
"c              NOTES:  SERIES 13028 IS PRESENTED HERE AS THREE               "
"c              VARIABLES--(1)--ORIGINAL DATA, 1870-1813  (2)--ORIGINAL       "
"c              DATA, 1924-1931  (3)--ORIGINAL DATA, 1926-1935.               "
"c                   DATA FOR 1926-1927 WERE COMPUTED BY NBER BY USING GOLD   "
"c              MORTGAGE BOND YIELDS FOR THE TWO YEARS MULTIPLIED BY .900,    "
"c              THE AVERAGE MONTHLY RATIO OF JANUARY-JUNE 1928 OF THIS        "
"c              VARIABLE AND THE PREVIOUS (COVERING 1925-1930) -- SIX         "
"c              PERCENT BOND YIELDS TO GOLD MORTGAGE BOND YIELDS.             "
"c                   DATA FOR 1928-1935 WERE ORIGINALLY GIVEN AS"PRICE OF     "
"c              SIX PERCENT BONDS IN PERCENT OF PAR" AND HAVE BEEN REDUCED    "
"c              TO BOND YIELDS BY DIVIDING"PRICE" INTO SIX PERCENT.           "
"c                   BONDS INCLUDE THE WEIGHTED AVERAGE MARKET VALUE OF       "
"c              (1)--MORTGAGE BONDS  (2)--MUNICIPAL LOANS  (3)-- OTHER        "
"c              PUBLIC LOANS, GOVERNMENT AND STATE  (4)--INDUSTRIAL BONDS.    "
"c              WEIGHTS ARE BASED ON OUTSTANDING AMOUNT AND ARE SEVENTEEN,    "
"c              FIVE, SEVEN, AND TWO RESPECTIVELY.                            "
"c                   DATA FOR 1928-SEPTEMBER 1931 INCLUDE 59 BONDS, 20        "
"c              MORTGAGE, 15 MUNICIPAL, 14 OTHER PUBLIC, AND 10 INDUSTRIAL.   "
"c                   DATA FOR JULY 1931-FEBRUARY 1932 REFLECT A BANKING       "
"c              CRISIS, WHERE INTEREST RATES ABOVE 6% WERE REDUCED TO 6%.     "
"c              NO DATA INDICATES A BANKING HOLIDAY.                          "
"c                   DATA FOR APRIL 1932-FEBRUARY 1935 INCLUDE 169 BONDS; 50  "
"c              MORTGAGE, 55 MUNICIPAL, 34 OTHER PUBLIC, AND 30 INDUSTRIAL.   "
"c                   DATA FOR NOVEMBER 1933-1935 EXCLUDE LOANS FLOATED WITH   "
"c              A DOLLAR CLAUSE; DATA FOR JULY 1934-1935 EXCLUDE TWO          "
"c              GOVERNMENT LOANS, FORMERLY INCLUDED. THE FIGURE FOR JUNE      "
"c              1934 ON THE NEW BASIS IS 6.75.                                "
"c                   THIS VARIABLE ENDS IN MARCH 1935, AS THE LAW OF APRIL    "
"c              1935 REDUCED INTEREST TO 4.5%, WITH THE EXCEPTION OF          "
"c              INDUSTRIALS.                                                  "
"c                                                                            "
"c              CHECKED MANUALLY; NO CORRECTIONS NECESSARY.                   "
"c                                                                            "
"c           ...............................................................  "