"c           VAR 0111      14072 LIABILI 3R 914-948               MD= 1E-37   "
"c           REF 0111         LOC  960 WIDTH  9             DK  16 COL 17-25  "
"c                                                 EXP DEC=  1                "
"c                                                                            "
"c              RATIO OF RESERVES TO NOTE AND DEPOSIT LIABILITIES, FEDERAL    "
"c              RESERVE BANKS                                                 "
"c              ----------------------------------------------------------    "
"c                                                                            "
"c              NBER SERIES:  14072                                           "
"c              AREA COVERED:  U.S.                                           "
"c              UNITS:  PERCENT                                               "
"c              ANNUAL COVERAGE:  NONE                                        "
"c              QUARTERLY COVERAGE:  NONE                                     "
"c              MONTHLY COVERAGE:  11/1914-12/1948                            "
"c              SEASONAL ADJUSTMENT:  NONE                                    "
"c              SOURCE:  FEDERAL RESERVE BOARD, DATA FOR 1914-FEBRUARY 1921:  "
"c              COMPUTED BY NBER.  DATA FOR MARCH 1921-1935:  FEDERAL         "
"c              RESERVE BULLETINS.  DATA FOR 1936-1941:  BANKING AND          "
"c              MONETARY STATISTICS.  DATA FOR 1942-1948:  UNPUBLISHED FRB    "
"c              DATA.                                                         "
"c                                                                            "
"c              NOTES:  RATIOS THROUGH 1920 WERE COMPUTED FROM MONTHLY        "
"c              AVERAGES OF WEEKLY DATA FOR RESERVES AND NOTE AND DEPOSIT     "
"c              LIABILITIES.  DEPOSIT LIABILITIES FOR 1915-JUNE 1917 WERE     "
"c              COMPUTED FROM ITEMS LISTED IN WEEKLY CONDITION STATEMENTS.    "
"c              JANUARY AND FEBRUARY 1921 RESERVES ARE FOR $3,300,000, THE    "
"c              AVERAGE DAILY AMOUNT OF GOLD HELD ABROAD BY THE FEDERAL       "
"c              RESERVE BANKS.                                                "
"c                   DATA FOR 1921-1948 ARE MONTHLY AVERAGES OF DAILY         "
"c              FIGURES.                                                      "
"c                                                                            "
"c              CHECKED MANUALLY; NO CORRECTIONS NECESSARY.                   "
"c                                                                            "
"c           ...............................................................  "