"c           VAR 0402      14121 ROW FED 3R 918-934               MD= 1E-37   "
"c           REF 0402         LOC 3579 WIDTH  9             DK  57 COL 53-61  "
"c                                                                            "
"c                                                                            "
"c              BORROWINGS AT FEDERAL RESERVE BANKS, MEMBER BANKS OUTSIDE     "
"c              NEW YORK CITY                                                 "
"c              ---------------------------------------------------------     "
"c                                                                            "
"c              NBER SERIES:  14121                                           "
"c              AREA COVERED:  U.S.                                           "
"c              UNITS:  MILLIONS OF DOLLARS                                   "
"c              ANNUAL COVERAGE:  NONE                                        "
"c              QUARTERLY COVERAGE:  NONE                                     "
"c              MONTHLY COVERAGE:  01/1918-12/1934                            "
"c              SEASONAL ADJUSTMENT:  NONE                                    "
"c              SOURCE:  COMPUTED BY NBER FROM FEDERAL RESERVE BOARD ANNUAL   "
"c              REPORTS OF 1918-1921; AND BANKING AND MONETARY STATISTICS,    "
"c              PP. 396-400.                                                  "
"c                                                                            "
"c              NOTES:  SERIES 14121 IS PRESENTED HERE AS THREE               "
"c              VARIABLES--(1)--ORIGINAL DATA, 1918-1934  (2)--ORIGINAL DATA, "
"c              1929-1941  (3)--ORIGINAL DATA, 1944-1949.                     "
"c                   DATA FOR 1918 WERE COMPUTED BY SUBTRACTING ESTIMATED     "
"c              BORROWINGS AT NEW YORK CITY FROM TOTAL BILLS DISCOUNTED AT    "
"c              ALL MEMBER BANKS; DATA FOR 1919-1939 WERE COMPUTED BY         "
"c              SUBTRACTING NEW YORK CITY BORROWING FROM THE TOTAL FOR ALL    "
"c              FRB MEMBER BANKS.  ALL DATA ARE MONTHLY AVERAGES OF WEEKLY    "
"c              FIGURES.                                                      "
"c                                                                            "
"c              CHECKED MANUALLY; NO CORRECTIONS NECESSARY.                   "
"c                                                                            "