"c           VAR 0043      14131 OLD OUT 3R 914-949               MD= 1E-37   "
"c           REF 0043         LOC  348 WIDTH  9             DK   6 COL 35-43  "
"c                                                                            "
"c                                                                            "
"c              GOLD OUTSIDE THE TREASURY AND FEDERAL RESERVE BANKS           "
"c              ---------------------------------------------------           "
"c                                                                            "
"c              NBER SERIES:  14131                                           "
"c              AREA COVERED:  U.S.                                           "
"c              UNITS:  MILLIONS OF DOLLARS                                   "
"c              ANNUAL COVERAGE:  NONE                                        "
"c              QUARTERLY COVERAGE:  NONE                                     "
"c              MONTHLY COVERAGE:  01/1914-05/1949                            "
"c              SEASONAL ADJUSTMENT:  NONE                                    "
"c              SOURCE:  COMPUTED BY NBER FROM U.S. TREASURY DEPARTMENT       "
"c              DATA:  ANNUAL REPORTS OF THE TREASURER, 1886 AND FOLLOWING    "
"c              YEARS; CIRCULATION STATEMENTS OF U.S. MONEY, 1887 AND         "
"c              FOLLOWING.                                                    "
"c                                                                            "
"c              NOTES:  SERIES 14131 IS PRESENTED HERE AS TWO                 "
"c              VARIABLES--(1)--ORIGINAL DATA, 1878-1914  (2)--ORIGINAL DATA, "
"c              1914-1949.                                                    "
"c                   THE FORM OF THE CIRCULATION STATEMENT WAS REVISED        "
"c              BEGINNING DECEMBER 31, 1927 SO AS TO EXCLUDE EARMARKED GOLD   "
"c              COIN FROM THE STOCK OF MONEY AND HENCE FROM MONEY IN          "
"c              CIRCULATION.  DATA WERE REVISED BACK TO 1914 BY THE FEDERAL   "
"c              RESERVE BOARD (SEE BANKING AND MONETARY STATISTICS, P. 407).  "
"c                   FIGURES WERE ALSO REVISED BEGINNING 1914 BY FRB TO       "
"c              EXCLUDE THE AMOUNT OF 287 MILLION DOLLARS IN GOLD COIN        "
"c              REPORTED TO BE IN CIRCULATION IN JANUARY 1934, WHEN THAT      "
"c              FIGURE WAS DISCONTINUED IN THE CIRCULATION STATEMENT, BUT     "
"c              BELIEVED TO HAVE BEEN LOST OR MELTED DOWN OVER THE YEARS      "
"c              (SEE BANKING AND MONETARY STATISTICS, P. 407).                "
"c                   BEGINNING DECEMBER 31, 1927, CIRCULATION STATEMENTS ARE  "
"c              DATED FOR THE END OF MONTH INSTEAD OF THE BEGINNING OF THE    "
"c              SUCCEEDING MONTH, AND FIGURES ON THE REVISED DAILY TREASURY   "
"c              STATEMENT BASIS INSTEAD OF UNREVISED FIGURES ARE USED.        "
"c              FIGURES ARE REVISED BACK TO 1914 BY FRB.                      "
"c                                                                            "
"c              CHECKED MANUALLY; NO CORRECTIONS NECESSARY.                   "
"c                                                                            "
"c           ...............................................................  "