Data Represent Monthly Averages Of Daily Earning Assets. Coverage Includes Bills Discounted For Member Banks, Bills Bought, United States Securities, Other Securities, And Foreign Loans On Gold (Beginning 1925). Data For 1929-1933 Were Computed By NBER By Adding Figures For The Five Components Listed Above. Previously These Components Were Computed By Source. Beginning In 1934, Data Were Computed By Adding U.S. Government Securities, Bills Bought, And Bills Discounted. Foreign Loans On Gold Are Included With Bills Discounted. Figures For Other Securities Are No Longer Available, But The Amounts Are Insignificant. No Bills Were Bought By Federal Reserve Banks Between October 1939 And March 1946. The Banks Purchased Bills Again In Some Months Of 1946 And 1947. Amounts Are Not Available On A Daily Average Basis And Were Here Obtained By Averaging Wednesday Figures. Such Averages Were Added To The Figures For March-September 1946 And September-November 1947. Source: Federal Reserve Board, Data For 1914-1933: Frb Annual Report, 1928, Pp. 47-49; 1933, Pp. 92-93. Data For 1934-1955: Banking And Monetary Statistics; And Federal Reserve Bulletins. Data For 1956-1960: Supplement To Banking And Monetary Statistics, Section 10. Data For 1961-1969: Bulletins.
This NBER data series m14066 appears on the NBER website in Chapter 14 at http://www.nber.org/databases/macrohistory/contents/chapter14.html.
NBER Indicator: m14066
Release: NBER Macrohistory Database
National Bureau of Economic Research, Total Bills and Securities Held By Federal Reserve Banks for United States [M14066USM144NNBR], retrieved from FRED, Federal Reserve Bank of St. Louis https://research.stlouisfed.org/fred2/series/M14066USM144NNBR/, July 30, 2015.