Series Is Presented Here As Three Variables--(1)--Original Data, 1917-1934 (2)--Original Data, 1929-1941 (3)--Original Data, 1944-1949. Data Were Computed By Subtracting Series (Bills Discounted, All Member Banks) From Series (Total Member Bank Reserves) And Are Monthly Averages Of Daily Figures. Source: Computed By NBER From Federal Reserve Board Data.
This NBER data series m14123c appears on the NBER website in Chapter 14 at http://www.nber.org/databases/macrohistory/contents/chapter14.html.
NBER Indicator: m14123c
Release: NBER Macrohistory Database
National Bureau of Economic Research, Reserves Held Minus Borrowings At Federal Reserve Banks, All Member Banks for United States [M1423CUSM144NNBR], retrieved from FRED, Federal Reserve Bank of St. Louis https://research.stlouisfed.org/fred2/series/M1423CUSM144NNBR/, November 26, 2015.