Month Billions Of Dollars: Seasonally Adjusted By Nber 1914-06-01 11.5040 1914-07-01 11.4890 1914-08-01 11.5660 1914-09-01 11.7850 1914-10-01 11.7240 1914-11-01 11.5900 1914-12-01 11.5910 1915-01-01 11.6860 1915-02-01 11.8020 1915-03-01 11.8500 1915-04-01 11.9160 1915-05-01 11.9840 1915-06-01 12.1190 1915-07-01 12.2150 1915-08-01 12.2900 1915-09-01 12.5910 1915-10-01 13.1100 1915-11-01 13.2260 1915-12-01 13.3970 1916-01-01 13.6930 1916-02-01 13.8890 1916-03-01 13.9820 1916-04-01 14.1410 1916-05-01 14.2450 1916-06-01 14.3480 1916-07-01 14.4810 1916-08-01 14.7380 1916-09-01 14.9760 1916-10-01 15.2170 1916-11-01 15.4510 1916-12-01 15.6030 1917-01-01 15.9840 1917-02-01 16.2200 1917-03-01 16.4260 1917-04-01 16.5700 1917-05-01 16.7860 1917-06-01 16.8750 1917-07-01 17.2050 1917-08-01 17.3950 1917-09-01 17.2910 1917-10-01 17.1010 1917-11-01 17.2940 1917-12-01 18.3150 1918-01-01 18.0920 1918-02-01 17.8050 1918-03-01 18.4480 1918-04-01 18.5260 1918-05-01 17.9210 1918-06-01 18.2870 1918-07-01 18.5490 1918-08-01 18.8880 1918-09-01 19.8170 1918-10-01 19.2630 1918-11-01 19.7060 1918-12-01 20.7820 1919-01-01 20.3520 1919-02-01 20.0850 1919-03-01 20.7870 1919-04-01 21.0510 1919-05-01 21.0350 1919-06-01 21.3900 1919-07-01 21.7480 1919-08-01 22.0340 1919-09-01 22.3630 1919-10-01 22.7720 1919-11-01 23.0380 1919-12-01 23.4650 1920-01-01 23.2560 1920-02-01 23.6260 1920-03-01 23.9060 1920-04-01 23.7830 1920-05-01 23.7450 1920-06-01 23.5920 1920-07-01 23.5930 1920-08-01 23.5450 1920-09-01 23.5080 1920-10-01 23.3420 1920-11-01 22.9140 1920-12-01 23.1480 1921-01-01 22.4740 1921-02-01 22.2680 1921-03-01 21.7520 1921-04-01 21.4300 1921-05-01 21.3790 1921-06-01 20.9550 1921-07-01 20.7290 1921-08-01 20.7860 1921-09-01 20.5500 1921-10-01 20.6570 1921-11-01 20.7050 1921-12-01 20.6450 1922-01-01 20.4510 1922-02-01 20.6480 1922-03-01 20.6840 1922-04-01 21.2190 1922-05-01 21.4000 1922-06-01 21.6180 1922-07-01 21.7230 1922-08-01 21.7310 1922-09-01 22.0380 1922-10-01 22.1260 1922-11-01 22.0840 1922-12-01 22.8380 1923-01-01 22.6980 1923-02-01 22.7880 1923-03-01 22.3980 1923-04-01 22.6880 1923-05-01 22.8210 1923-06-01 22.6530 1923-07-01 22.6340 1923-08-01 22.5880 1923-09-01 22.7140 1923-10-01 22.8180 1923-11-01 22.8490 1923-12-01 22.9370 1924-01-01 22.7610 1924-02-01 22.6900 1924-03-01 22.7330 1924-04-01 22.8310 1924-05-01 22.9970 1924-06-01 23.2260 1924-07-01 23.5250 1924-08-01 23.8470 1924-09-01 24.1110 1924-10-01 24.2170 1924-11-01 24.6070 1924-12-01 24.4020 1925-01-01 24.7240 1925-02-01 24.9140 1925-03-01 24.8000 1925-04-01 24.9370 1925-05-01 25.1250 1925-06-01 25.3620 1925-07-01 25.4680 1925-08-01 25.9410 1925-09-01 26.2410 1925-10-01 26.2300 1925-11-01 26.1430 1925-12-01 26.0870 1926-01-01 26.0960 1926-02-01 26.2010 1926-03-01 26.1040 1926-04-01 25.8790 1926-05-01 26.1280 1926-06-01 26.0820 1926-07-01 25.8570 1926-08-01 25.9680 1926-09-01 25.8920 1926-10-01 25.6870 1926-11-01 25.7280 1926-12-01 25.4390 1927-01-01 25.5260 1927-02-01 25.6630 1927-03-01 25.8310 1927-04-01 25.7240 1927-05-01 26.1640 1927-06-01 25.7960 1927-07-01 25.8300 1927-08-01 25.9770 1927-09-01 25.8220 1927-10-01 25.9300 1927-11-01 26.3880 1927-12-01 25.7410 1928-01-01 26.1370 1928-02-01 26.2110 1928-03-01 26.2230 1928-04-01 26.5790 1928-05-01 26.3830 1928-06-01 25.7610 1928-07-01 25.9750 1928-08-01 25.8090 1928-09-01 26.0410 1928-10-01 26.2090 1928-11-01 26.4020 1928-12-01 26.4360 1929-01-01 26.1090 1929-02-01 26.2580 1929-03-01 26.2860 1929-04-01 26.3460 1929-05-01 26.0660 1929-06-01 26.1890 1929-07-01 26.6830 1929-08-01 26.4710 1929-09-01 26.4150 1929-10-01 28.2640 1929-11-01 25.5030 1929-12-01 26.4340 1930-01-01 25.6770 1930-02-01 25.9380 1930-03-01 26.3360 1930-04-01 25.9350 1930-05-01 25.3250 1930-06-01 25.2930 1930-07-01 25.4000 1930-08-01 25.0610 1930-09-01 25.0420 1930-10-01 24.9860 1930-11-01 25.0270 1930-12-01 24.9220 1931-01-01 24.5610 1931-02-01 24.7130 1931-03-01 24.7580 1931-04-01 24.2500 1931-05-01 23.8900 1931-06-01 23.8830 1931-07-01 23.8020 1931-08-01 23.4290 1931-09-01 23.3690 1931-10-01 22.7100 1931-11-01 22.3550 1931-12-01 21.8940 1932-01-01 21.5070 1932-02-01 21.3100 1932-03-01 21.1100 1932-04-01 20.8820 1932-05-01 20.5310 1932-06-01 20.4490 1932-07-01 20.1520 1932-08-01 20.1890 1932-09-01 20.2110 1932-10-01 20.2560 1932-11-01 20.5550 1932-12-01 20.3410 1933-01-01 20.6270 1933-02-01 19.9820 1933-03-01 19.0520 1933-04-01 19.0390 1933-05-01 19.4490 1933-06-01 19.2320 1933-07-01 19.0870 1933-08-01 19.1150 1933-09-01 19.1710 1933-10-01 19.3130 1933-11-01 19.5580 1933-12-01 19.7590 1934-01-01 19.7200 1934-02-01 20.2980 1934-03-01 20.7480 1934-04-01 20.8800 1934-05-01 20.9970 1934-06-01 21.0680 1934-07-01 21.5390 1934-08-01 22.1270 1934-09-01 22.0240 1934-10-01 22.5570 1934-11-01 23.0170 1934-12-01 22.7740 1935-01-01 23.6480 1935-02-01 24.3530 1935-03-01 24.2590 1935-04-01 24.5860 1935-05-01 24.7730 1935-06-01 25.1990 1935-07-01 25.4340 1935-08-01 26.8040 1935-09-01 26.3810 1935-10-01 26.7140 1935-11-01 27.2680 1935-12-01 27.0320 1936-01-01 27.0620 1936-02-01 27.5390 1936-03-01 27.5810 1936-04-01 28.1370 1936-05-01 28.9450 1936-06-01 29.6300 1936-07-01 29.7890 1936-08-01 29.6910 1936-09-01 30.1960 1936-10-01 30.1580 1936-11-01 30.4180 1936-12-01 30.8520 1937-01-01 30.6020 1937-02-01 30.8770 1937-03-01 31.0710 1937-04-01 30.9770 1937-05-01 30.6010 1937-06-01 30.5870 1937-07-01 30.5190 1937-08-01 30.3110 1937-09-01 30.1530 1937-10-01 29.5630 1937-11-01 29.3390 1937-12-01 29.0890 1938-01-01 29.3100 1938-02-01 29.5130 1938-03-01 29.6030 1938-04-01 29.4210 1938-05-01 29.0570 1938-06-01 29.1730 1938-07-01 29.4790 1938-08-01 30.2250 1938-09-01 30.5700 1938-10-01 30.9440 1938-11-01 31.5420 1938-12-01 31.7290 1939-01-01 31.6680 1939-02-01 31.5530 1939-03-01 32.0160 1939-04-01 32.3010 1939-05-01 32.4850 1939-06-01 32.5860 1939-07-01 33.4550 1939-08-01 34.3410 1939-09-01 35.0840 1939-10-01 35.4670 1939-11-01 36.3940 1939-12-01 36.0110 1940-01-01 36.5400 1940-02-01 37.0480 1940-03-01 37.5620 1940-04-01 37.4000 1940-05-01 38.1700 1940-06-01 38.7630 1940-07-01 39.2260 1940-08-01 39.3820 1940-09-01 39.8820 1940-10-01 40.5620 1940-11-01 41.1580 1940-12-01 41.9110 1941-01-01 42.6150 1941-02-01 43.7970 1941-03-01 44.4600 1941-04-01 44.6710 1941-05-01 45.5670 1941-06-01 45.3490 1941-07-01 46.5970 1941-08-01 46.7060 1941-09-01 47.2510 1941-10-01 47.1180 1941-11-01 47.8840 1941-12-01 48.1590 1942-01-01 49.4070 1942-02-01 50.1410 1942-03-01 50.7530 1942-04-01 51.9440 1942-05-01 53.0010 1942-06-01 53.3820 1942-07-01 55.3210 1942-08-01 56.6330 1942-09-01 57.9880 1942-10-01 60.0340 1942-11-01 61.1700 1942-12-01 62.6050 1943-01-01 64.3970 1943-02-01 67.1460 1943-03-01 69.1410 1943-04-01 68.2730 1943-05-01 69.0800 1943-06-01 72.8260 1943-07-01 75.6210 1943-08-01 79.2800 1943-09-01 71.9450 1943-10-01 73.1070 1943-11-01 76.5210 1943-12-01 79.8630 1944-01-01 78.3530 1944-02-01 79.3680 1944-03-01 80.7100 1944-04-01 82.4170 1944-05-01 84.4820 1944-06-01 83.3240 1944-07-01 84.0880 1944-08-01 86.6430 1944-09-01 88.4120 1944-10-01 90.9660 1944-11-01 93.2890 1944-12-01 90.7430 1945-01-01 93.7770 1945-02-01 95.3250 1945-03-01 97.2050 1945-04-01 98.0040 1945-05-01 98.6290 1945-06-01 94.7670 1945-07-01 99.0780 1945-08-01 100.310 1945-09-01 101.772 1945-10-01 102.526 1945-11-01 103.114 1945-12-01 102.416