Month Billions Of Dollars 1919-12-01 4.70000 1920-01-01 4.74000 1920-02-01 4.50000 1920-03-01 4.45000 1920-04-01 4.39000 1920-05-01 4.30000 1920-06-01 4.25000 1920-07-01 4.18000 1920-08-01 4.09000 1920-09-01 4.11000 1920-10-01 4.16000 1920-11-01 4.07000 1920-12-01 4.11000 1921-01-01 4.04000 1921-02-01 3.96000 1921-03-01 3.92000 1921-04-01 3.85000 1921-05-01 3.84000 1921-06-01 3.80000 1921-07-01 3.74000 1921-08-01 3.67000 1921-09-01 3.67000 1921-10-01 3.72000 1921-11-01 3.72000 1921-12-01 3.76000 1922-01-01 3.71000 1922-02-01 3.67000 1922-03-01 3.64000 1922-04-01 3.66000 1922-05-01 3.82000 1922-06-01 3.91000 1922-07-01 3.90000 1922-08-01 3.86000 1922-09-01 3.91000 1922-10-01 4.06000 1922-11-01 4.10000 1922-12-01 4.12000 1923-01-01 4.19000 1923-02-01 4.12000 1923-03-01 4.12000 1923-04-01 4.17000 1923-05-01 4.22000 1923-06-01 4.16000 1923-07-01 4.15000 1923-08-01 3.99000 1923-09-01 4.03000 1923-10-01 4.05000 1923-11-01 4.06000 1923-12-01 4.14000 1924-01-01 4.25000 1924-02-01 4.17000 1924-03-01 4.18000 1924-04-01 4.22000 1924-05-01 4.22000 1924-06-01 4.31000 1924-07-01 4.48000 1924-08-01 4.58000 1924-09-01 4.68000 1924-10-01 4.73000 1924-11-01 4.74000 1924-12-01 4.92000 1925-01-01 5.01000 1925-02-01 5.06000 1925-03-01 5.12000 1925-04-01 5.10000 1925-05-01 5.17000 1925-06-01 5.29000 1925-07-01 5.37000 1925-08-01 5.38000 1925-09-01 5.45000 1925-10-01 5.56000 1925-11-01 5.70000 1925-12-01 5.84000 1926-01-01 5.87000 1926-02-01 5.77000 1926-03-01 5.65000 1926-04-01 5.58000 1926-05-01 5.59000 1926-06-01 5.69000 1926-07-01 5.74000 1926-08-01 5.77000 1926-09-01 5.85000 1926-10-01 5.74000 1926-11-01 5.63000 1926-12-01 5.77000 1927-01-01 5.92000 1927-02-01 5.78000 1927-03-01 5.87000 1927-04-01 5.93000 1927-05-01 6.02000 1927-06-01 6.22000 1927-07-01 6.19000 1927-08-01 6.20000 1927-09-01 6.30000 1927-10-01 6.42000 1927-11-01 6.49000 1927-12-01 6.68000 1928-01-01 6.81000 1928-02-01 6.61000 1928-03-01 6.59000 1928-04-01 6.92000 1928-05-01 7.08000 1928-06-01 6.96000 1928-07-01 6.96000 1928-08-01 6.82000 1928-09-01 6.84000 1928-10-01 6.87000 1928-11-01 7.08000 1928-12-01 7.20000 1929-01-01 7.51000 1929-02-01 7.52000 1929-03-01 7.58000 1929-04-01 7.39000 1929-05-01 7.22000 1929-06-01 7.33000 1929-07-01 7.72000 1929-08-01 7.58000 1929-09-01 7.65000 1929-10-01 8.10000 1929-11-01 8.25000 1929-12-01 7.97000 1930-01-01 7.79000 1930-02-01 7.67000 1930-03-01 7.96000 1930-04-01 8.27000 1930-05-01 8.31000 1930-06-01 8.56000 1930-07-01 8.39000 1930-08-01 8.35000 1930-09-01 8.38000 1930-10-01 8.24000 1930-11-01 7.90000 1930-12-01 7.78000 1931-01-01 7.50000 1931-02-01 7.32000 1931-03-01 7.30000 1931-04-01 7.16000 1931-05-01 7.00000 1931-06-01 6.77000 1931-07-01 6.63000 1931-08-01 6.48000 1931-09-01 6.41000 1931-10-01 5.97000 1931-11-01 5.86000 1931-12-01 5.76000 1932-01-01 5.64000 1932-02-01 5.50000 1932-03-01 5.39000 1932-04-01 5.15000 1932-05-01 4.98000 1932-06-01 4.81000 1932-07-01 4.62000 1932-08-01 4.58000 1932-09-01 4.52000 1932-10-01 4.44000 1932-11-01 4.28000 1932-12-01 4.32000 1933-01-01 4.22000 1933-02-01 4.22000 1933-03-01 3.93000 1933-04-01 3.75000 1933-05-01 3.87000 1933-06-01 3.94000 1933-07-01 4.03000 1933-08-01 3.97000 1933-09-01 3.92000 1933-10-01 3.84000 1933-11-01 3.77000 1933-12-01 3.80000 1934-01-01 3.74000 1934-02-01 3.76000 1934-03-01 3.73000 1934-04-01 3.76000 1934-05-01 3.69000 1934-06-01 3.73000 1934-07-01 3.70000 1934-08-01 3.46000 1934-09-01 3.25000 1934-10-01 3.17000 1934-11-01 3.12000 1934-12-01 3.20000 1935-01-01 3.16000 1935-02-01 3.11000 1935-03-01 3.20000 1935-04-01 3.12000 1935-05-01 3.15000 1935-06-01 3.13000 1935-07-01 3.13000 1935-08-01 3.07000 1935-09-01 3.07000 1935-10-01 3.04000 1935-11-01 3.06000 1935-12-01 3.20000 1936-01-01 3.17000 1936-02-01 3.13000 1936-03-01 3.27000 1936-04-01 3.30000 1936-05-01 3.26000 1936-06-01 3.41000 1936-07-01 3.24000 1936-08-01 3.15000 1936-09-01 3.23000 1936-10-01 3.19000 1936-11-01 3.18000 1936-12-01 3.28000 1937-01-01 3.24000 1937-02-01 3.24000 1937-03-01 3.35000 1937-04-01 3.32000 1937-05-01 3.39000 1937-06-01 3.40000 1937-07-01 3.38000 1937-08-01 3.36000 1937-09-01 3.32000 1937-10-01 3.10000 1937-11-01 2.86000 1937-12-01 2.86000 1938-01-01 2.74000 1938-02-01 2.63000 1938-03-01 2.65000 1938-04-01 2.46000 1938-05-01 2.44000 1938-06-01 2.53000