Economic Review
I N D EX
Monthly Review of Credit and Business Conditions, September, 1919 - December, 1920.
Page AGRICULTURAL CREDIT (See Credit, Agricultural.)
BANK OF ENGLAND Reserve ratios, calculated on Federal reserve basis, July, 1920 ...... 3 BUILDING Contracts, Second Federal Reserve District, 1913-1917, January, 1920 ... 8
CALL LOANS Deposits withdrawn fo r , November, 1919 ...... 2 CANADA American investment in, March, 1920 ...... f Balance of trade with the United States, 1917-1919, March, 1920 ...... 6 CHARTS Bonds, American and English war bonds, and representative railway bonds, July, p. 5, August, p. 3, September, p. 3, October, p. 4, November, p. 4, 1920. Business a ctiv ity , March, 1920 ...... 1,£ Certificates of indebtedness, September, 1920 ...... 4 Commercial paper, October, 1920 ...... 3 Cost of living in the United States, 1914-1919, December, 1920 ...... 8 Crops, October, 1920 ...... 11 Deposits, June, 1920 ...... 4 Exports, distribution of, 1919-1920, October, 1920 ...... 6 Federal Reserve 3ank notes, and notes, June, 1920 ...... 4 Federal Reserve Bank of New York Gold reserve discounts and acceptances, February* 1920 ««. i 2 Loans, February, 1920 ...... *..... *...... 2 Reserve percentages and loans, A pril, 1920 ...... » . . * ...... 1 Federal Reserve notes, October, 1920 ...... 1 Federal Reserve System Deposits, loans, and circulation, June, 1920 ...... 4 Foreign exchange and prices in four countries, April, p. 7, September, p. f, 1920 Immigration, Port of New York, 1920, December, 1920 ...... 12 Imports, distribution of, 1919-1920, October, 1920 ...... 6 Loans, Federal Reserve System, June, p. 4, August, p. 1, 1920. Prices C iv il and Napoleonic War Periods, August, 1920 ...... 7 Exchange ra tes, A pril, p. 7, September, p. P, 1920. In five leading countries, July, p. 1, August, p. P, 1920. In four leading countries, 1914-1920, December, 1920 ...... 6 In the United States, 1825-1920, December, 1920 ...... 8 Loan expansion, May, 1920 ...... 1 Movement o f, from Arm istice, March, p. 7, June, p. 9, July, p. S, October, p. 7, November, p. 8, December, p. 7, 1920. Production and business activity, March, 1920 ...... 1,6 Production, March, 1920 ...... l , f Public debt, United States, September, 1920 ...... 4 Silver, price of, June, 1920 ...... 6 Trade, United States, September, 1920 ...... 7 Export dollar, 1914, 1919, February, 1920 ...... 5 Import dollar, 1914, 1919, February, 1920 ...... 5
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Index to Monthly Review, etc. September, 1919 - December, 192!"
Pag CHARTS (Continued) Wages, C ivil War and Napoleonic War Periods,. August, 1920 ...... 7 CHECKS Used in stock clearin gs, September, 1920 ...... 2 CLEARINGS New York City, May-August, 1919, 1920, September, 1920 *...... 2 COST OF LIVING INCREASES, 1914-1918, AND TO OCTOBER, 1919 Food, r e t a il, New York City, October, 1919 . . . * ...... ^ . 6-8 Rent, New York D is tr ict, October, 1919 ...... 7,8 COTTON Consumption decline, June-October, 1920, November, 1920 ...... 9 CREDIT Agricultural, increase for crop moving, October, 1920 ...... 1 A va ila b ility assured when ju s tifie d , December, 1920 ...... 1 Crop moving requirements, July, p. 1, October, p. 1, 1920. Price decline causes increased demand, September, p. 1, October, p. 1, November, p. 1, 1920. Conservation recommended in resolutions of New Jersey Bankers' Asso cia tio n , and New York State Bankers' A ssociation, June, 1920 . . 2 Control and reduction advisable, November, p* 1, December, p. 1, 1919; April, pp. 1-3, 1920. Discount rate advances June 1 discourage borrowing, June, 1920 ... 1 Expansion afifecte prices, March, 1920 ...... 1 Speculative dsnands, October, p. 3, November, pp. 1 ,2 , December, pp. 1,2, 1919; January, p. 2, February, p. £, 1920.
DISCOUNT RATES Federal Reserve Bank of New York Changes, November 3, (December 11, 30, 1919; January 21, June 1 , 1920) November, p. 1, December, p. 1, 1919; January, p. 2, February, p. 1, June, p. 1, 1920. Foreign banks, August, p. 5, September, p. 7, November, p. 5, 1920.
EMPLOYMENT Leading c it ie s , December, 1920 ...... 12 Percentage decline, December, 1920 ...... 11
FEDERAL RESERVE BANKS Earnings, July, p< 2, December, p. 1, 1920. FEDERAL RESERVE NOTES Circulation in Cuba, July, 1920 ...... 3 Growtn m circulation, January, 1920 ...... 6 Shipment to Cuba, February, p. 2, June, p. 4, 1920. FUNDS Increased demands from in te rio r, November, 1920 ...... Movement to and from New York City, July-September, 1920, September, p. 1, Septamber-December, 1920, December, p. 2.
GOLD
Withdrawals fran assav o ffic e for in d u strial purposes, November, 1919 ......
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}ex to Monthly Review, etc. September, 1919-December, IS
Page GREAT BRITAIN Bank of England, reserve ratios calculated on Federal Reserve basis, August, 1920...... 3 Loans and discounts index, “13 join t stock banks, 1914-1920, May, 1920...... 5
IMMIGRATION AND EMIGRATION July, 1919-January, 1920, February, 1 9 2 0 ...... 7 January-June, 1920, July, 1920...... 12 INTEREST RATES Increase in, June, 1920...... 1
JAPAN Financial crisis, April, p. 9, May, pp. 7, 8, 1920. Silk production suspended, November, 1920...... 9
LOANS, CALL (See Call Loans.)
MEMBER BANKS Advised to reduce debts to Federal Reserve Banks, December, 1 9 1 9 .... 1
PRICES R etail, decline of, May, 1920...... 1,7-8 Wholesale, decline of, November, 1920...... 9 Wholesale, index numbers for principal countries, monthly beginning September, p. 6, 1920.
RESERVE RATIOS Federal Reserve System and Bank o f England, July, 1920...... 3 RETAIL TRADE Department stores business, monthly beginning August, 1 9 2 0 ...... 10 Luxury buying increases over 1918, November, 1919,...... 2
SAILINGS American Federation of Labor resolution, June, 1920...... 2 SECURITIES Dubious issues, December, 1919...... 3 SILVER ' Price decline, June, 1920...... 5 STOCK CLEARING CORPORATION September, 1920...... 2
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