Retail Trade by Federal Reserve District, 1919 to 1939: A Statistical History

Haelim M. Park and Gary Richardson

No 16617, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Soon after beginning operations, the Federal Reserve established a nationwide network for collecting information about the economy. In 1919, the Fed began tabulating data by about retail sales, which it viewed as a fundamental measure of consumption. From 1920 until 1929, the Federal Reserve published data about retail sales each month by Federal Reserve district, but ceased to do so after 1929. It continued to compile monthly data on retail sales by reserve district, but this data remained in house. We collected these in-house reports from the archives of the Board of Governors and constructed a consistent series on retail trade at the district level. The new series enhances our understanding of economic trends during the Roaring „20s and Great Depression.

JEL-codes: E01 E21 N0 N1 N3 N32 N92 R11 Y1 (search for similar items in EconPapers)
Date: 2010-12
Note: DAE
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Citations: View citations in EconPapers (1)

Published as Haelim Park, Gary Richardson (2012), Retail Trade by Federal Reserve District, 1919 to 1939: A Statistical History, in Christopher Hanes, Susan Wolcott (ed.) Research in Economic History (Research in Economic History, Volume 28) Emerald Group Publishing Limited, pp.151 - 231

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Chapter: Retail Trade by Federal Reserve District, 1919 to 1939: A Statistical History (2012)
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