Table :
TABLE
18-2
The Effects of Bank Runs, 1929–1933
Currency in
circulation
Checkable
bank deposits
M1
(billions of dollars)
1929
$3.90
$22.74
$26.64
1933
5.09
14.82
19.91
Percent change
+31%
−35%
−25%
Data from:
U.S. Census Bureau (1975),
Historical Statistics of the United States.