Table :

TABLE 14-2 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%

Source: U.S. Census Bureau (1975), Historical Statistics of the United States.