PEICES OF FARM PRODUCTS. 5 
MONEY AND PRICES. 
Index numbers of monetary circulation, bank deposits, wholesale 
prices, and farm prices are shown in Table III. The close relation- 
ship between prices and money is shown. At first bank deposits 
advanced more rapidly than prices, but the index numbers for prices 
later rose to a higher point than bank deposits. 
INDEX NUMBERS OF MONETARY CIRCULATION, 
BANK DEPOSITS AND WHOLESALE PRICES 
FIVE YEAR AVERAGE, 1910-1914 = 100 
Fig. 3. — Monetary circulation, bank deposits, and wholesale prices in the United States. 
Table III. — Monetary circulation, bank deposits, and ivholesale prices in the United 
States. 
[All index numbers 1910-1914=100.] 
Year. 
Monetary circula- 
tion. 1 
Bank deposits. 1 
Index No. 
wholesale 
prices 
(Table 1). 
Index No. 
of weighted 
average 
prices of 31 
farmprod- 
ucts (table 
XVIII). 
Circulation 
(000,000 
omitted). 
Index 
No. 
Deposits 
(000,000 
omitted). 
Index 
No. 
1910 
3,102 
3,214 
3,285 
3,364 
3,402 
3,569 
4,024 
4,764 
5,379 
5,766 
6,088 
95 
98 
100 
103 
104 
109 
123 
146 
164 
176 
186 
15, 283 
15, 906 
17, 024 
17, 476 
18, 518 
19, 226 
22, 878 
26, 290 
27, 932 
32, 703 
37, 860 
91 
94 
101 
104 
110 
114 
136 
156 
166 
194 
225 
99 
98 
101 
102 
102 
102 
126 
178 
200 
219 
250 
104 
96 
99 
99 
100 
100 
118 
179 
203 
212 
216 
1911 
1912 
1913 
1914 
1915 
1916 
1917 
1918 
1919 
1920 
1 TJ. S. Statistical Abstract, p. 754, 1919; Report Comptroller of Currency, pp. 22 and 
262. 1920. 
