U.S. Municipal Bonds, 1929

Bond-level cross-section of municipal debt outstanding in 1929.

UnitBond

Year1929

StructureCross-section

Bonds29,453

Download on openICPSR DOI V2 · 2024-07-01 Free openICPSR sign-in required to download.

Overview

Bond-level data on U.S. municipal bonds outstanding as of 1929.

Coverage includes every large city (population of 100,000 or more in 1930) and smaller cities in California, Indiana, Massachusetts, New York and Ohio.

Funding: Economic History Association.

Sources

Moody's Manual of Governments, 1929 edition.

Files

File	Type	Size
`moody_1929_icpsr.dta`	Stata	2.7 MB
`moody_1929_icpsr.xlsx`	Excel	1.5 MB
`codebook.docx`	Codebook	22.4 KB

All files are in the openICPSR project, version V2.

Variables

Variable names, labels and units are documented in codebook.docx, distributed with the data on openICPSR.

Research

Janas, P. (2026). “Public Goods Under Financial Distress.” Journal of Financial Economics, 176, 104205. Journal · NBER WP 34011 · Replication package

Citation

Please cite the paper(s) listed above, if any, and the openICPSR project:

openICPSR citation

Janas, Pawel. U.S. Municipal Bonds, 1929. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2024-07-01. https://doi.org/10.3886/E184123V2

BibTeX — dataset

@misc{janas_municipal_bonds,
  author    = {Janas, Pawel},
  title     = {{U.S.} Municipal Bonds, 1929},
  publisher = {Inter-university Consortium for Political and Social Research [distributor]},
  address   = {Ann Arbor, MI},
  year      = {2024},
  version   = {V2},
  doi       = {10.3886/E184123V2},
  url       = {https://doi.org/10.3886/E184123V2}
}

BibTeX — paper

@article{janas2026,
  author  = {Janas, P.},
  title   = {Public Goods Under Financial Distress},
  journal = {Journal of Financial Economics},
  volume  = {176},
  pages   = {104205},
  year    = {2026}
}

Version history

Version	Released	DOI
V2 (current)	2024-07-01	10.3886/E184123V2