ECONOMIC

TABLE B-88.—Business formation and business failures, 1929-76Business failures *Year or monthIndexof netbusinessformation(1967=100)Newbusinessrations(numhnr\Der>nessfailureTotalNumber of failuresLiability sizeclassUnder$100,000$100,000andoverTotalAmount of currentliabilities (millionsof dollars)Liability sizeclassUnder$100,000$100, 000andover192919333 . ...1939 3 . . ..194019411942194319441945194619471948194919501951195219531954195519561957195819591960. .1961...196219631964196519661967 . . . .19681969197019711972197319741975112.687.893.193.398.294.491.399.195.290.489.596.892.488.390.793.397.298.698.2100.0109.8116.2108.0111.0117.9117.9112.4108.9132,916112,89796,34685,64093,09283,77892,946102, 706117,411139,915141,163137,112150,781193,067182,713181,535182,057186,404197, 724203,897200,010206,569233,635274,267264,209287, 577316,601329,358319,149326, 345103.9100.369.663.054.444.616.46.54.25.214.320.434.434.330.728.733.242.041.648.051.755.951.857.064.460.856.353.253.351.649.038.637.343.841.738.336.438.442.622,90919,85914,76813,61911,8489,4053,2211,2228091,1293,4745,2509,2469,1628,0587,6118,86211,08610,96912,68613, 73914,96414,05315,44517,07515, 78214,37413, 50113,51413,06112,3649,6369,15410,74810,3269,5669,3459,91511, 43222,16518, 88014,54113,40011,6859,2823,1551,1767591,0033,1034,8538,7088,7467 f 6267,0818,07510,22610,11311,61512, 54713,49912,70713,65015,00613,77212,19211,34611,34010,83310,1447,8297,1928,0197,6117,0406,6276,7337,5047449792272191631236646501263713975384164325307878608561,0711,1921,4651,3461,7952,0692,0102,1822,1552,1742,2282,2201,8071,9622,7292,7152,5262,7183,1823,928483.3457.5182.5166.7136.1100.845.331.730.267.3204.6234.6308.1248.3259.5283.3394.2462.6449.4562.7615.3728.3692.8938.61,090.11,213.61,352.61,329.21,321.71,385.71,265.2941.01,142.11,887.81,916.92,000.22,298.63,053.14, 380.2261.5215.5132.9119.9100.780.330.214.511.415.763.793.9161.4151.2131.6131.9167.5211.4206.4239.8267.1297.6278.9327.2370.1346.5321.0313.6321.7321.5297.9241.1231.3269.3271.3258.8235.6256.9298.6221.8242.049.746.835.420.515.117.118.851.6140.9140.7146.797.1128.0151.4226.6251.2243.0322.9348.2430.7413.9611.4720.0867.11,031.61,015.61,000.01,064.1967.3699.9910.81,618.41,645.61,741.52,063.02,796.34,081.6Seasonally adjusted1975: JanFebMarAprMayJuneJulyAugSept -.OctNovDec1976: JanFeb ...MarAprMayJuneJulyAugSeptOct .Nov_102.9101.7103.0103.4104.8110.7113.7112.6113.1112.0112.5116.0115.4114.5116.3115.7114.9118.6117.8117 8118.3120.024, 40624,29824,92226, 50626,63426, 23128,57128, 63229,00029,46928, 79529, 70429, 60428,97330,91029, 87628,63731, 60030,11432,74632, 36832,88733,57446.844.946.349.143.436.541.941.442.244.937.035.436.938.236.335.435.032.731.235.734.934.71,0809631,1451,2021,045805904891853987801756886867965888835775689798714745677627774756728572553608559645521484530572618587546498458498454496403336371446317233351283294342280111356295347301289111231300260249391.1384.8343.3372.1357.8175.9242.0222.4205.54 1,295.4252.9136.9257.1211.8247.7206.4233.3373.6305.6264.0250.3183.625.525.030.229.929.222.521.723.122.725.422.420.922.023.926.023.123.320.319.121.518.420.4365.7359.8313.2342.2328.6153.4220.4199.3182.81,270.0230.4115.9235.1187.8221.6183.3210.0353.3286.5242.4231.9163.2* Commercial and industrial failures only. Excludes failures of banks and railroads and, beginning 1933, of real estate,insurance, holding, and financial companies, steamship lines, travel agencies, etc.3 Failure rate per 10,000 listed enterprises.»Series revised; not strictly comparable with earlier data.«Excluding W. T. Grant, current liabilities were $264.9 billion.Sources: Department of Commerce (Bureau of Economic Analysis) and Dun & Bradstreet, Inc.289