The Beige Book

the Summary of Commentary on Current Economic Conditions

published by the United States Federal Reserve Board

How is the information used?

The anecdotal information collected in the Beige Book supplements the data and analysis used by Federal
Reserve economists and staff to assess economic conditions in the Federal Reserve Districts. This
information enables comparison of economic conditions in different parts of the country, which can be
helpful for assessing the outlook for the national economy. The Beige Book also serves as a regular
summary of the Federal Reserve System’s efforts to listen to businesses and community organizations.

The System serves commonwealths and territories as follows: the New York Bank serves the Commonwealth of
Puerto Rico and the U.S. Virgin Islands; the San Francisco Bank serves American Samoa, Guam, and the
Commonwealth of the Northern Mariana Islands.

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Boston A-1 First District Chicago G-1 Seventh District
New York B-1 Second District St. Louis H-1 Eighth District
Philadelphia C-1 Third District Minneapolis I-1 Ninth District
Cleveland D-1 Fourth District Kansas City J-1 Tenth District
Richmond E-1 Fifth District Dallas K-1 Eleventh District
Atlanta F-1 Sixth District San Francisco L-1 Twelfth District
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The Beige Book, more formally called the Summary of Commentary on Current Economic
Conditions, is a report published by the United States Federal Reserve Board eight times a year.

 the Summary of Commentary is an analysis of economic activity and conditions, prepared

with the aid of reports from the district Federal Reserve Banks and issued by the central bank
 of the Federal Reserve for its policy makers before a Federal Open Market Committee
meeting.

 The Federal Open Market Committee (FOMC), a committee within the Federal Reserve
System (the Fed), is charged under the United States law with overseeing the nation's open
market operations (e.g., the Fed's buying and selling of United States Treasury
securities).[1] This Federal Reserve committee makes key decisions about interest rates and
the growth of the United States money supply.

 Each report is a gathering of "anecdotal information on current economic conditions" by

each Federal Reserve Bank in its district from "Bank and Branch directors and interviews
with key business contacts, economists, market experts, and others."
----------------------------------------------------------Definitions------------------------------------------------------------
Anecdotal evidence is evidence from anecdotes, i.e., evidence collected in a casual or informal
manner and relying heavily or entirely on personal testimony
* Anecdotal evidence is based on hearsay rather than hard facts.)

- an·ec·dote > a short, obscure historical or biographical account.

- bi·o·graph·i·cal > A biography, or simply bio, is a detailed description of a person's life
- dy·nam·ics > the forces or properties that stimulate growth, development, or change within a
system or process
- stim·u·late > encourage development of or increased activity in (a state or process)
- char·ac·ter·ize > describe the distinctive nature or features of.
- Supplement > to add something extra in order to improve something or make it bigger; To
include something or someone.

- sur·e·ty > a person who takes responsibility for another's performance of an undertaking, for
example their appearing in court or the payment of a debt.

- Surety bond > A surety bond or surety is a promise by a surety or guarantor to pay one
party a certain amount if a second party fails to meet some obligation, such as fulfilling the
terms of a contract. Wikipedia
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Fact 1 All bank holding companies in the US are required to register with the Board of
Governors of the Federal Reserve System / The Federal Reserve Board of Governors in
Washington DC (https://www.federalreserve.gov/)
Fact 2
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FDIC: Federal Deposit Insurance Corporation

https://www.fdic.gov/
- The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by
the U.S. Congress to maintain stability and public confidence in the nation's financial system
by insuring deposits, examining and supervising financial institutions for safety and
soundness and consumer protection, and managing

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