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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 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.
- 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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