Beige Book

AAA

DEFINITION of 'Beige Book'

A commonly used name for the Fed report called the Summary of Commentary on Current Economic Conditions by Federal Reserve District. It is published just before the FOMC meeting on interest rates and is used to inform the members on changes in the economy since the last meeting.

INVESTOPEDIA EXPLAINS 'Beige Book'

This report is published eight times per year. Each Federal Reserve bank gathers anecdotal information on current economic conditions in its district. The beige book generally consists of reports from bank and branch directors and interviews with key business contacts, economists, market experts, and other sources. The beige book summarizes this information by district and sector. In preparing for the meetings, FOMC members also receive the "green book," containing the FRB staff forecasts of the U.S. economy. This is coupled with the "blue book," which presents the board staff's analysis of monetary policy alternatives. Only the beige book is available to the public, and it is released approximately two weeks before each FOMC meeting.

RELATED TERMS
  1. Federal Reserve Bank

    The central bank of the United States and the most powerful financial ...
  2. Federal Funds Rate

    The interest rate at which a depository institution lends funds ...
  3. Federal Reserve Bank Of San Francisco

    The Federal Reserve Bank responsible for the twelfth district, ...
  4. Federal Reserve Bank Of Atlanta

    The Federal Reserve bank responsible for the sixth district and ...
  5. Federal Open Market Committee - ...

    The branch of the Federal Reserve Board that determines the direction ...
  6. Federal Reserve Board - FRB

    The governing body of the Federal Reserve System. The seven members ...
Related Articles
  1. The Federal Reserve
    Economics

    The Federal Reserve

  2. Economic Indicators To Know
    Retirement

    Economic Indicators To Know

  3. Are Countries Leaving The EU?
    Economics

    Are Countries Leaving The EU?

  4. Decoding “Normal” Interest Rates
    Economics

    Decoding “Normal” Interest Rates

comments powered by Disqus
Hot Definitions
  1. Correlation

    In the world of finance, a statistical measure of how two securities move in relation to each other. Correlations are used ...
  2. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. ...
  3. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  4. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  5. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  6. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
Trading Center