DEFINITION of 'Beige Book'

The Beige Book is the colloquial name for Federal Reserve's "Summary of Commentary on Current Economic Conditions by Federal Reserve District," a qualitative review of economic conditions published eight times per year by the U.S. central bank. 

BREAKING DOWN 'Beige Book'

The Beige Book is published two weeks before each meeting of the Federal Open Market Committee (FOMC), the Federal Reserve body that sets interest rates, in order to inform members of changes in the economy since the previous meeting. The report is qualitative: each of the 12 regional Fed branches conducts interviews with local business leaders, economists and market participants, and each contributes a chapter to the Beige Book. Each chapters is in turn divided into sections by economic sector.

The Beige Book supplements the quantitative data reviewed by the FOMC. Of the three reports that the committee's members receive prior to meetings – the Beige Book, Blue Book (monetary policy alternatives) and Green Book (economic forecasts) – only the Beige Book is available to the public. It can be accessed through the Board of Governors' website

The report was not available to the public until 1985, when a former Dow Jones reporter asked to see it, spurring his competitors to do the same. The book was first compiled in 1970, and until a 1983 change in color scheme, it was called the Red Book.

RELATED TERMS
  1. Trading Book

    The portfolio of financial instruments held by a brokerage or ...
  2. Street Book

    A daily account of futures commission merchants and clearing ...
  3. Blue Book

    Blue Book is a reference guide showing the prices for new and ...
  4. Book Value Per Common Share

    Book value per common share is a formula used to calculate the ...
  5. Federal Open Market Committee Meeting ...

    The Federal Open Market Committee (FOMC) meeting occurs eight ...
  6. Federal Open Market Committee (FOMC)

    The Federal Open Market Committee (FOMC) is the branch of the ...
Related Articles
  1. Insights

    Fed Beige Book Calls Economic Expansion "Modest"

    The Fed described economic growth, a key issue In the presidential elections, as modest or moderate in most of its 12 districts
  2. Investing

    Investing By The Book

    Buying below book value can provide investors with a safe and consistent investment approach.
  3. Financial Advisor

    5 Must Read Finance Books

    We'll look at 5 financial books that are perennial favorites and what has made them so popular.
  4. Personal Finance

    Just the Right Book Review: Is It Worth It?

    Take an in-depth look at Just the Right Book, a subscription service that delivers personalized book selections based on your reading history and preferences.
  5. Investing

    Five Minute Investing Tutorial

    A tutorial for people who want to manage their portfolios aggressively without having it consume their lives.
  6. Investing

    6 Books for Rental Property Investors

    We'll look at six books that can help make you a better rental property investor.
  7. Managing Wealth

    No, Comic Book Investing Won’t Fund Your Retirement

    Collecting comic books can be a terrific hobby, but it's unlikely they will cover your cost of your living after you retire. Here's why.
  8. Financial Advisor

    20 Must-Read Books for Finance Professionals

    These 20 books offer insight into the past and present worlds of finance and how financial professionals can improve their business.
RELATED FAQS
  1. Market operation and its effect on Money Supply

    Understand how open market operations affect the supply of money in the economy and learn the specific ways the Federal Reserve ... Read Answer >>
Hot Definitions
  1. Bond

    A bond is a fixed income investment in which an investor loans money to an entity (corporate or governmental) that borrows ...
  2. Compound Annual Growth Rate - CAGR

    The Compound Annual Growth Rate (CAGR) is the mean annual growth rate of an investment over a specified period of time longer ...
  3. Net Present Value - NPV

    Net Present Value (NPV) is the difference between the present value of cash inflows and the present value of cash outflows ...
  4. Price-Earnings Ratio - P/E Ratio

    The Price-to-Earnings Ratio or P/E ratio is a ratio for valuing a company that measures its current share price relative ...
  5. Internal Rate of Return - IRR

    Internal Rate of Return (IRR) is a metric used in capital budgeting to estimate the profitability of potential investments.
  6. Limit Order

    An order placed with a brokerage to buy or sell a set number of shares at a specified price or better.
Trading Center