Understanding The BGFRS Beige Book

by C. Henry Adams

The acronym, ' BGFRS ' identifies Board of Governors of the Federal Reserve System.

In 1970, the Red Book which is now called, the ' Beige Book ' was established under the leadership of US Ambassador & Chairman of the Board of Governors of the Federal Reserve System - Arthur Frank Burns.

Unlike the illustration of a beige colored book shown above, this research information mentioned is actually recognized as the ' Summary of Commentary on Current Economic Conditions '.

There are approximately (12) twelve Federal Reserve Banks in the United States of America:

1)  Federal Reserve Bank of Boston
2)  Federal Reserve Bank of New York
3)  Federal Reserve Bank of Philadelphia
4)  Federal Reserve Bank of Cleveland
5)  Federal Reserve Bank of Richmond
6)  Federal Reserve Bank of Atlanta
7)  Federal Reserve Bank of Chicago
8)  Federal Reserve Bank of St. Louis
9)  Federal Reserve Bank of Minneapolis
10)  Federal Reserve Bank of Kansas City
11)  Federal Reserve Bank of Dallas
12) Federal Reserve Bank of San Francisco

...which report the following (8) eight circumstances:

A)  Summary of Economic Activity
B)  Employment and Wages
C)  Prices
D)  Consumer Spending
E)  Manufacturing and Distribution
F)  Services
G)  Real Estate and Construction
H)  Banking and Finance
This report is submitted (8) times per year.  Today is January 16th, 2019, thus the first of eight to be submitted for 2019.


  https://www.federalreserve.gov/monetarypolicy/beigebook201901.htm
 


As a Consultant since 1998 or for 21 years, I encourage you to learn more about the US Economy.

Well, these are my thoughts, what say you?

I welcome your comments.

Thanks!


C. Henry Adams
977 Montreal Rd
Box 1089
Clarkston, Georgia 30021
bienminc@gmail.com
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(404) 254-7187

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