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Beige Book

   Also found in: Wikipedia 0.01 sec.
Beige Book
A commonly used name for the Fed report entitled "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.

Notes:
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.


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The Federal Reserve's Beige Book says farmers in most districts are upbeat because of weather and good prices.
The new Beige Book Report, a regularly released anecdotal report prepared by the Federal Reserve and named for the color of its cover, also revealed that the wage and price pressures were mixed.
The Federal Reserve Board announced on November 21, 2003, that it would release the November Beige Book on Wednesday, November 26, 2003, at noon EST because of the early closure of some financial markets.
 
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