![]() It is distributed to FOMC participants during the week before an FOMC meeting-usually one day after the Greenbook.īackground on the BluebookThe Bluebook, as it is known because of its light blue cover, was first created in 1965 in order to provide additional context for the monetary policy decisions being made by the FOMC. ![]() The so-called Redbook, which was first produced in 1970, was the precursor to the Beige Book.īluebookThe Bluebook, officially entitled "Monetary Policy Alternatives," is produced by the staff of the Board of Governors to provide background and context on monetary policy alternatives that the FOMC could consider at an upcoming meeting. In addition to summaries of this information organized by District, the Beige Book presents a national summary of the information. Each Federal Reserve Bank collects anecdotal information on current economic conditions in its District through reports from Bank and Branch directors and interviews with key business contacts, economists, market experts, and other sources. Background on the Beige BookThe Beige Book, first published in 1983, is based on information gathered by Reserve Bank staff over the course of several weeks. The Beige Book, known as such for its beige cover, is officially entitled "Summary of Commentary on Current Economic Conditions by Federal Reserve District." It is produced by Reserve Bank staff and released to the public approximately two weeks prior to each regularly scheduled FOMC meeting. FOMC participants receive the agenda about a week before the meeting. It includes the standard topics covered at each such meeting (for example, reports on open market operations, the economic situation, and monetary policy alternatives), as well as any special items. For each regularly scheduled meeting, the FOMC Secretariat works with the Chairman to produce an agenda.
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