Annual Report Budget Review 2012 - Accessible Version
Figure 1. Distribution of budgeted expenses of the Federal Reserve System, 2012
Percent| Category | Percent |
|---|---|
| Reserve Banks | 73 |
| Board of Governors | 11 |
| Currency | 16 |
Figure 2. Total expenses of the Federal Reserve System, 2003–12
Billions of dollars
| Year | Current dollars | 2005 dollars1 |
|---|---|---|
| 2003 | 3.379 | 3.579 |
| 2004 | 3.298 | 3.405 |
| 2005 | 3.365 | 3.365 |
| 2006 | 3.561 | 3.447 |
| 2007 | 3.883 | 3.664 |
| 2008 | 3.872 | 3.528 |
| 2009 | 4.041 | 3.657 |
| 2010 | 4.243 | 3.789 |
| 2011 | 4.364 | 3.787 |
| 2012 | 4.721 | 3.988 |
Note: For 2012, budgeted. Includes expenses of the Office of Inspector General.
1. Calculated with the GDP price deflator. Return to table
Figure 3. Cumulative change in Federal Reserve System expenses and federal government expenses, 2003–12
Percent
| Year | Federal government1 | Federal Reserve2 |
|---|---|---|
| 2003 | 0 | 0 |
| 2004 | 5.2 | -2.4 |
| 2005 | 13.3 | -0.4 |
| 2006 | 18.4 | 5.4 |
| 2007 | 17.7 | 14.9 |
| 2008 | 24.6 | 14.6 |
| 2009 | 38.5 | 19.6 |
| 2010 | 57.0 | 25.6 |
| 2011 | 54.4 | 29.1 |
| 2012 | 45.4 | 39.7 |
Note: For 2012, budgeted. Federal government expenses are reported on a fiscal-year basis beginning October 1; the Federal Reserve System expenses are reported on a calendar-year basis.
1. Discretionary spending less expenditures on defense. Source: Budget of the United States Government, Fiscal Year 2013: Historical Tables, Table 8.1. Outlays by Budget Enforcement Act Category, 1962–2017. Return to table
2. Includes expenses of the Office of Inspector General. Return to table
Figure 4. Employment in the Federal Reserve System, 2003-12
| Year | Number |
|---|---|
| 2003 | 23,737 |
| 2004 | 22,680 |
| 2005 | 21,789 |
| 2006 | 21,691 |
| 2007 | 21,463 |
| 2008 | 20,745 |
| 2009 | 20,049 |
| 2010 | 19,669 |
| 2011 | 20,016 |
| 2012 | 20,544 |
Note: For 2012, budgeted. Employment numbers presented include position counts for the Board and average number of personnel for the Reserve Banks.
Figure 5. Federal Reserve costs for new currency, 1998–2012
Millions of dollars
| Year | Costs of new currency | |||
|---|---|---|---|---|
| 1998 | 408 | |||
| 1999 | 487 | |||
| 2000 | 456 | |||
| 2001 | 344 | |||
| 2002 | 430 | |||
| 2003 | 514 | |||
| 2004 | 514 | |||
| 2005 | 497 | |||
| 2006 | 489 | |||
| 2007 | 576 | |||
| 2008 | 500 | |||
| 2009 | 631 | |||
| 2010 | 623 | |||
| 2011 | 650 | |||
| 2012 | 747 | |||
Note: For 2012, budgeted.
Maps of the Federal Reserve System.
These maps show the boundaries of the twelve Federal Reserve Districts, the location of the Reserve Bank (and any Branch or Branches) within each District, and the Washington, D.C., location of the Board of Governors. Following is a list of the twelve Districts, by number and letter; the city in which the Reserve Bank is located; the states within the District; and the location of any Branch or Branches of the Reserve Bank.
District 1-A, Boston. Encompasses Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut (excluding Fairfield County). No Branches.
District 2-B, New York. Encompasses New York State, twelve counties in northern New Jersey, Fairfield County in Connecticut, Puerto Rico, and the U.S. Virgin Islands. No Branches.
District 3-C, Philadelphia. Encompasses eastern Pennsylvania, southern New Jersey, and all of Delaware. No Branches.
District 4-D, Cleveland. Encompasses Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia. Branches in Pittsburgh and Cincinnati.
District 5-E, Richmond. Encompasses Maryland, Virginia, North Carolina, South Carolina, and most of West Virginia. Branches in Baltimore and Charlotte.
District 6-F, Atlanta. Encompasses Alabama, Florida, Georgia, and parts of Louisiana, Mississippi, and Tennessee. Branches in Nashville, Birmingham, Jacksonville, Miami, and New Orleans.
District 7-G, Chicago. Encompasses Iowa and most of Illinois, Indiana, Michigan, and Wisconsin. Branch in Detroit.
District 8-H, St. Louis. Encompasses Arkansas and portions of Missouri, Mississippi, Tennessee, Kentucky, Indiana, and Illinois. Branches in Louisville, Memphis, and Little Rock.
District 9-I, Minneapolis. Encompasses Minnesota, Montana, North Dakota, South Dakota, twenty-six counties in northwestern Wisconsin, and the Upper Peninsula of Michigan. Branch in Helena.
District 10-J, Kansas City. Encompasses Colorado, Kansas, Nebraska, Oklahoma, Wyoming, northern New Mexico, and Western Missouri. Branches in Omaha, Denver, and Oklahoma City.