Starting with the 100th Annual Report (published May 21, 2014) the Annual Report Budget Review now appears as Section 12 of the Annual Report (PDF)

Reports on the current budgeted expenses of the Board of Governors and the Federal Reserve Banks. The previous year's income and expenses are also discussed. Describes the budgeting process for the Board and Banks and shows trends in expenses and employment.

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Last Update: December 29, 2016