Economic Report of the President

The economic report of the President has been produced since 1950.  It is an annual report written by the Chairman of the Council of Economic Advisers and is released together with the report of the Council.  The report is issued by the Executive Office of the President. 

The report includes information about:

• annual numeric goals
• programs to carry out program objectives
• employment objectives for some of the labor force
• current and future trends; annual numerical goals about employment, production; real estate and Federal budget outlays.

Included in the subjects listed above are reports on:  tax policy; alternative energy; health and health care; credit; housing markets and export growth.

The volume contains over 100 tables of information with multiple years of analysis/statistics covered.  Each table starts in a specific year and covers time from that year to the present.  An example is below 

  

Table B-17. Real personal consumption expenditures, 1995-2010. Economic Report of the President, Transmitted to Congress, February 2011; House Document 112-2.

The report is available online at:  www.fdsys.gov.  Click on the icon on the right side of the page that says “browse collections.”  The Economic Report of the President is there from 1995 to the present.

The State Library holds paper copies of this publication as well as access to the online documents.  We invite you to room 341 of the State House to access this Federal document.  We are open Mondays through Fridays from 9 am to 5 pm.

Financial Crisis Inquiry Report

The State Library recently received the federal document The Financial Crisis Inquiry Report: Final Report of the National Commission on the Causes of the Financial and Economic Crisis in the United States. More than two years after the crisis began, Americans are experiencing the aftershocks. People have lost their jobs. Many have lost their homes, and the economy is struggling to rebound. This report is intended to provide a historical accounting of the events and to help policy makers and the public to see how the calamity came into being.

The Financial Crisis Inquiry Commission was established as part of the Fraud Enforcement and Recovery Act (Public Law 111-21). According to the preface, the Commission was created to "examine the causes of the current financial and economic crisis in the United States" and to publish their conclusions.

The publication covers topics such as subprime lending, shadow lending, credit expansion, the mortgage machine and the bust. It also explains how the financial system worked, how the pieces fit together and how the crisis occurred. The financial institutions that played a part are discussed. The institutions include American International Group (AIG), Bear Stearns, Citigroup, Countrywide Financial, Fannie Mae, Goldman Sachs, Lehman Brothers, Merrill Lynch, Moody's and Wachovia.

The report can also be found at this web address: http://www.gpo.gov/fdsys/pkg/GPO-FCIC/pdf/GPO-FCIC.pdf

Naomi Allen
Assistant Government Documents Librarian

September 16th Brown Bag on the Economic Census

Join us for a BROWN BAG LUNCH on
Thursday, September 16th, 2010
State Library of Massachusetts
Room 442 State House
12 noon until 1:30 PM

Bring your lunch and hear Arthur Bakis, Information Services Specialist at the Boston Regional Census Center, speak specifically about the Economic Census, conducted by the Census Bureau every five years ending in 2 and 7. This Census essentially does for business what the Decennial Census does for population and housing. Arthur will navigate attendees through the Census website to access Economic Census data for states, counties and communities.

Please RSVP to: http://www.surveymonkey.com/s/MDHWVKB. You may also call Reference directly at 617- 727-2590 or e-mail the department at reference.department@state.ma.us to register. Sponsored by the Friends of the State Library.

Massachusetts Benchmarks

The Journal of the Massachusetts Economy is entitled MASSACHUSETTS BENCHMARKS. It is a publication of the Federal Reserve Bank of Boston and the University of Massachusetts and is published quarterly.

The economy of Massachusetts is analyzed and discussed in articles, reports, and commentary by regions and industries. The most current issue, for example, has an article about Housing in Massachusetts and the Economic Vitality of the Blackstone Valley Mills.

The State Library has this publication in both paper format (tangible) and in its online collection.

We invite you to enrich your understanding of our economy using BENCHMARKS.

The Documents Department