Federal reserve bank of new hampshire
The Federal Reserve Bank of Boston serves the First Federal Reserve District, which includes the states of Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. While there is no separate Federal Reserve Bank of New Hampshire, the Federal Reserve Bank of Boston has a branch office in Manchester, New Hampshire.
Here are some key facts about the Federal Reserve Bank of Boston and its presence in New Hampshire:
- Branch Office: The Federal Reserve Bank of Boston has a branch office in Manchester, New Hampshire, which serves as a hub for the bank's activities in the state.
- Economic Research: The Federal Reserve Bank of Boston conducts economic research and analysis on the regional economy, including the economy of New Hampshire. The bank publishes regular reports and data on the state's economic conditions.
- Community Development: The Federal Reserve Bank of Boston has a community development department that works with local organizations and stakeholders to promote economic development and financial inclusion in New Hampshire.
- Financial Education: The bank offers financial education programs and resources to help individuals and businesses in New Hampshire make informed financial decisions.
- Monetary Policy: The Federal Reserve Bank of Boston plays a key role in implementing monetary policy for the United States, including setting interest rates and regulating the money supply.
Some of the key statistics and data on the economy of New Hampshire, as reported by the Federal Reserve Bank of Boston, include:
- GDP: New Hampshire's GDP was approximately $64 billion in 2020.
- Unemployment Rate: The state's unemployment rate was 2.4% in December 2020.
- Population: New Hampshire's population was approximately 1.37 million as of 2020.
- Median Household Income: The median household income in New Hampshire was approximately $73,000 in 2020.
Overall, the Federal Reserve Bank of Boston plays an important role in promoting economic growth and stability in New Hampshire, and its branch office in Manchester serves as a hub for the bank's activities in the state.