{"id":"SEC-08-022","kind":"order","level":"federal","jurisdiction":"United States","state":"","metro":"","industry":"08","agency":"","eco":"","issuer":"Board of Governors of the Federal Reserve System","authority":"Beige Book (Summary of Commentary on Current Economic Conditions by Federal Reserve District)","instrument":"Beige Book, September 8, 2021","title":"The Beige Book: Summary of Commentary on Current Economic Conditions, September 2021","dateIssued":"2021-09-08","effective":"Reporting period July-August 2021","end":"","startDate":"2021-09-08","endDate":"2021-09-30","quarters":["2021Q3"],"types":["OTHER"],"addressees":["public"],"clause":"\u0027weakness in auto sales was widely ascribed to low inventories amidst the ongoing microchip shortage\u0027; New York District: \u0027An increasingly severe shortage of auto inventories has led to weakening sales of new vehicles in recent weeks. Dealers perceive no end in sight to the microchip shortage that has severely limited their inflow of new vehicles. At this point, new cars being delivered to dealers are largely already spoken for\u0027; \u0027rising concerns about the Delta variant and the extension of federal restrictions on foreign visitors have constrained activity and led to the cancellation of summer events, such as the Fancy Foods Show and the Auto Show\u0027","enforcement":"None","functions":["SC","SR","MK","CB"],"notes":"","sourceUrl":"https://www.federalreserve.gov/monetarypolicy/beigebook202109.htm","snapshot":"","fileExists":true,"fileBytes":366055,"grade":"primary","character":"","description":"","collection":"SEC-08","url":"/library/SEC-08-022","exhibitUrl":"/exhibit/SEC-08-022","citation":"Board of Governors of the Federal Reserve System, Beige Book, September 8, 2021 (Sept. 8, 2021) (Ex. SEC-08-022)","stateName":"","related":["SEC-08-031"]}