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ABOUT THE DISTRICT OF COLUMBIA   

For information relevant to the purchase of a specific series of District of Columbia bonds, please review the preliminary official statement and/or final official statement, as applicable, for such series of bonds.

The District of Columbia (the "District") was created in 1791 by act of the United States Congress (the “Congress”) and Presidential proclamation and has served as the capital of the United States of America since 1800. Under Article I, Section 8 of the United States Constitution, Congress has exclusive legislative authority over the District as the Nation’s Capital. Since January 2, 1975, the District has been governed in accordance with the District of Columbia Home Rule Act, Pub. L. 93-198, an Act of Congress signed by the President on December 24, 1973, as amended (the “Home Rule Act”). Under the Home Rule Act, the District is governed by an elected Mayor and an elected Council. With limited exceptions, including the payment of the principal of and interest on bonds, the District may not obligate or expend funds absent annual Congressional appropriation.

The District is a unique governmental entity, combining state, county, and municipal characteristics. Functions performed by the District government include public safety (police, fire, corrections), consumer and business regulatory affairs, public works (highways, streets and traffic control, and sanitation), human services (health, welfare, and employment assistance), community services (recreation and libraries), economic development (planning, zoning, urban renewal, and housing), public education, and general administration. The District and its instrumentalities also operate a university, a stadium and armory complex, a convention center, a water and sewer system, and a lottery.

Although the District is primarily known as the Nation’s Capital, it is also an international city, a cultural center, and the central city of the Washington metropolitan area, which encompasses 20 jurisdictions in Maryland, Virginia and West Virginia and is the seventh largest metropolitan area in the United States. The District covers approximately 61 square miles (land) and had approximately 632,323 residents as of July 1, 2012, according to the U.S. Census Bureau estimates.

As the Nation’s Capital, the District is the seat of the three branches of the federal government and headquarters for most federal departments and agencies. In addition, the District is host to 206 foreign embassies and other recognized diplomatic missions. A number of international organizations, such as the International Monetary Fund, the World Bank, the World Health Organization, and the Organization of American States, have their headquarters in the District.

A copy of the District's most recent comprehensive Annual Financial Report is available here.

Principal Employers in the District(1)

(2012)
Employment in the District of Columbia by Industry

(Annual Average Data) (1)(2)(3)
The George Washington University   Calendar Year
2012
Georgetown University Federal Government
208,000
Washington Hospital Center   District Government
30,500
Children's National Hospital   Public Transportation
4,100
Howard University   Trade, Trans. & Utilities
27,800
Georgetown University Hospital   Financial Activities
28,100
American University   Professional & Business Services
153,300
 The Catholic University of America   Other Private
280,160
 Fannie Mae  
 Providence Hospital   Total Service-Providing
717,300
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(1) This table does not include the federal and local government as employers. Ranked by size of workforce. With the exception of Fannie Mae, all of the employers listed above are not-for-profit entities.
  Total Goods-Producing
14,500
Source: District’s Fiscal Year 2012 CAFR; Statistical Section (unaudited), Exhibit S-4B.   Total Non-Farm
731,800
    -------------------------------------------------
(1)Not seasonally adjusted. Data may not equal totals due to independent rounding. Industry classification is based on the North American Industry Classification System (NAICS).
 
    (2) Data includes all full-time and part-time employees who received pay for any part of the pay period that includes the 12th of the month.  
    (3) Proprietors, self-employed individuals, unpaid family and volunteer workers, military personnel, internationally-stationed workers, and private household workers are excluded.  
    Source: U.S. Department of Labor, Bureau of Labor Statistics.  


Demographic Statistics
 
Population
Median Age
Per Capita Personal Income
Year
D.C
D.C
D.C
U.S.
% of D.C. to U.S.
2008
580,236
34.3
$70,144
$40,873
171.6%
2009
592,228
34.0
$68,008
$39,357
172.8%
2010
604,989
33.8
$69,769
$40,163
173.7%
2011
619,020
33.7
$74,480
$42,298
176.1%
2012
632,323
33.6
$74,773
$43,735
171.0%

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Sources: U.S. Department of Commerce, Bureau of Economic Analysis, except for Median Age, which was obtained from the U.S. Department of Commerce, U.S. Census Bureau.