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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 658,893 residents as of July 1, 2014, 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 nearly 200 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)

(2014)
Employment in the District of Columbia by Industry

(Annual Average Data) (1)
Georgetown University   Industry
Calendar Year 2014
Washington Hospital Center Federal Government
197,000
George Washington University   District Government
33,500
Children's National Hospital   Public Transportation
4,300
American University   Trade, Trans. & Utilities
30,700
Georgetown University Hospital   Financial Activities
30,300
Howard University   Professional & Business Services
157,800
Fannie Mae   Other Private
300,100
Booz Allen & Hamilton Inc.     Total Service-Providing
738,500
Allied Barton Security Services LLC     Total Goods-Producing
15,300
Red Coats     Total Non-Farm
753,800
Providence Hospital  
George Washington University Hospital   -------------------------------------------------
Source: U.S. Department of Labor, Bureau of Labor Statistics.
Sibley Memorial Hospital   (1) Not seasonally adjusted. Data may not equal totals due to independent rounding.
Howard University Hospital  

Total Employees = 56,185
Percentage of Total Employment = 11.3%
 

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(1) This data is produced through the Quarterly Covered Employment and Wage (QCEW) Program, a Bureau of Labor Statistics federal/state cooperative statistical program. Release of data under this program is subject to the Confidential Information Protection and Statistical Efficiency Act of 2002. The District cannot release company specific employment information without the written consent of each of the companies that are included in the release of such data. As a result, the District only presents rank and total employment information for the top fifteen principal employers.

Source: District’s Fiscal Year 2014 CAFR; Statistical Section (unaudited), Exhibit S-4B, as derived from data from the Department of Employment Services, Labor Market Research and Information Office.


Demographic Statistics
 
Population
Median Age
Per Capita Personal Income
Year
D.C
D.C
D.C
U.S.
% of D.C. to U.S.
2010
605,125
33.8
$69,431
$40,144
173.0%
2011
619,624
33.7
$74,103
$42,332
175.1%
2012
633,427
33.6
$75,950
$44,200
171.8%
2013
646,449
33.8
$75,329
$44,765
168.3%
2014
658,893
N/A
$76,532
$46,129
165.9%

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Sources: U.S. Census Bureau and U.S. Bureau of Economic Analysis.