Economy of New York City bank with a permanent vote on the Federal Open Market Committee and its president is traditionally selected as the Committee's vice chairman. The bank also has the largest gold repository in the world, larger even than Fort Knox. Its vault is 80 feet (25 m) beneath the street and holds $160 billion worth of gold bullion. Silicon Alley, centered in Manhattan, has evolved into a metonym for the sphere encompassing the New York City metropolitan region's high tech enterprises involving the Internet, new media, telecommunications, digital media, software development, biotechnology, game design, and other fields within information technology that are
Silicon Slopes grouping includes memory process technology companies SanDisk and the Intel/Micron joint venture IM Flash Technologies, video game software development companies EA Sports, and data analysis software including Adobe Systems. It is one of a growing number of technology communities (List of places with "Silicon" names) and technology centers (List of technology centers) gaining status from their relationship to or similarity with Silicon Valley, California. The term "Silicon Slopes" is the brainchild of Josh James (founder and CEO of Domo) for the purpose of creating a branding campaign to promote Utah's growing technology community. The nickname is derived from "Silicon Valley,"