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
Media in the San Francisco Bay Area of Al Jazeera Media Network, is also based in the city. As the home of Silicon Valley, several high technology companies involved with Internet media or social media are either headquartered or have a significant presence in the Bay Area. These include the following: Media in the San Francisco Bay Area The media in the San Francisco Bay Area has historically focused on San Francisco but also includes two other major media centers, Oakland and San Jose. The Federal Communications Commission, Nielsen Media Research, and other similar media organizations treat the San Francisco-Oakland-San Jose Bay Area as one entire media