Is palau part of the Federated States of Micronesia?

To the best of my knowledge, NO! Both countries are part of the region called "Micronesia," but "Micronesia" is not a country/state/nation, just a region. However, the "Federated States of Micronesia" IS a state/country, as is Palau. Two DIFFERENT countries to be exact. I think an similar example is how Canada is part of (North) America, yet it is definitely NOT part of the United States of America.