If we use 11 bits for 2048 subnets and keep all the bits '1', how will you broadcast to all the subnets. Thats basically wrong.
For 2048 subnets, you need 12 bits.
so, 164.76.01111111.11110000 would be subnet address.
Address of 1st host in this subnet = 164.76.01111111.11110001
Address of last host in this subnet = 164.76.01111111.11111110