The Federal Reserve Bank of Boston, commonly known as the Boston Fed, is responsible for the

First District First or 1st is the ordinal form of the number one (#1). First or 1st may also refer to: *World record, specifically the first instance of a particular achievement Arts and media Music * 1$T, American rapper, singer-songwriter, DJ, and reco ...

of the

Federal Reserve The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a ...

, which covers

New England New England is a region comprising six states in the Northeastern United States: Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. It is bordered by the state of New York to the west and by the Canadian provinces ...

Maine Maine () is a state in the New England and Northeastern regions of the United States. It borders New Hampshire to the west, the Gulf of Maine to the southeast, and the Canadian provinces of New Brunswick and Quebec to the northeast and north ...

Massachusetts Massachusetts (Massachusett language, Massachusett: ''Muhsachuweesut assachusett writing systems, məhswatʃəwiːsət'' English: , ), officially the Commonwealth of Massachusetts, is the most populous U.S. state, state in the New England ...

New Hampshire New Hampshire is a U.S. state, state in the New England region of the northeastern United States. It is bordered by Massachusetts to the south, Vermont to the west, Maine and the Gulf of Maine to the east, and the Canadian province of Quebec t ...

Rhode Island Rhode Island (, like ''road'') is a U.S. state, state in the New England region of the Northeastern United States. It is the List of U.S. states by area, smallest U.S. state by area and the List of states and territories of the United States ...

Vermont Vermont () is a state in the northeast New England region of the United States. Vermont is bordered by the states of Massachusetts to the south, New Hampshire to the east, and New York to the west, and the Canadian province of Quebec to ...

and all of

Connecticut Connecticut () is the southernmost state in the New England region of the Northeastern United States. It is bordered by Rhode Island to the east, Massachusetts to the north, New York to the west, and Long Island Sound to the south. Its cap ...

except

Fairfield County Fairfield County is the name of three counties in the United States: * Fairfield County, Connecticut * Fairfield County, Ohio Fairfield County is a county located in the U.S. state of Ohio. As of the 2020 census, the population was 158,921. ...

. The code of the Bank is A1, meaning that dollar bills from this Bank will have the letter A on them. The Boston Fed describes its mission as promoting "growth and financial stability in New England and the nation". The Boston Fed also includes the New England Public Policy Center. Current Federal Reserve Bank of Boston president is

Susan Collins Susan Margaret Collins (born December 7, 1952) is an American politician serving as the senior United States senator from Maine. A member of the Republican Party, she has held her seat since 1997 and is Maine's longest-serving member of Co ...

, who is the first Black woman and the first woman of color to lead any of the 12 regional Federal bank branches. It has been headquartered since 1977 in the distinctive tall, 32-story Federal Reserve Bank Building at 600 Atlantic Avenue,

Boston Boston (), officially the City of Boston, is the state capital and most populous city of the Commonwealth of Massachusetts, as well as the cultural and financial center of the New England region of the United States. It is the 24th- mo ...

. Designed by

architecture Architecture is the art and technique of designing and building, as distinguished from the skills associated with construction. It is both the process and the product of sketching, conceiving, planning, designing, and constructing building ...

firm Hugh Stubbins & Associates, the tower portion of the building is suspended between two towers on either side. From 1922 to 1977, the bank's headquarters were located at 250 Franklin Street, currently occupied by the

Langham Hotel Boston Langham Hotel Boston is a luxury hotel in a historic building located at 250 Franklin Street in the financial district of Boston, Massachusetts. Constructed in 1922, with a 1953 addition, the architecturally significant structure was the first Fed ...

. This building was designated a

Boston Landmark A Boston Landmark is a designation by the Boston Landmarks Commission for historic buildings and sites throughout the city of Boston based on the grounds that it has historical, social, cultural, architectural or aesthetic significance to New Engla ...

by the

Boston Landmarks Commission The Boston Landmarks Commission (BLC) is the historic preservation agency for the City of Boston. The commission was created by state legislation i1975 History Urban renewal in the United States started with the Housing Act of 1949, part of Preside ...

in 1978.

Board of Directors

The following people serve on the board of directors . Terms expire on December 31 of their final year on the board.

Class A

Class B

Class C

Governors and presidents

The position was installed under the title of “Governor” until the

Banking Act of 1935 The ''Banking Act of 1935'' passed on August 19, 1935 and was signed into law by the president, Franklin D. Roosevelt, on August 23. The Act changed the structure and power distribution in the Federal Reserve System that began with the '' Banking ...

abolished the dual role of governor and agent and created a single leadership role – president.

Image gallery

Image:Federal Reserve Bank of Boston.jpg, On an overcast day. Image:Federalreservebankboston-7.jpg, The Federal Reserve Bank's position to the rest of the Financial District of Boston. Image:Federalreservebankboston-6.jpg, The parking lot security methods installed for the Federal Reserve Bank of Boston. Image:Federalreservebankboston-5.jpg, The Federal Reserve Bank of Boston building viewed from the back. Image:Federalreservebankboston-4.jpg, The Federal Reserve Bank of Boston viewed from the side at street level. The entire building is covered with a matte aluminum paneling. Image:Federalreservebankboston-3.jpg, The Federal Reserve Bank of Boston building front entrance. Image:Federalreservebankboston-2.jpg, The Federal Reserve Building of Boston viewed from the side. Image:Federalreservebankboston-1.jpg, The Federal Reserve Bank of Boston tower near the South Boston financial district. Image:FederalReserveBankBuildingBoston.jpg, The Federal Reserve Bank Building in Downtown Boston.

References

External links

Boston Fed home pageBoston BranchAnnual Reports
of the Federal Reserve Bank of Boston from 1916 to 1967 {{DEFAULTSORT:Federal Reserve Bank Of Boston Economy of the Northeastern United States

Landmarks in Financial District, Boston New England