The Federal Reserve Bank of Boston, commonly known as the Boston Fed, is responsible for the First District 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. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of ...

, which covers

New England New England is a region consisting of 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 (state), New York to the west and by the ...

Maine Maine ( ) is a U.S. state, state in the New England region of the United States, and the northeasternmost state in the Contiguous United States. It borders New Hampshire to the west, the Gulf of Maine to the southeast, and the Provinces and ...

Massachusetts Massachusetts ( ; ), officially the Commonwealth of Massachusetts, is a U.S. state, state in the New England region of the Northeastern United States. It borders the Atlantic Ocean and the Gulf of Maine to its east, Connecticut and Rhode ...

New Hampshire New Hampshire ( ) is a U.S. state, state in the New England region of the Northeastern United States. It borders 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 ( ) is a state in the New England region of the Northeastern United States. It borders Connecticut to its west; Massachusetts to its north and east; and the Atlantic Ocean to its south via Rhode Island Sound and Block Is ...

Vermont Vermont () is a U.S. state, state in the New England region of the Northeastern United States. It borders Massachusetts to the south, New Hampshire to the east, New York (state), New York to the west, and the Provinces and territories of Ca ...

and all of

Connecticut Connecticut ( ) is a U.S. state, state in the New England region of the Northeastern United States. It borders Rhode Island to the east, Massachusetts to the north, New York (state), New York to the west, and Long Island Sound to the south. ...

except

Fairfield County Fairfield County is the name of three counties in the United States: * Fairfield County, Connecticut * Fairfield County, Ohio * Fairfield County, South Carolina {{Geodis, uscounty ...

. 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 ...

, 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 is the capital and most populous city in the Commonwealth (U.S. state), Commonwealth of Massachusetts in the United States. The city serves as the cultural and Financial centre, financial center of New England, a region of the Northeas ...

. 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 construction, constructi ...

firm

Hugh Stubbins & Associates KlingStubbins was an architectural, engineering, interior, and planning firm headquartered in Philadelphia, with offices in Cambridge, Massachusetts; Raleigh, North Carolina; San Francisco; Washington, D.C.; and Beijing. In 1982, the Franklin Ins ...

, 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 The Langham, Boston is a luxury hotel in a historic building located at 250 Franklin Street in the Financial District, Boston, financial district of Boston, Massachusetts. It is a member of The Leading Hotels of the World and managed by Langham H ...

. 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 in 1975. History Urban renewal in the United States started with the Housing Act of 1949, part of Pres ...

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 '' Bankin ...

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