Federal Reserve Bank of Boston

The Federal Reserve Bank of Boston, commonly known as the Boston Fed, is responsible for the First District of the Federal Reserve, which covers New England: Maine, Massachusetts, New Hampshire, Rhode Island, Vermont and all of Connecticut except Fairfield County. 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, 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. Designed by architecture 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. This building was designated a Boston Landmark by the Boston Landmarks Commission in 1978.

Board of directors

The following people serve on the board of directors as of July 2022. Terms expire on December 31 of their final year on the board.

File:Boston Fed map.png

Map of the First District

Class A

Class A

Name	Title	Term Expires
Ronald O'Hanley	Chairman and Chief Executive Officer State Street Corporation Boston, Massachusetts	2025
Jeanne Hulit	President and Chief Executive Officer Maine Community Bank Biddeford, Maine	2023
Sushil Tuli	Chairman and Chief Executive Officer Leader Bank, N.A. Arlington, Massachusetts	2024

Class B

Class B

Name	Title	Term Expires
Meghan Hughes, PhD	President Community College of Rhode Island Warwick, Rhode Island	2025
Kimberly Sherman Stamler	President Related Beal Boston, Massachusetts	2023
Lauren A. Smith, MD	Chief Health Equity and Strategy Officer CDC Foundation Boston, Massachusetts	2024

Class C

Class C

Name	Title	Term Expires
Corey E. Thomas (Chair)	Chairman and Chief Executive Officer Rapid7, LLC Boston, Massachusetts	2024
Lizanne Kindler	Executive Chair and Chief Executive Officer Talbots Hingham, Massachusetts	2025
Roger W. Crandall (Vice Chair)	Chairman, President, and Chief Executive Officer MassMutual Financial Group Springfield, Massachusetts	2023

Governors and presidents

The position was installed under the title of "Governor" until the Banking Act of 1935 abolished the dual role of governor and agent and created a single leadership role – president.

#	CEO	Life span	Term start	Term end	Tenure length
Governors
1	Alfred L. Aiken	1870–1946	November 25, 1914	December 20, 1917	Template:Age in years and days
2	Charles A. Morss	1857–1927	December 20, 1917	December 31, 1922	Template:Age in years and days
3	William P. G. Harding*	1864–1930	January 16, 1923	April 6, 1930	Template:Age in years and days
4	Roy A. Young	1882–1960	September 1, 1930	—	—
Presidents
4	Roy A. Young	1882–1960	—	March 31, 1942	Template:Age in years and days
5	William W. Paddock	1879–1957	April 1, 1942	May 1, 1944	Template:Age in years and days
6	Ralph Flanders	1880–1970	May 1, 1944	February 28, 1946	Template:Age in years and days
7	Laurence F. Whittemore	1894–1960	March 3, 1946	October 4, 1948	Template:Age in years and days
8	Joseph A. Erickson	1896–1983	December 15, 1948	February 28, 1961	Template:Age in years and days
9	George H. Ellis	1920–2005	March 1, 1961	June 30, 1968	Template:Age in years and days
10	Frank E. Morris†	1923-2000	August 15, 1968	December 31, 1988	Template:Age in years and days
11	Richard F. Syron	1943–	January 1, 1989	March 31, 1994	Template:Age in years and days
12	Cathy Minehan	1947–	July 13, 1994	July 20, 2007	Template:Age in years and days
13	Eric S. Rosengren	1962–	July 20, 2007	September 30, 2021	Template:Age in years and days
–	Kenneth Montgomery Acting		September 30, 2021	July 1, 2022	Template:Age in years and days
14	Susan Collins		July 1, 2022	present	Template:Age in years and days

†	Stepped down due to reaching retirement age
*	Died in office

Image gallery

• On an overcast day.
  On an overcast day.
• The Federal Reserve Bank's position to the rest of the Financial District of Boston.
  The Federal Reserve Bank's position to the rest of the Financial District of Boston.
• The parking lot security methods installed for the Federal Reserve Bank of Boston.
  The parking lot security methods installed for the Federal Reserve Bank of Boston.
• The Federal Reserve Bank of Boston building viewed from the back.
  The Federal Reserve Bank of Boston building viewed from the back.
• The Federal Reserve Bank of Boston viewed from the side at street level. The entire building is covered with a matte aluminum paneling.
  The Federal Reserve Bank of Boston viewed from the side at street level. The entire building is covered with a matte aluminum paneling.
• The Federal Reserve Bank of Boston building front entrance.
  The Federal Reserve Bank of Boston building front entrance.
• The Federal Reserve Building of Boston viewed from the side.
  The Federal Reserve Building of Boston viewed from the side.
• The Federal Reserve Bank of Boston tower near the South Boston financial district.
  The Federal Reserve Bank of Boston tower near the South Boston financial district.
• The Federal Reserve Bank Building in Downtown Boston.
  The Federal Reserve Bank Building in Downtown Boston.

See also

• Federal Reserve System
• Federal Reserve Districts
• Federal Reserve Branches
• Federal Reserve Act
• Federal Reserve Bank Building (Boston)
• Structure of the Federal Reserve System

External links

• Boston Fed home page
• History of the Boston Fed
• Boston Branch
• Annual Reports of the Federal Reserve Bank of Boston from 1916 to 1967