Federal Reserve Bank of Boston
|Headquarters||Federal Reserve Bank Building|
600 Atlantic Avenue
Boston , Massachusetts, USA
|Established||May 18, 1914|
|Central bank of|
|Preceded by||Eric S. Rosengren|
|Succeeded by||Susan Collins|
|The Federal Reserve Bank of Boston is one of twelve regional banks that make up the Federal Reserve System|
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. It has been headquartered since 1977 in the distinctive 614-foot (187 m) 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.
The code of the Bank is A1, meaning that dollar bills from this Bank will have the letter A on them. Its current president is Susan Collins. 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.
Board of Directors
|Bruce Van Saun||Chairman and Chief Executive Officer
Citizens Financial Group
|Jeanne Hulit||President and Chief Executive Officer
Maine Community Bank
|Sushil K. Tuli||Chairman and Chief Executive Officer
Leader Bank, N.A.
|Lizanne Kindler||Chief Executive Officer
|Kimberly Sherman Stamler||President
|Lauren A. Smith, MD||Chief Health Equity and Strategy Officer
Providence, Rhode Island
|Roger W. Crandall||Chairman, President, and Chief Executive Officer
MassMutual Financial Group
|Corey E. Thomas
|Chairman and Chief Executive Officer
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.
In February 2022, Susan Collins was selected to become president of the Federal Reserve Bank of Boston, becoming the first Black woman and the first woman of color to lead any of the 12 regional Federal bank branches.
|#||CEO||Life span||Term start||Term end||Tenure length|
|1||Alfred L. Aiken||1870–1946||November 25, 1914||December 20, 1917||3 years, 25 days|
|2||Charles A. Morss||1857–1927||December 20, 1917||December 31, 1922||5 years, 11 days|
|3||William P. G. Harding*||1864–1930||January 16, 1923||April 6, 1930||7 years, 80 days|
|4||Roy A. Young||1882–1960||September 1, 1930||—||—|
|4||Roy A. Young||1882–1960||—||March 31, 1942||11 years, 211 days|
|5||William W. Paddock||1879–1957||April 1, 1942||May 1, 1944||2 years, 30 days|
|6||Ralph Flanders||1880–1970||May 1, 1944||February 28, 1946||1 year, 303 days|
|7||Laurence F. Whittemore||1894–1960||March 3, 1946||October 4, 1948||2 years, 215 days|
|8||Joseph A. Erickson||1896–1983||December 15, 1948||February 28, 1961||12 years, 75 days|
|9||George H. Ellis||1920–2005||March 1, 1961||June 30, 1968||7 years, 121 days|
|10||Frank E. Morris†||1923-2000||August 15, 1968||December 31, 1988||20 years, 138 days|
|11||Richard F. Syron||1943–||January 1, 1989||March 31, 1994||5 years, 89 days|
|12||Cathy Minehan||1947–||July 13, 1994||July 20, 2007||13 years, 7 days|
|13||Eric S. Rosengren||1962-||July 20, 2007||September 30, 2021||14 years, 72 days|
|September 30, 2021||July 1, 2022||274 days|
|14||Susan Collins||July 1, 2022||present||35 days|
|†||Stepped down due to reaching retirement age|
|*||Died in office|
- Federal Reserve System
- Federal Reserve Districts
- Federal Reserve Branches
- Federal Reserve Act
- Federal Reserve Bank Building (Boston)
- Structure of the Federal Reserve System
- Second Federal Reserve District Banking Markets
- "Eric S. Rosengren:President Federal Reserve Bank of Boston". Federal Reserve Bank Presidents. Board of Governors of the Federal Reserve System. January 28, 2009. Retrieved 2009-02-24.
- "FAQS:Federal Reserve Banks". Federal Reserve Bank of Richmond. Retrieved 2009-02-24.
- "Press Release". Federal Reserve System. 2007-06-14. Retrieved 2017-02-02.
- New England Public Policy Center
- "Directors of Federal Reserve Bank of Boston". The Federal Reserve. August 5, 2017.
- Edelman, Larry (2022-02-09). "Susan Collins becomes first Black woman, woman of color to lead Boston Federal Reserve Bank". The Boston Globe. Retrieved 2022-02-09.