Federal Reserve Bank of Boston

Federal Reserve Bank of Boston
The Federal Reserve building in Boston (tall white building on left, plus white lowrise in front of tower), and other buildings as seen from the south side of the Fort Point Channel. The Summer Street bridge is at the far left, and the Congress Street bridge on the right.
Federal Reserve Bank of Boston
Location within Boston
Federal Reserve Bank of Boston
Federal Reserve Bank of Boston (Massachusetts)
Federal Reserve Bank of Boston
Federal Reserve Bank of Boston (the US)
General information
Address 600 Atlantic Avenue,
Town or city Boston , Massachusetts
Country United States
Coordinates 42°21′10″N 71°03′14″W / 42.35268°N 71.05382°W / 42.35268; -71.05382Coordinates: 42°21′10″N 71°03′14″W / 42.35268°N 71.05382°W / 42.35268; -71.05382
Technical details
Floor count 32
Design and construction
Architecture firm Hugh Stubbins & Associates
Map of the First District

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.[1][2][3] It is headquartered in a 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.

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 Eric S. Rosengren, who replaced Cathy E. Minehan in July 2007. The Boston Fed describes its mission as promoting "growth and financial stability in New England and the nation". [4] The Boston Fed also includes the New England Public Policy Center.[5]

Board of Directors

The following people serve on the board of directors as of August 2017.[6] Terms expire on December 31 of their final year on the board.[6]

Class A

Class A
Name Title Term Expires
Michael E. Tucker President and Chief Executive Officer
Greenfield Co-operative Bank
Greenfield, Massachusetts		 2017
Peter L. Judkins President and Chief Executive Officer
Franklin Savings Bank
Farmington, Maine		 2018
Joseph L. Hooley Chairman and Chief Executive Officer
State Street Corporation
Boston, Massachusetts		 2019

Class B

Class B
Name Title Term Expires
Kathleen E. Walsh President and Chief Executive Officer
Boston Medical Center
Boston, Massachusetts		 2017
Roger S. Berkowitz President and Chief Executive Officer
Legal Sea Foods, LLC
Boston, Massachusetts		 2018
Niraj Shah Chief Executive Officer, Co-Founder, and Co-Chairman
Wayfair
Boston, Massachusetts		 2019

Class C

Class C
Name Title Term Expires
Gary L. Gottlieb, MD

(Chair)

 Chief Executive Officer
Partners In Health
Boston, Massachusetts		 2017
Phillip L. Clay

(Deputy Chair)

 Professor - Department of Urban Studies and Planning
Massachusetts Institute of Technology (MIT)
Cambridge, Massachusetts		 2018
Christina Hull Paxson President
Brown University
Providence, Rhode Island		 2019

See also

References

  1. ↑ Second Federal Reserve District Banking Markets
  2. ↑ "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.
  3. ↑ "FAQS:Federal Reserve Banks". Federal Reserve Bank of Richmond. Retrieved 2009-02-24.
  4. ↑ "Press Release". Federal Reserve System. 2007-06-14. Retrieved 2017-02-02.
  5. ↑ New England Public Policy Center
  6. 1 2 "Directors of Federal Reserve Bank of Boston". The Federal Reserve. August 5, 2017.


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