The
Federal Reserve Bank of Boston, commonly known as the
Boston Fed, is responsible for the First District of the
Federal Reserve, which covers most of
Connecticut (excluding
Southwestern Connecticut),
Massachusetts,
Maine,
New Hampshire,
Rhode Island and
Vermont. It is headquartered in the
Federal Reserve Bank Building in
Boston, Massachusetts. 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 is in a distinctive tall, 32-story building, located at 600
Atlantic Avenue in Boston. The building, designed by
architecture firm
Hugh Stubbins & Associates, is suspended between two towers on either side.The Boston Fed also includes the .
Current Board of Directors
The following people serve on the board of directors as of 2011:
Class A
Class B
Class C
History:
On December 23, 1913, the Federal Reserve Act became law, and within a year the 12 Federal Reserve Banks were open for business. The Boston Fed, along with the other 11 Federal Reserve Banks nationwide and the Board of Governors in Washington, D.C., make up our nation's central bank. The Boston Fed serves the First Federal Reserve District...
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