Federal Reserve Bank of Boston facts for kids
Federal Reserve Seal
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Headquarters
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| Headquarters | Federal Reserve Bank Building 600 Atlantic Avenue Boston , Massachusetts, USA |
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| Established | May 18, 1914 |
| President | Eric S. Rosengren |
| Central bank of |
First District
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| Website | www.BostonFed.org |
| 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 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". The Boston Fed also includes the New England Public Policy Center.
This building was designated a Boston Landmark by the Boston Landmarks Commission in 1978.
Contents
Board of Directors
The following people serve on the board of directors as of August 2017[update]. Terms expire on December 31 of their final year on the board.
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
| 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
| Name | Title | Term Expires |
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| 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 |
Image gallery
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On an overcast day.
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The Federal Reserve Bank's position to the rest of the Financial District of Boston.
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The parking lot security methods installed for the Federal Reserve Bank of Boston.
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The Federal Reserve Bank of Boston building viewed from the back.
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The Federal Reserve Bank of Boston viewed from the side at street level. The entire building is covered with a matte aluminum paneling.
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The Federal Reserve Bank of Boston building front entrance.
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The Federal Reserve Building of Boston viewed from the side.
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The Federal Reserve Bank of Boston tower near the South Boston financial district.
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The Federal Reserve Bank Building in Downtown Boston.
