# 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 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. 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.

### 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 | 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 | — | — |
| Presidents ||||||
| 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 |
| – | Kenneth Montgomery Acting | | September 30, 2021 | July 1, 2022 | 274 days |
| 14 | Susan Collins | | July 1, 2022 | present | 2 years, 92 days |
| † | Stepped down due to reaching retirement age |
| * | Died in office |

## Image gallery

* On an overcast day.
* 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 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 building front entrance.
* 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 Building in Downtown Boston.