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 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 2025. Terms expire on December 31 of their final year on the board.
[Image:Boston Fed map.png|thumb|right|Map of the First District]

Class C

NameTitleTerm Expires
Roger W. Crandall
Chairman, President, and Chief Executive Officer
MassMutual Financial Group
Springfield, Massachusetts
2026
Lizanne Kindler
Executive Chair and Chief Executive Officer
KnitWell Group
Hingham, Massachusetts
2025
Corey E. ThomasChairman and Chief Executive Officer
Rapid7, LLC
Boston, Massachusetts
2027

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.
#CEOLife spanTerm startTerm endTenure length
Governors-----
1Alfred L. Aiken1870–1946November 25, 1914December 20, 1917
2Charles A. Morss1857–1927December 20, 1917December 31, 1922
3William P. G. Harding*1864–1930January 16, 1923April 6, 1930
4Roy A. Young1882–1960September 1, 1930
Presidents-----
4Roy A. Young1882–1960March 31, 1942
5William W. Paddock1879–1957April 1, 1942May 1, 1944
6Ralph Flanders1880–1970May 1, 1944February 28, 1946
7Laurence F. Whittemore1894–1960March 3, 1946October 4, 1948
8Joseph A. Erickson1896–1983December 15, 1948February 28, 1961
9George H. Ellis1920–2005March 1, 1961June 30, 1968
10Frank E. Morris†1923-2000August 15, 1968December 31, 1988
11Richard F. Syron1943–January 1, 1989March 31, 1994
12Cathy Minehan1947–July 13, 1994July 20, 2007
13Eric S. Rosengren1962–July 20, 2007September 30, 2021
Kenneth Montgomery
Acting
September 30, 2021July 1, 2022
14Susan CollinsJuly 1, 2022present

Stepped down due to reaching retirement age
*Died in office