Federal Reserve Bank of Boston

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This article is under the building's alternate name. For a complete article, please see Federal Reserve Bank Building (Boston)

Federal Reserve Bank of Boston
Click to enlarge
The front of the Federal Reserve Bank tower located in the Financial District, Boston, Massachusetts.
The Federal Reserve Bank is a Cantilever High-rise.
General information
Location 600 Atlantic Avenue, Boston, Massachusetts, United States
Status Complete
Constructed 1976
Use Office
Height
Roof 604 ft (184 m)
Technical details
Floor count 33
Companies involved
Architect(s) Hugh Stubbins & Associates

The Federal Reserve Bank of Boston, commonly known as the Boston Fed, is responsible for the First District of the Federal Reserve, which covers Connecticut (excluding Fairfield County), Massachusetts, Maine, New Hampshire, Rhode Island and Vermont.[1][2] It is headquartered in the Federal Reserve Bank Building in Boston, Massachusetts. Its code is A1, meaning that dollar bills from it will have the letter A on them. Its current president is Eric S. Rosengren, who replaced Cathy E. Minehan in July 2007.

As part of the nation's central bank, the Federal Reserve Bank of Boston promotes sound growth and financial stability in New England and the nation. The Bank contributes to local communities, the region, and the nation through its high-quality research, regulatory oversight, and financial services, and through its commitment to leadership and innovation.

The Boston Fed is in a distinctive 604-foot (184 m) tall, 33-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 has an office in Windsor Locks, Connecticut that is responsible for clearing checks. The Boston Fed also includes the New England Public Policy Center.

Contents

[edit] Boston Board of Directors

The following people are on the board of directors as of 2009:[3]

[edit] Class A

Class A
Name Title Term Expires
David A. Lentini Chairman, President and Chief Executive Officer

The Connecticut Bank and Trust Company Hartford, Connecticut

2009
James C. Smith Chairman and Chief Executive Officer

Webster Bank, N.A. Waterbury, Connecticut

2010
Kathryn G. Underwood President and Chief Executive Officer

Ledyard National Bank Hanover, New Hampshire

2011

[edit] Class B

Class B
Name Title Term Expires
Stuart H. Reese Chairman, President and Chief Executive Officer

MassMutual Financial Group Springfield, Massachusetts

2009
Robert K. Kraft Chairman and Chief Executive Officer

The Kraft Group Foxborough, Massachusetts

2010
Michael T. Wedge Former President and Chief Executive Officer

BJ's Wholesale Club, Inc. Natick, Massachusetts

2011

[edit] Class C

Class C
Name Title Term Expires
Lisa M. Lynch

(Chair)

Dean and Professor of Economics

The Heller School for Social Policy and Management Brandeis University Waltham, Massachusetts

2009
Kirk A. Sykes President

Urban Strategy America Fund, L.P. Boston, Massachusetts

2010
Henri A. Termeer

(Deputy Chair)

Chairman, President and Chief Executive Officer

Genzyme Corporation Cambridge, Massachusetts

2011

All terms expire on December 31.[3]

[edit] Image Gallery

[edit] See also

[edit] References

  1. ^ "Eric S. Rosengren:President Federal Reserve Bank of Boston". Federal Reserve Bank Presidents. Board of Governors of the Federal Reserve System. January 28, 2009. http://www.federalreserve.gov/aboutthefed/bios/banks/pres01.htm. Retrieved 2009-02-24. 
  2. ^ "FAQS:Federal Reserve Banks". Federal Reserve Bank of Richmond. http://www.richmondfed.org/faqs/frb/. Retrieved 2009-02-24. 
  3. ^ a b "Directors of Federal Reserve Banks and Branches". The Federal Reserve. The Federal Reserve Board. February 5, 2009. http://www.federalreserve.gov/GeneralInfo/ListDirectors/default.cfm?WhichDistrict=13. Retrieved 2009-02-19. 

[edit] External links