Federal Reserve Bank of Boston

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Federal Reserve Bank of Boston
Federal Reserve Seal
Federal Reserve Seal
HeadquartersFederal Reserve Bank Building
600 Atlantic Avenue
Boston , Massachusetts, USA
EstablishedMay 18, 1914 (107 years ago) (1914-05-18)
PresidentKenneth C. Montgomery (interim)
Central bank of
First District
Preceded byEric S. Rosengren
Succeeded byTBD
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.[1][2][3] 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 (interim) is Kenneth C. Montgomery, who replaced Eric S. Rosengren in October 2021. The Boston Fed has engaged a search committee to choose a more permanent replacement for Rosengren. The Boston Fed describes its mission as promoting "growth and financial stability in New England and the nation".[4] The Boston Fed also includes the New England Public Policy Center.[5]

This building was designated a Boston Landmark by the Boston Landmarks Commission in 1978.

Board of Directors[edit]

The following people serve on the board of directors as of August 2017.[6] Terms expire on December 31 of their final year on the board.[6]

Map of the First District

Class A[edit]

Class A
Name Title Term Expires
Michael E. Tucker President and Chief Executive Officer
Greenfield Co-operative Bank
Greenfield, Massachusetts
Peter L. Judkins President and Chief Executive Officer
Franklin Savings Bank
Farmington, Maine
Joseph L. Hooley Chairman and Chief Executive Officer
State Street Corporation
Boston, Massachusetts

Class B[edit]

Class B
Name Title Term Expires
Kathleen E. Walsh President and Chief Executive Officer
Boston Medical Center
Boston, Massachusetts
Roger S. Berkowitz President and Chief Executive Officer
Legal Sea Foods, LLC
Boston, Massachusetts
Niraj Shah Chief Executive Officer, Co-Founder, and Co-Chairman
Boston, Massachusetts

Class C[edit]

Class C
Name Title Term Expires
Gary L. Gottlieb, MD


Chief Executive Officer
Partners In Health
Boston, Massachusetts
Phillip L. Clay

(Deputy Chair)

Professor - Department of Urban Studies and Planning
Massachusetts Institute of Technology (MIT)
Cambridge, Massachusetts
Christina Hull Paxson President
Brown University
Providence, Rhode Island

Image gallery[edit]

See also[edit]


  1. ^ Second Federal Reserve District Banking Markets
  2. ^ "Eric S. Rosengren:President Federal Reserve Bank of Boston". Federal Reserve Bank Presidents. Board of Governors of the Federal Reserve System. January 28, 2009. Retrieved 2009-02-24.
  3. ^ "FAQS:Federal Reserve Banks". Federal Reserve Bank of Richmond. Retrieved 2009-02-24.
  4. ^ "Press Release". Federal Reserve System. 2007-06-14. Retrieved 2017-02-02.
  5. ^ New England Public Policy Center
  6. ^ a b "Directors of Federal Reserve Bank of Boston". The Federal Reserve. August 5, 2017.

External links[edit]