View source for Federal Reserve Bank of Boston

{{Organization
|OrganizationName=Federal Reserve Bank of Boston
|OrganizationType=Independent Agencies
|Mission=To promote the stability, integrity, and efficiency of the U.S. economy and financial system. The Boston Fed serves the First Federal Reserve District by implementing monetary policy, supervising financial institutions, and providing payment services.
|ParentOrganization=Federal Reserve System
|CreationLegislation=Federal Reserve Act of 1913
|Employees=1000
|Budget=Not publicly specified (self-funding organization)
|OrganizationExecutive=President and CEO
|Services=Monetary policy implementation; bank supervision; payment services; economic research; community development;
|HeadquartersLocation=42.35274, -71.05337
|HeadquartersAddress=600 Atlantic Ave, Boston, MA 02210
|Website=https://www.bostonfed.org
}}
{{Short description|Member Bank of Federal Reserve}}

{{Infobox central bank
| name = Federal Reserve Bank of Boston
| image_1 = Seal of the United States Federal Reserve System.svg
| image_title_1 = Federal Reserve Seal
| image_2 = Federal Reserve from South Boston.jpg
| image_title_2 = Headquarters
| headquarters = [[Federal Reserve Bank Building (Boston)|Federal Reserve Bank Building]]<br />600 [[Atlantic Avenue (Boston)|Atlantic Avenue]] <br />Boston, [[Massachusetts]], U.S.
| coordinates = <!-- use {{coord}} -->
| established = {{Start date and age|p=y|1914|5|18}}
| ownership = <!-- Government owned or private co. -->
| executive_title = President
| executive = [[Susan M. Collins (economist)|Susan Collins]]
| bank_of = {{Collapsible list |title=First District |{{flag| Massachusetts}} |{{flag| Maine}} |{{flag|New Hampshire}} |{{flag|Rhode Island}} |{{flag|Vermont}}| Parts of:<br />{{flag| Connecticut}}}}
| currency = 
| currency_iso = <!-- see [[ISO 4217]] -->
| reserves = 
| reserve_requirements = <!-- % of reserves required to be held against deposits, or "None" if there are no such requirements -->
| borrowing_rate = <!-- the bank rate, also known as the discount rate in American English -->
| interest_rate_target = <!-- the target interest rate, or target interest rate range -->
| deposit_rate = <!-- % of interest paid on reserves, if any, or "None" if no interest is ever paid on reserves -->
| excess_reserves = <!-- "yes" or "no" reg. interest on excess reserves - or "not applicable - no reserve requirement" if there is no reserve requirement -->
| website = [https://www.bostonfed.org/ bostonfed.org]
| predecessor = [[Eric S. Rosengren]]
| successor = Susan Collins
| footnotes = The Federal Reserve Bank of Boston is one of twelve [[Federal Reserve Bank|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 [[Federal Reserve Bank|First District]] of the [[Federal Reserve]], which covers [[New England]]: [[Maine]], [[Massachusetts]], [[New Hampshire]], [[Rhode Island]], [[Vermont]] and all of [[Connecticut]] except [[Fairfield County, Connecticut|Fairfield County]].<ref>[http://www.newyorkfed.org/banking/ma_bankingmarkets.html Second Federal Reserve District Banking Markets]</ref><ref name="FRB">{{cite web|url=http://www.federalreserve.gov/aboutthefed/bios/banks/pres01.htm|title=Eric S. Rosengren:President Federal Reserve Bank of Boston|date=January 28, 2009|work=Federal Reserve Bank Presidents|publisher=Board of Governors of the Federal Reserve System|access-date=2009-02-24|archive-date=2013-09-02|archive-url=https://web.archive.org/web/20130902044030/http://www.federalreserve.gov/aboutthefed/bios/banks/pres01.htm|url-status=dead}}</ref><ref name="FAQ">{{cite web|url=http://www.richmondfed.org/faqs/frb/|title=FAQS:Federal Reserve Banks|publisher=Federal Reserve Bank of Richmond|access-date=2009-02-24}}</ref> 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".<ref name= "release">{{cite news |url= https://www.federalreserve.gov/newsevents/press/other/20070614a.htm |title=Press Release |work=[[Federal Reserve System]] |date=2007-06-14 |access-date=2017-02-02}}</ref> The Boston Fed also includes the New England Public Policy Center.<ref>{{Cite web |url=http://www.bos.frb.org/economic/neppc/about/index.htm |title=New England Public Policy Center |access-date=2010-11-02 |archive-date=2010-12-25 |archive-url=https://web.archive.org/web/20101225223139/http://www.bos.frb.org/economic/neppc/about/index.htm |url-status=dead }}</ref>

Current Federal Reserve Bank of Boston president is [[Susan M. Collins (economist)|Susan Collins]], who is the first Black woman and the first woman of color to lead any of the 12 regional Federal bank branches.<ref>{{cite news |last=Edelman |first=Larry |url=https://www.bostonglobe.com/2022/02/09/business/susan-collins-becomes-first-black-woman-woman-color-lead-boston-federal-reserve-bank |title=Susan Collins becomes first Black woman, woman of color to lead Boston Federal Reserve Bank |work=[[The Boston Globe]] |date=2022-02-09 |accessdate=2022-02-09 }}</ref>
 
It has been headquartered since 1977 in the distinctive {{convert|614|ft|m|adj=on}} tall, 32-story [[Federal Reserve Bank Building (Boston)|Federal Reserve Bank Building]] at 600 [[Atlantic Avenue (Boston)|Atlantic Avenue]], Boston. Designed by [[architecture]] firm [[KlingStubbins|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 (Boston)|Franklin Street]], currently occupied by the [[Langham Hotel Boston]]. This building was designated a [[Boston Landmark]] by the [[Boston Landmarks Commission]] in 1978.