Federal Reserve Bank of Boston

Name	Federal Reserve Bank of Boston
Image 1
Image Title 1	Federal Reserve Seal
Image 2
Image Title 2	Headquarters
Headquarters	Federal Reserve Bank Building 600 Atlantic Avenue Boston, Massachusetts, U.S.
Executive Title	President
Executive	Susan Collins
Website	bostonfed.org
Predecessor	Eric S. Rosengren
Successor	Susan Collins
Footnotes	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. 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 614ft 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 2025-10. Terms expire on December 31 of their final year on the board.

Class A

Ronald O'Hanley	Chairman and Chief Executive Officer State Street Corporation Boston, Massachusetts	2025
Josephine Moran	President and Chief Executive Officer Ledyard Financial Group, Inc. Hanover, New Hampshire	2026
Sushil Tuli	Chairman and Chief Executive Officer Leader Bancorp, Inc. Arlington, Massachusetts	2027

Class B

Betty Francisco	Chief Executive Officer Boston Impact Initiative Boston, Massachusetts	2027
Kimberly Sherman Stamler	President Related Beal Boston, Massachusetts	2026

Class C

Roger W. Crandall (Chair)	Chairman, President, and Chief Executive Officer MassMutual Financial Group Springfield, Massachusetts	2026
Lizanne Kindler (Vice Chair)	Executive Chair and Chief Executive Officer KnitWell Group Hingham, Massachusetts	2025
Corey E. Thomas	Chairman 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.

#	CEO	Life span	Term start	Term end	Tenure length
Governors
1	Alfred L. Aiken	1870–1946	November 25, 1914	December 20, 1917
2	Charles A. Morss	1857–1927	December 20, 1917	December 31, 1922
3	William P. G. Harding*	1864–1930	January 16, 1923	April 6, 1930
4	Roy A. Young	1882–1960	September 1, 1930	—	—
Presidents
4	Roy A. Young	1882–1960	—	March 31, 1942
5	William W. Paddock	1879–1957	April 1, 1942	May 1, 1944
6	Ralph Flanders	1880–1970	May 1, 1944	February 28, 1946
7	Laurence F. Whittemore	1894–1960	March 3, 1946	October 4, 1948
8	Joseph A. Erickson	1896–1983	December 15, 1948	February 28, 1961
9	George H. Ellis	1920–2005	March 1, 1961	June 30, 1968
10	Frank E. Morris†	1923-2000	August 15, 1968	December 31, 1988
11	Richard F. Syron	1943–	January 1, 1989	March 31, 1994
12	Cathy Minehan	1947–	July 13, 1994	July 20, 2007
13	Eric S. Rosengren	1962–	July 20, 2007	September 30, 2021
–	Kenneth Montgomery Acting		September 30, 2021	July 1, 2022
14	Susan Collins		July 1, 2022	present