Alfred Aiken

1914

Alfred L. Aiken, former president of the Worcester National Bank, is appointed as the first Governor of the Federal Reserve Bank of Boston and serves...

Boston Fed Opens for Business

November 1914

The Federal Reserve Bank of Boston opens on November 16. The Bank is initially housed in the Converse Building at 101 Milk Street and is staffed by...

Permanent Headquarters

September 1915

The Bank moves into permanent quarters at 53 State Street, the Merchants Exchange Building.

Foreign Check Expansion

January 1916

The Bank takes over the Foreign Check Department of the Boston Clearing House.

Charles A. Morss

December 1917

Charles A. Morss is appointed as Governor of the Boston Fed and serves until 1922.

Boston Fed Baseball Team

February 1918

The Boston Fed baseball team of 1918 has a very successful season, ending with a game in New York against the Federal Reserve Bank of New York.

Federal Reserve Society Dinner

February 1919

The First Annual Dinner of the Federal Reserve Society is held at Ford Hall in Boston on February 13, 1919.

Debate Team

March 1919

The Federal Reserve Society Debate Team sponsors a spirited debate.

First Annual Outing

June 1919

The Federal Reserve Society holds its First Annual Outing on June 7 at the Riverside Recreation Grounds. A few weeks later on July 7 the Society Field...

Federal Reserve Society

July 1919

After throwing a banquet, an outing, and several theatrical productions, the Federal Reserve Society got around to holding its first regular business...

Monthly Review Published

August 1919

The Bank begins publication of "The Monthly Review." The scholarly review will continue as the "New England Business Review," and later, "New England...

Last World War I Soldier Returns

August 1919

The Bank welcomes back Horace Snow. Snow was the last of the Bank's WWI soldiers to safely return after active duty in France. He started at the...

Welfare Department Established

August 1919

The Federal Reserve Society forms the Welfare Department, "to create a spirit of loyalty and cooperation among employees of the bank." Among the...

Pearl, Franklin, and Oliver

August 1919

The Bank acquires a large lot of land bordering Pearl, Franklin, and Oliver Streets to erect a building that will provide permanent quarters for all...

Surplus Food Sale

August 1919

The Bank purchases surplus rations from the South Boston Army Base.

Horace Snow

February 1920

A bachelor party was held for Horace Snow, recently returned WWI veteran.

May Party

May 1920

The May Party is held at the Copley Plaza. A minstrel act, monologue, soloist, and drama performance are part of the event. Members may bring guests...

Federal Reserve Society 2nd Outing

June 1920

The second annual outing of the Federal Reserve Society is a "Steamboat Excursion" from Rowe's Wharf to Nantasket. The event includes music from a...

Why Not Send Your Son to College?

December 1920

The Savings Division of the Bank publishes this advertisement in the Society News: "Why not send your son to college? $1.00 a week in Thrift and...

Girls Basketball Team

March 1921

The Federal Reserve Girls Basketball Team wins its championship game against Exchange Trust by a defense-minded score of 21-16.

Harmonica Band

August 1921

Harmonica band rehearsals are held daily at noon on the roof at 84 State.

WWI Memorial Tablet

April 1922

A tablet is presented to the Bank by members of the Federal Reserve Society: "In honor of those who took part in the World War 1917- 1918." The list...

Pearl St. Building Completed

April 1922

A public open house is held to celebrate the opening of the Bank's new quarters on Pearl Street.

Direct Phone Line

May 1922

The Boston Fed installs direct phone lines to New York, Philadelphia, and Washington, D.C., and publishes its first Telephone Directory with extension...

W. P. G. Harding

January 1923

W. P. G. Harding is appointed as Governor of the Boston Fed and serves until 1930.

Boston Fed Office in Havana Opens

April 1923

The Boston Fed opens an office in Havana, Cuba to provide cable services for transferring funds. After some friction with the Atlanta Bank which...

Roy A. Young

September 1930

Roy A. Young is appointed Governor of the Boston Fed and serves until 1942. During the course of his tenure the title of the position is changed from...

New Government Check Department

June 1941

A new unit is established to handle the payrolls of the Boston, Portsmouth, and Newport News, Virginia Navy Yards.

IBM 1401

April 1942

"The Transit Department is installing a new system for handling checks. The machines used, IBM is their nickname, do everything except yell out the...

William W. Paddock

Apr 1942 - Mar 1944

William W. Paddock is appointed President of the Boston Fed and serves until 1944.

Air Raid Warden

May 1942

"John Howard has been appointed the Air Raid Warden for the IBM division. John's job is to personally escort 200 girls down a dark stairway to the...

Automatic Coin Separator

November 1942

An automatic coin separator is introduced.

All Female Mail Crew

January 1943

"…as predicted long ago, when spring comes this year, it will be an all girl mail and messenger force (at the Bank)…"

USS Meredith

January 1943

"The first of the Bank's WWII soldiers is reported MIA. The USS Meredith was sunk in action in the Solomons. Out of a complement of 327, only 77 were...

Japanese Battle Flag

April 1943

"Transit Items (John Howard): Former associates of Corp. Eddie Roche (Registered Mail Department) were properly thrilled to find his name printed on a...

Frank Sinatra

November 1943

"Nothing much of interest happened in this Department this past month except that almost every girl has been up to R.K.O. to see Frank Sinatra."

Jitterbug Lessons in the Vault

January 1944

"Private 'jitter-bug' lessons are given during lunch hours in the vault by Discount and Collateral staff."

"Malden Mother Gives 7th Son to War"

January 1944

Boston's newspapers carried the photo of seven young men under the headline "Malden Mother Gives 7th Son to War." The Bank's Joseph McBride is a...

General Ledger Automation

February 1944

General ledger posting becomes fully automated.

Bookkeeping Office Routine Set to Music

February 1944

"Our office routine has been set to music. Strains of that popular song "Boogie Woogie Bugle Boy" can be heard coming from the general ledger room as...

Ralph E. Flanders

May 1944 - Apr 1946

Ralph E. Flanders is appointed President of the Boston Fed and serves until 1946.

USO Show

September 1944

Received Mailbag News [from the war], "The other night Bob Hope, Frances Langford, Jerry Colona, and Patty Thomas were here on the island and put on a...

Minstrel Show

June 1945

"At the request of the USO, acts from the Bank Minstrel Show performed at local Veterans Hospitals, The Old Soldiers Home in Chelsea, and Fort...

First Combat Soldier Safely Home

July 1945

"'Old familiar faces in old familiar places', might easily have been the theme song for the month of July. The way our boys are returning to work, it...

Laurence F. Whittemore

March 1946

Laurence F. Whittemore is appointed President of the Boston Fed and will serve until 1948.

Multilith Machine

August 1946

The Bank installs a multilith machine to make copies of newsletters and magazines.

Conga Line!

February 1947

"At the Society Annual Dinner: The girls of the Mass. 226-400 rack (Transit Department) had a good time at the annual dinner...Roy Buchanan showed up...

Snow Train

March 1947

"Society Returns Snow Train: The Society resumed the snow train for a weekend of skiing and fun in North Conway." Skating parties at the Boston...

Memorial Plaque

May 1947

"A permanent memorial plaque is being erected in the arch at the end of Members Court (Pearl Street) and will face the main entrance. The names of all...

Fingerprints

December 1947

"Principally it was for our own protection, and also to comply with the Government's desire that everyone be easily identified in case of accident,...

Pin-Up Girl of the Year

December 1947

Pin-Up Girl of the Year is selected -- Elizabeth "Beanie" Bean of Transit.

Charm Show

April 1948

The Federal Reserve Society sponsors a Charm Show..."The 'girls' that were selected as models possess plenty of charm, personality and...ZING"

Check Microfilm

May 1948

Checks must still be listed on letters to drawee banks, hand-fed into the microfilm machine, and then listed on a bookkeeping copy. Seventy-one...

Efficiency Report Replaced with Performance Review

May 1948

"The Personnel Department has recently distributed to the heads of all departments copies of a form called a 'Performance Review'. This form replaces...

150 Year Old Pipe Unearthed

May 1948

A wooden water pipe, thought to go back to 1795, was uncovered when there was digging on Pearl Street in front of the Bank. About 15 miles of these...

A Mobile Fort

June 1948

According to chauffeur Fred Hunter, a 30 year employee, "…one of the things I will never forget is the time we had to move War Savings from Congress...

Health Advice from the Nurse

July 1948

Some health hints from the Nurse include the advice to, "not remove slivers with a pen knife," and, "open and close doors safely."

Transit Record

October 1948

"Transit Breaks Record: October 13, 1948 was a record smashing day in transit as the New England Department cleared 701,802 checks and established an...

Joseph A. Erickson

November 1948

Joseph A. Erickson is appointed President of the Boston Fed and will serve until 1950.

Glee: The Boston Fed Version

December 1948

The Federal Reserve Society Glee Club makes its television debut on WBZ.

Quarter Century Club Founded

May 1949

The Quarter Century Club is founded for active employees and retirees with 25 years of service at the Bank.

Blood Donation Program

December 1949

The American Red Cross blood donation program is established at the Bank.

Boston Fed Models for Filene's

November 1950

"For the first time Filene's of Boston will include the girls of the Federal Reserve on its fashion show model invitation list to model all the latest...

Check Night Force Expands

January 1951

"With the rise in the national economy that followed the outbreak of hostilities in Korea, more and more money came into circulation. More firms and...

Telautograph Machines

February 1951

Wire Transfer begins use of telautograph machines which allow direct and immediate communication with the First National Bank of Boston and the...

1951 Chevrolet Styleline

March 1951

"The bank has purchased a new 1951 two-door Chevrolet sedan and we hope you never get a ride in it…this car is for the use of the Medical Department...

Postal Money Order Division

June 1951

Postal Money Order division is established with 20 new IBM punch card readers.

Bank Air Raid Drill

February 1952

"The first air raid drill since WWII days was held on Tuesday, February 19, in conjunction with the Air Raid alert held in Boston on that date, under...

The Eagle Reaches Its Nest

July 1952

The 18 ton limestone eagle was placed in position atop the bank addition at the corner of Pearl and Milk Streets.

Red Feather Campaign

July 1952

The Boston Fed is associated with the "Red Feather Campaign," a precursor to the "United Way," still the Bank's most significant charitable partner....

Bert Fazakerley Retires From the Bank

January 1953

"Born in 1888 and at the advanced age of 14 he decided to run away and see the world. He had many exciting adventures in his lifetime, but perhaps the...

Leased Wire System

July 1953

"The 'new' leased wire system linked together the 12 Banks, their 224 branches, the Board and U.S. Treasury Offices.…the new network operates at 75...

The Big Bonfire

July 1953

"The Big Bonfire started on July 24 in a specially designed incinerator, as the Federal Reserve Bank of Boston, acting as fiscal agent of the United...

Pearl Street Addition Complete

September 1953

The addition to the Pearl Street building is completed and all Bank departments are again under one roof.

"The Fed and You"

January 1955

"Cameramen and technicians visited the various departments to take film sequences of our operations. The occasion was the refilming of the "Federal...

Women's Quiet Room

February 1955

The Women's Quiet Room was newly furnished with platinum furniture that is upholstered in coral Naugahyde.

A Red-Letter Day

March 1955

March 14, 1955 was a red-letter day for Ilga Banga in the Printing Department, as she became a U.S. citizen. In 1944, Ilga and her family fled from...

Elevator Installation

September 1955

"They are easy to operate, well lighted, move from floor to floor very smoothly, and although speed is not obvious, the car will reach its destination...

Operation Flood Money

September 1955

"The Money Department received sticky, smelly currency from banks due to Hurricane Diane. To protect the people in Currency and Coin, each one coming...

Cancelling Machines

January 1956

New cancelling machines are introduced to the Money Department, able to cancel 62 straps of 100 bills a minute.

Operation Alert

September 1956

"Twelve staff members participate in 'Operation Alert' by moving to the New England Relocation Center to work through some test problems to test the...

Name a Cow Contest

March 1957

451 names were submitted for the Bank's Name a Cow Contest. The name "Mione" (Milk Industry Of New England) came in first and "Fereba" (Federal...

Women Who Work Fashion Show

March 1957

At Jordan Marsh's annual Women Who Work Fashion Show held at Symphony Hall, Eileen Lyons of Wire Transfer modeled a, "beautiful sapphire and olive (a...

Coin Speed

May 1957

8,820 coins are counted and wrapped each minute.

Polio Vaccinations

June 1957

The physician's office offers Salk Vaccinations against polio.

Shuffle Board on the Roof

September 1957

"The shuffle board on the roof garden proves to be a popular lunch time recreation."

Coin Storage Vault

September 1958

The Bank's modernized coin storage vault attracts nationwide attention in the September 1958 issue of "The American Banker."

Halloween Party

October 1958

At the annual Halloween party, staff enjoy the "Bunny Hop" and a hula-hoop contest.

Our Emergency Shelter

January 1960

"Fallout! Missile attack! Prime target area! Bomb shelters! These words have all blazed across headlines in recent months. While you may have been...

George H. Ellis

March 1961

George H. Ellis is appointed President of the Boston Fed and serves until 1968.

High-Speed Electronic Check Machines

March 1961

High-speed electronic check machines arrive and, because of their size, they must be lifted by derrick and brought through the fourth floor window.

Chinese Abacus: 1962 Model

April 1962

"This Bank took a giant step forward this winter to overcome the flood of paperwork and maintain our member bank services at a high level with the...

Charm School

February 1963

Charm classes are offered and over 200 (female) employees attend the four sessions. Among the skills addressed are make-up application and...

Open House

May 1964

Over 1,500 people attend an employee and family open house in celebration of the Federal Reserve System's 50th anniversary.

Johnson Campaign

October 1964

President Lyndon Johnson gives a campaign speech of about 45 minutes on a platform in front of the Federal Reserve Bank of Boston.

"Can a Woman Do a Man's Job?"

March 1966

The East Wind asks "Can a Woman do a Man's Job?" as the Bank hires its first female examiners.

Data Services Department

February 1967

"Data Services Department Formed: A prime function will be to plan for the future computer and data communication requirements of the Bank."

Computer Indigestion Causes and Cures

September 1967

"It used to be that so long as you didn't try to feed a computer anything that had been folded, stapled or mutilated, it would purr along, day in, day...

Frank E. Morris

January 1968

Frank E. Morris is appointed President of the Boston Fed and serves until 1988.

Burroughs 3500

June 1968

"That computer which strikes such a commanding pose in the new room is a Burroughs 3500. It is a medium scale, third-generation computer which is just...

Ethiopian Bank Controller

August 1968

Kebede Sereke Berhan, Controller of the National Bank of Ethiopia, completed an eight-week orientation with the Boston Fed before commencing classes...

First Economic Conference

February 1969

The Boston Fed holds its first annual economic conference, instituted to cover a wide range of economic and monetary issues. The selected topic is...

Department Expansion

December 1969

The addition of computer equipment and a need for more floor space results in departmental moves to the Western Union building.

Land Purchase

June 1970

The Bank completes the purchase of 14 parcels of land totaling 6 acres, bounded by Congress and Summer Streets and Atlantic and Dorchester Avenues,...

Demolition Begins

June 1971

Demolition begins at the Atlantic Avenue site for the new Boston Fed building.

Protection Team

June 1972

The Protection Team wins 1971-72 New England Police Revolver League competition; Guard Tom Cobuccio wins Individual High Honors.

Regional Check Processing Centers

June 1972

Two Regional Check Processing Centers are opened in Lewiston, Maine and Windsor Locks, Connecticut.

Kenneth Guscott, first African-American is appointed to the Board of...

December 1973

Boston Fed Hires First Female Police officers

September 1974

Minority Vendor Program

February 1975

The Bank establishes a Minority Vendor Program as part of the overall Affirmative Action plan.

New Building at 600 Atlantic Avenue is completed

January 1977

Boston Fed Opens Skills Development Center

January 1977

Bank Begins Hosting Massachusetts Commission for the Blind vendor...

March 1977

600 Atlantic Employee Open House

February 1978

The employee open house at 600 Atlantic Avenue is held, but not until May. Two major snowstorms, including the blizzard in 1978, made the original...

Carol Goldberg is Appointed the Bank's first female Board Member

August 1978

Wang Word Processing Installed

June 1979

The Wang word processing system is installed in seven departments. "The system will reduce information processing time, improve the quality and...

Pearl Street Addition Demolished

December 1979

The 1953 addition to the Pearl Street building is torn down to make way for what is now The Langham hotel.

Tornado Damages Windsor Locks Regional Check Processing Center

March 1980

High-speed Currency Shredder Installed

May 1980

Penny Arcade

August 1980

A "penny arcade" is held for one day in the face of a scarcity of circulating one-cent coins. Employees redeem 95,000 unwrapped coins at teller...

Fitness Center

September 1980

The first fitness center opens at the Bank. A universal gym, 5 exercise bicycles, 2 treadmills, 16 pairs of dumbbell weights, a wall-mounted pulley...

Check Product Management Office is opened

March 1984

Quality Service Campaign

January 1987

The Bank launches the Quality Service campaign to gain feedback from member banks and improve delivery of priced services.

Richard F. Syron

January 1989

Richard F. Syron is appointed President of the Boston Fed and serves until 1994.

Bernanke at the Boston Fed

June 1989

Future Federal Reserve Chairman Ben Bernanke serves a year at the Boston Fed as a visiting scholar in the Research Department.

IBM Shop

June 1990

An eight year phase-in of large-scale IBM Systems is completed, as the Bank switches from the Burroughs mainframe, "in order to be compatible with the...

First Female FVP

August 1991

Cathy Minehan moves from the New York Fed to become First Vice President of the Boston Fed, the first female to hold that title anywhere in the...

Christmas Tree

December 1991

The thirteen-member Property Management team receives a Best Project Award from Interiorscape Magazine for the 1990 Bank lobby Christmas tree.

Closing the Gap

August 1992

The Bank publishes "Closing the Gap," a video and booklet addressing concerns about racial discrimination in lending and outlining what banks need to...

HMDA Study

October 1992

A second Home Mortgage Disclosure Act (HMDA) study is conducted by the Research Department at the Boston Fed and provides the most complete data set...

Local Area Network Installed

November 1993

"By mid-1994 most of us will be working with the Bank's new LAN (Local Area Network) that promises to increase our productivity and improve the...

AIDS Awareness

December 1993

The Boston Fed is recognized for outstanding corporate leadership and commitment to employees by providing Red Cross HIV/AIDS education in the...

Employee Ideas Program

January 1994

The Employee Ideas program is introduced, with cash awards for suggestions that improve service or lower costs.

Cathy E. Minehan

July 1994

Cathy E. Minehan is appointed President of the Boston Fed and serves until 2007.

Vermont Bank Fraud

March 1995

Alan Dawson of Bank Examination discovers the largest case of bank fraud in Vermont history.

Casino Symposium

April 1995

The Bank holds a symposium on casino development bringing together experts from academia, government, Native American nations, and the gaming...

U.S. Savings Bonds

September 1995

Bank tellers no longer accept U.S. Savings Bond transactions. Most financial institutions in the First District are authorized to accept and process...

Princess Diana

August 1997

When Diana, Princess of Wales, dies in a car crash, over 5,000 mourners sign a condolence book made available by the British Consulate, then a tenant...

Y2K

September 1997

The Bank begins Century Date Change preparedness efforts by working with banks and businesses to avert any potential Y2K problems and, in coordination...

Mentoring Program

November 1997

The Bank launches a mentoring program as a professional development resource.

BosWeb Launch

July 1998

The Bank's intranet, BosWeb, is launched as an internal information source. Early content contains a help desk; application support; and several...

Edward McCarthy

May 1999

Eddie McCarthy, an employee of the Boston Fed for 70 years, dies. McCarthy joined the Bank as a messenger in 1929 at the age of 18. He moved on to...

EagleCash

February 2000

The Boston Fed is selected by the U.S. Treasury to manage EagleCash, a cash management tool for U.S. military personnel deployed in combat zones.

Chairman Greenspan Visits and Speaks to Bankwide Assembly

March 2000

Champions of Change

June 2000

The Boston Fed receives a "Champions of Change" award from United Way of Massachusetts Bay for leadership in encouraging and recognizing volunteer...

Identity Theft

October 2000

The Boston Fed produces a brochure and video on the emerging concern of identity theft.

Check Processing

August 2001

Check processing reaches an all-time high of 4.3 million checks processed daily.

Protection Department Receives Federal Law Enforcement Credentials

January 2002

Strike Out Killer Phrases

September 2002

The Bank launches the "Strike Out Killer Phrases" campaign to foster an open atmosphere and creative workplace.

National Financial Education Awareness Campaign

January 2003

The Bank kicks off a National Financial Education Awareness campaign as part of a System-wide initiative to heighten public awareness of the...

Building Maintenance Unit Airlifted onto Tower

April 2003

The Bank's new Building Maintenance Unit is airlifted onto tower via Sikorsky S-61 helicopters; it will provide window washing and surface cleaning...

IPP

May 2004

The Boston Fed is given the green light by the Federal Reserve System and the U.S. Treasury to develop and support the Internet Payments Platform,...

NEPPC

July 2005

The Bank establishes the New England Public Policy Center (NEPPC) to provide economic information and expert consultation to members of the public...

Research Center for Behavioral Economics

November 2005

The Boston Fed establishes the Research Center for Behavioral Economics, an area of economics that studies the effects of psychological, emotional,...

Fed Chairman Bernanke Visits Boston

June 2006

Federal Reserve Chairman Ben Bernanke visits the Federal Reserve Bank of Boston.

Stored Value Card Implementation

June 2006

Bank staff head to Kuwait and Iraq to implement the Stored Value Card (SVC).

Federal Reserve Plaza

June 2006

The redesigned Federal Reserve Plaza officially opens.

Check Consolidation

October 2006

Boston check operations are consolidated with the Windsor Locks check processing facility in Connecticut.

Greg Longfield Deployed to Iraq

2006

Greg Longfield of Research, a Major (now a Lt. Colonel) in the U.S. Army Reserves serves his first tour in Iraq as part of B Company 414st Civic...

Eric Rosengren

July 2007

Eric Rosengren is appointed President of the Boston Fed.

Citizenship Ceremony

September 2007

The Boston Fed hosts a citizenship ceremony for 125 individuals.

Raising the Alarm...

December 2007

Under the headline "Raising the Alarm on the Foreclosure Crisis," The Boston Globe features a front page article highlighting the work of the Boston...

Springfield Revitalization Project

April 2008

The Boston Fed commences its involvement in the Springfield Revitalization Project, supporting state and local efforts to enable residents to...

EITC Campaign

April 2008

The Bank contributes leadership and volunteers to help on the Earned Income Tax Credit (EITC) campaign which served over 12,000 low to moderate income...

Techie Tuesdays

June 2008

Techie Tuesdays is launched to introduce Bank staff to the latest hardware, software, tech trends, and best practices.

Foreclosure Prevention Workshop

August 2008

The first Foreclosure Prevention Workshop is held at Gillette Stadium in August. In conjunction with HOPE NOW and Neighborworks, the event, and a...

New Hampshire Attorney General's Office Partners with Boston Fed

August 2009

The Regional and Community Outreach Department continues to spread the word of the Independent Foreclosure Review program to New England communities.

Financial Institutions Outreach Program

September 2009

The Bank establishes the Financial Institutions Outreach Program to maintain good working relationships with regional depository institutions.

Nissan Leaf

August 2011

The Bank adds the first all-electric car, a Nissan LEAF, to its fleet. The vehicle is able to travel about 100 miles on one charge and will be used...

Boston Fed Twitter Account Surpasses 10,000 Followers

September 2012

Bank Launches Dignity & Respect Campaign

November 2012

Employee are asked to take a pledge of commitment to support an inclusive environment through '30 Tips of Dignity and Respect.'

Bank Named to Human Rights Corporate Equality Index for the Second Straight...

November 2012

This honor is due in great part to the Bank's enhanced recruiting efforts that support LGBT candidates.

CITY2CITY Brings MA & PA Together

December 2012

Nearly 40 Western Massachusetts residents and community leaders travel to Pennsylvania to participate in City2City Greater Springfield. Leaders from...

Bank Wins Live United Spirit Award

March 2013

The Boston Fed is honored with the United Way of Massachusetts Bay & Merrimack Valley's Live United Spirit Award, which is given to companies that...

Baxter Joins Cash Services

April 2013

A new robotic technology, Baxter to his friends, begins operation in Cash Services where he performs a variety of tasks alongside his human...

Working Cities Challenge

April 2013

The Bank establishes a grant competition for smaller cities in Massachusetts that is designed to foster local collaboration to improve the economic...

Bank Employees Run JP Morgan Corporate Challenge

June 2013

Thirty-six runners from twelve departments represent the Boston Fed in the JP Morgan Corporate Challenge. This is one of the city's largest races, and...

Bank Launches Intern Hub

October 2013

In conjunction with the Boston Chamber of Commerce, the Boston Fed launches InternHub.com, a free website for students, employers, and career...

Stored Value Card Achieves Milestones

December 2013

Since its inception, EagleCash cardholders have performed more than 26 million transactions, collectively adding $2.9 billion to their cards at...

Working Cities Challenge Winners Announced

January 2014

Lawrence, Fitchburg, Holyoke, Chelsea, Somerville, and Salem are named the winners of the Working Cities Challenge, a community development...

Federal Reserve Plaza Receives Earth Award

January 2014

The Building Owners and Managers Association (BOMA) of Boston awards the 2013 Earth Award to the Federal Reserve Plaza for excellence in property...

Changes for Treasury Business Areas Announced

Apr 2014

U.S. Treasury Fiscal Services announce changes to consolidate U.S. Treasury business areas in four Federal Reserve Banks, not including Boston. U.S....

Boston Globe names FRBB "Game Changer"

April 2014

The Boston Globe recognized the Federal Reserve Bank of Boston as one of 56 local institutions that had a significant, "economic and life-changing...

Centennial Open House

May 2014

Over 1,000 employees and their family and friends attend the Bank's Centennial Open House, which featured entertainment, an art contest, a photo...

Memorial Plaques Rededicated

May 2014

Memorial plaques honoring Bank employees who served in WWI and WWII, originally displayed at the Pearl Street building, are rededicated and displayed...

Chair Yellen visits FRBB

Oct 2014

Chair of the Federal Reserve Board of Governors Janet Yellen makes a two-day visit to Massachusetts, meeting with local community leaders,...

Centennial Finale

November 2014

The Centennial commemoration closes with two panel discussions moderated by System historian Gary Richardson. The first panel features current First...

Bank Earns 100% on LGBT Equality

November 2014

The Bank earned a perfect score on the Human Rights Campaign Foundation's Corporate Equality Index as one of the best places in the nation to work for...

President Rosengren Addresses Cybersecurity in South Africa Speech

January 2015

Federal Reserve Bank of Boston President Eric Rosengren addresses an international audience at a forum on financial-sector supervision and regulation...

Bank Modifies Parental Leave Policy for Men

April 2015

The parental leave policy is modified for male employees to provide eight weeks of job-protected leave for the birth or adoption of a child.

Bank Employees Form Living Pride Banner on the Plaza

April 2015

Over 100 employees help A1-FACT to form a human pride flag on the Federal Reserve Plaza to kick off the celebrations for 2015 Pride Week.

Examiner Josh Steirman Flies the American Flag in Afghanistan in Honor of...

May 2015

Josh Steirman, an Examiner in Supervision, Regulation and Credit (SRC), took a leave of absence to provide service to his country. Josh, an...

Navy Cash Stored Value Card Business

August 2015

Migration of the Navy Cash card business from JPMorgan Chase (JPM) to the Boston Fed is targeted for November 2016. The U.S. Treasury Bureau of the...