Presidents of the Federal Reserve Bank of Boston
The president of the Federal Reserve Bank of Boston is the chief executive officer of the First Federal Reserve District, headquartered in Boston, Massachusetts. The president also serves on the Federal Open Market Committee (FOMC), which consists of 12 members: the seven members of the Board of Governors of the Federal Reserve System; the president of the Federal Reserve Bank of New York; and four of the remaining 11 Reserve Bank presidents, who serve one-year terms on a rotating basis. Nonvoting Reserve Bank presidents attend FOMC meetings, participate in the discussions, and contribute to the FOMC's assessment of the economy and policy options.
Prior to the enactment of the Banking Act of 1935, the chief executive officer of each Federal Reserve Bank held the title of governor.
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1914 - 1917 | Alfred L. Aiken
Title: Governor of the Federal Reserve Bank of Boston
Alfred L. Aiken served as governor of the Federal Reserve Bank of Boston from November 25, 1914, to December 20, 1917. -
1917 - 1922 | Charles A. Morss
Title: Governor of the Federal Reserve Bank of Boston
Charles A. Morss served as governor of the Federal Reserve Bank of Boston from December 20, 1917, to December 31, 1922. -
1923 - 1930 | Wm. P.G. Harding
Title: Governor of the Federal Reserve Bank of Boston
Wm. P.G. Harding served as governor of the Federal Reserve Bank of Boston from January 16, 1923, to April 7, 1930. -
1930 - 1942 | Roy A. Young
Title: Governor of the Federal Reserve Bank of Boston, which was changed to president of the Federal Reserve Bank of Boston on March 1, 1936
Roy A. Young served as governor (later president) of the Federal Reserve Bank of Boston from September 1, 1930, to March 31, 1942. -
1942 - 1944 | William W. Paddock
Title: President of the Federal Reserve Bank of Boston
William W. Paddock served as president of the Federal Reserve Bank of Boston from April 1, 1942, to May 1, 1944. -
1944 - 1946 | Ralph E. Flanders
Title: President of the Federal Reserve Bank of Boston
Ralph E. Flanders served as president of the Federal Reserve Bank of Boston from May 1, 1944, to February 28, 1946. -
1946 - 1948 | Laurence F. Whittemore
Title: President of the Federal Reserve Bank of Boston
Laurence F. Whittemore served as president of the Federal Reserve Bank of Boston from March 1, 1946, to October 4, 1948. -
1948 - 1961 | Joseph A. Erickson
Title: President of the Federal Reserve Bank of Boston
Joseph A. Erickson served as president of the Federal Reserve Bank of Boston from December 15, 1948, to February 28, 1961. -
1961 - 1968 | George H. Ellis
Title: President of the Federal Reserve Bank of Boston
George H. Ellis served as president of the Federal Reserve Bank of Boston from March 1, 1961, to June 30, 1968. -
1968 - 1988 | Frank E. Morris
Title: President of the Federal Reserve Bank of Boston
Frank E. Morris served as president of the Federal Reserve Bank of Boston from August 15, 1968, to December 31, 1988. -
1989 - 1994 | Richard F. Syron
Title: President of the Federal Reserve Bank of Boston
Richard F. Syron served as president of the Federal Reserve Bank of Boston from January 1, 1989, to March 31, 1994. -
1994 - 2007 | Cathy E. Minehan
Title: President of the Federal Reserve Bank of Boston
Cathy E. Minehan served as president of the Federal Reserve Bank of Boston from July 13, 1994, to July 22, 2007. -
2007 - 2021 | Eric Rosengren
Title: President of the Federal Reserve Bank of Boston
Eric Rosengren served as president of the Federal Reserve Bank of Boston from July 23, 2007, to September 30, 2021. -
2021 - 2022 | Kenneth C. Montgomery
Title: Interim President of the Federal Reserve Bank of Boston
Kenneth C. Montgomery served as interim president of the Federal Reserve Bank of Boston from October 1, 2021, to June 30, 2022. -
2022 - | Susan M. Collins
Title: President of the Federal Reserve Bank of Boston
Susan M. Collins began her term as president of the Federal Reserve Bank of Boston on July 1, 2022.
The process for selecting a Federal Reserve Bank president is set forth in the Federal Reserve Act. The president is appointed by the individual Reserve Bank's board of directors and approved by the Board of Governors of the Federal Reserve System for a renewable term of five years. For additional details, see How is a Federal Reserve Bank president selected? published by the Board of Governors.
Presidents of the Federal Reserve Bank of Boston. https://fraser.stlouisfed.org/timeline/presidents-frb-boston, accessed on November 15, 2024.