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Susan M. Collins (born 1958/1959) [1] is an American economist who has served as the 14th president and CEO of the Federal Reserve Bank of Boston since July 1, 2022. She is the first African American woman and first woman of color to lead any of the 12 regional Federal Reserve Banks. [2]
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. [6] 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.
A Federal Reserve Bank is a regional bank of the Federal Reserve System, the central banking system of the United States. There are twelve in total, one for each of the twelve Federal Reserve Districts that were created by the Federal Reserve Act of 1913. [ 1 ]
A new face is coming to the Federal Reserve’s top brass, as the central bank’s outpost in Boston announced that economist Susan Collins will be taking on the top job as president.
From 1991 to 1994 Minehan was the First Vice President of the Federal Reserve Bank of Boston, one of 12 regional Reserve Banks that together with the Board of Governors in Washington D.C. form the Federal Reserve System, [5] which charts "the nation's monetary policy and ensures smooth operation of the banking system."
Edward Gerald Corrigan (June 13, 1941 – May 17, 2022) was an American banker who was the seventh President of the Federal Reserve Bank of New York and Vice-Chairman of the Federal Open Market Committee. [1]
Because the Federal Reserve System is independent of the federal government, Federal Reserve Law Enforcement Officers have a benefits system separate from, but very similar to, federal employees, offering both pension and retirement. Each district has a different pay scale based on the local cost of living index.
There were 25 branches but in October 2008 the Federal Reserve Bank of New York Buffalo Branch was closed. List of Federal Reserve branches [ 1 ] [ 2 ] Map of the twelve Federal Reserve Districts, with the twelve Federal Reserve Banks marked as black squares, and all Branches within each district (24 total) marked as red circles.
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