After graduating from the University of Maine in 1941 at the top of his class, he served as a major in the infantry during World War II, spending the years 1941 to 1945 in the Pacific. It won’t look like stage money. The Federal Reserve Bank of Boston is also known as the Federal Reserve Bank of New England, covering the states of Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. Ellis was born in Orono, Maine, in 1920. The system is composed of a central, independent governmental agency--the Board of Governors--in Washington, D.C., and 12 regional Federal Reserve Banks, located in major cities throughout the nation.. Today, the Federal Reserve sets the nation's … George H. Ellis was the ninth president at the Federal Reserve Bank of Boston, serving from March 1961 to June 1968. History. Laurence F. Whittemore was the seventh president at the Federal Reserve Bank of Boston. G. William Miller was chairman of the Board of Governors of the Federal Reserve System from March 8, 1978, to August 6, 1979. Young It’ll be money that looks like real money” (Federal Reserve Bank of Boston 1999, 20). The Bank of the United States, now commonly referred to as the first Bank of the United States, opened for business in Philadelphia on December 12, 1791, with a twenty-year charter. It was designed by Hugh Stubbins of The Stubbins Associates, Inc. and was reportedly one of his favorite buildings. Federal Reserve Bank of Boston One of the 12 regional Federal Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. Built for the Federal Reserve Bank of Boston to replace the 1922 building which now houses the Langham Hotel Boston, the building was completed in 1977 and is 614 feet (187 m) tall with 32 floors. Add a photo to this gallery There are twelve in total, one for each of the twelve Federal Reserve Districts that were created by the Federal Reserve Act of 1913. Young served as governor (later president) of the Federal Reserve Bank of Boston from September 1, 1930, to March 31, 1942. Whittemore was born in 1894, in Pembroke, New Hamphire, where he would later serve as town moderator for twenty-five years. Federal Reserve History Website: Biography of Roy A. The Federal Reserve System was created on December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law. Miller was born in 1925 in Sapulpa, Oklahoma. The Langham, Boston is a Renaissance Revival style building constructed in 1922 to house the Federal Reserve Bank of Boston. It is District A of the United States of America. Both banks issued currency, made commercial loans, accepted deposits, purchased securities, maintained multiple branches and acted as fiscal agents for the U.S. Treasury. A free inside look at Federal Reserve Bank of Boston salary trends based on 216 salaries wages for 135 jobs at Federal Reserve Bank of Boston. A Federal Reserve Bank is a regional bank of the Federal Reserve System, the central banking system of the United States. The First Bank of the United States (1791–1811) and the Second Bank of the United States (1817–1836) each had a 20-year charter. See further description in the Boston Landmarks Commission Report The Federal Reserve System is the third central banking system in United States history. Salaries posted anonymously by Federal Reserve Bank of Boston employees. He served from March 1946 to October 1948. History. The Federal Reserve would have greater authority to support banks that reopened by lending “more freely” against the sound assets of those banks. Before joining the Board of Governors, he was a Class B director at the Federal Reserve Bank of Boston. 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. The building was designed by R. Clipston Sturgis based on the Palazzo della Cancelleria, in Rome, with its granite exterior, life-size equestrian statues, and painted dome ceiling.