Federal Reserve Bank of Boston

A visit to the Federal Reserve Bank of Boston
Lucas li
On June 25, 2010, I was very honored to visit the Federal Reserve Bank of Boston. This is a serious trip because we must pass the safety examination before we entered the bank. The Federal Reserve Bank of Boston is one of twelve district Reserve Banks in the Federal Reserve System. Their responsibility is to serve the First Federal Reserve District, which includes the six New England states- Connecticut (excluding Fairfield County), Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. In addition, the bank has a system which is composed of a central, governmental agency—the Board of Governors—in Washington, D.C. Twelve banks supervise each other and regulate certain financial institutions and activities.


There was a presentation which helped us to know how the Federal Reserve Bank work in a correct way. After watching this presentation, I know several functions of this bank. For instance, it hold the cash reserves of depository institutions and make loans to them and move currency and coin into and out of circulation, and collect and process millions of checks each day.
One of the most interesting things is that the person who works in the bank also showed us some money that was issued in the past. I still remembered the 10,000 dollars and 100,000 dollars. Learning finance can help us to work in bank more easily and analyze current economic situation accurately. I am jealously about who study finance because it is a great subject.