Diane Shephard

Federal Reserve Bank of Boston Diane Shephard

Since opening for business on November 16, 1914, the Federal Reserve Bank of Boston has been an integral part of the economic life of the entire New England area. From the outbreak of World War I through the technological challenges of Y2K and the dark days following the attacks on September 11, 2001, the Boston Fed has played a prominent role in providing stability and strength to the region. Beyond its financial role, the story of the Boston Fed is also the story of Boston and all of New England. The transformation of the local economy, the changing face of the area's population and workforce, the march of technology, the emerging roles of women and minorities--all are reflected in the history of the bank, its employees, and the people and institutions that it serves. As the Fed approaches its centennial year, it looks back upon an era of our nation's history unprecedented in both its challenges and triumphs.