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Report
Retrospective on five years with the Boston Fed
This annual report focuses on the five years during which Richard F. Syron was president of the Boston Fed and on three issues in which Boston?s experience illustrates the important role played by regional Reserve Banks: monetary policy, banking regulation, and fair lending.
Report
Stories of connecting
Every day, the people of the Boston Fed connect with their world and their region. From identifying trends in data to encouraging collaboration among key populations, Boston Fed employees bring unique backgrounds and talents to their work to better the economic conditions for all in our region and nation. Here, we share three stories of those connections.
Report
Embracing change
Our Changing Environment, The Payments Evolution, New Approaches to Education, Managing Risk, An Economy Transformed
Report
The outlook for New England banking
Resilience has historically characterized the New England region, and the past year has exemplified that long-standing quality. Coming out of the worst regional recession since the Great Depression has been slow and painful, and the lives of many of our neighbors have been disrupted along the way. Fortunately, by the end of 1992 there were signs that the economic decline in New England was nearing the bottom.
Report
Trade and growth in New England
From the time when New England timber built the British navy and Salem boys sailed ginseng root to China and returned as wealthy men, New England?s growth has been tightly linked with international trade. The ties are no less compelling today. Trade raises living standards by promoting the efficient use of resources and encouraging the adoption of new technologies and productivity improvements. New England is a region that specializes in new technologies, a region with limited natural resources, and trade is essential to its future well-being. However, like technological change, increased ...
Report
Systemic supervision: a necessity of financial modernization
The world of financial services has changed rapidly in the past decade. The recent pace of innovation suggests that change could, if anything, accelerate in the coming years. Such an environment poses difficult challenges for financial industry supervisors, especially in addressing threats to the over-all stability of the financial system. Financial supervision in the United States has evolved in recent years to keep pace, but the coming, new environment may require an approach to supervision that more explicitly monitors the health of the financial system as a whole.