The Boston Fed’s Cash Services function is responsible for the distribution and supply of high-quality currency for the financial community, and ensuring that currency no longer fit for circulation is destroyed.
Cash Services performs a variety of functions, including issuing new currency on behalf of the U.S. Treasury, storing currency, processing and verifying financial institutions’ cash deposits, distributing currency and coin orders for financial institutions, detecting and removing counterfeit notes from circulation, destroying unfit currency, and providing contingency and emergency currency and coin services to financial institutions within the First District and other districts as needed.
The Corporate Communications team includes communication professionals, multimedia designers, and digital strategists who work collaboratively to enhance communication both internally within the Boston Fed and externally among members of the media, government officials, and the public at large.
Real Estate Services Group
The Real Estate Services Group maintains the integrity of the physical assets of Federal Reserve Plaza through sound resource planning and by providing timely, effective, and cost-efficient building services through best business practices and innovative technology.
Their responsibilities comprise a broad range of activities, and the staff includes professionals across a spectrum of skills who work collaboratively to provide a safe and attractive workplace for all building occupants.
Through the use of targeted policies and programs, Human Resources aims to attract, retain, and engage highly-skilled, capable, and diverse talent who have a passion for public service.
Internships and Co-ops
Students and graduates are able to grow their skills by participating in internships and co-ops across various departments at the Boston Fed. The Boston Fed has several partnerships, including, but not limited to working with the Boston Private Industry Council to hire FinTech Scholars, and with the Boston Chamber of Commerce on the Intern Hub initiative, a free portal for students, employers, and career counselors throughout Massachusetts that offers internship resources and an interactive job board.
The Boston Fed’s Legal department serves as in-house counsel, strategic partner, and trusted advisor to the Bank’s various business areas. Their varied responsibilities include providing advice on contracts, employment, immigration, intellectual property, payments, Treasury business, conflicts of interest, and ethics.
Office of Diversity & Inclusion
The Office of Diversity & Inclusion (ODI) is dedicated to advancing and supporting diversity, inclusion, and equal employment opportunity at the Boston Fed. The ODI works with a broad range of internal and external stakeholders to execute the Bank’s diversity and inclusion values, which include: providing fair access to career and procurement opportunities; providing a level playing field for training and development, key assignments, mentors and promotion; and leveraging diversity and inclusion for greater creativity, innovation and better business outcomes.
Regional & Community Outreach
The Regional & Community Outreach (R&CO) department serves as the community development arm of the Boston Fed. We work with financial institutions, community-based organizations, policymakers, and others with an interest in supporting the economic strength of low- and moderate-income (LMI) people and communities in New England. We do this by convening stakeholders with similar goals, conducting research, and sharing ideas that work. We also collaborate with community development offices at the other Federal Reserve Banks to help advance nationwide initiatives.
2017 Visiting Scholar Paid Positions
The Payment Strategies department supports the Federal Reserve's financial services mission to ensure that the retail payment system evolves with integrity and accessibility by serving as a change agent for retail payments. Payment Strategies plays a lead role in the Federal Reserve System and the payments industry to support new and emerging payment methods and participation in the development of related standards. Payment Strategies leads the Mobile Payments Industry Workgroup (MPIW), a collaborative effort among mobile payments industry stakeholders to resolve shared issues and eliminate barriers to commercial adoption of mobile payments at the point-of-sale.