Working in conjunction with other federal and state authorities, the Boston Fed works to ensure that financial institutions safely manage their operations and provide fair and equitable services to consumers.
A primary responsibility of the Federal Reserve Bank of Boston's Analytics Unit in the Supervision, Regulation and Credit Department is processing applications and notices that are submitted to the Federal Reserve System pursuant to the Bank Holding Company Act of 1956, as amended, and the Federal Reserve Act.
Any state-chartered bank (mutual or stock-formed) may become a member of the Federal Reserve System. The twelve regional Reserve Banks supervise state member banks as part of the Federal Reserve System's mandate to assure strength and stability in the nation's domestic markets and banking system.
The Federal Reserve System relies on the timely and accurate filing of report data by domestic and foreign financial institutions.
The names and assets of bank holding companies and bank subsidiaries located in the First Federal Reserve District.
The Boston Fed helps relieve liquidity strains in the banking system, assists Reserve Banks and depository institutions in controlling risk, and monitors reserve accounts to ensure compliance with reserve and clearing balance requirements.
The Discount Window functions as a safety valve in relieving pressures in reserve markets. In circumstances where extensions of credit can help relieve liquidity strains in the banking system, the Discount Window also helps to assure the basic stability of financial markets more generally.
The Federal Reserve Board’s Payment System Risk Policy is intended to assist Reserve Banks and depository institutions in controlling risk.
Federal Reserve Banks monitor reserve accounts to ensure compliance with reserve and clearing balance requirements.
Financial Stability Analysis
Economists and policy analysts conduct research on risks to financial stability and to support the Federal Reserve System’s related supervisory efforts.
The Risk and Policy Analysis Unit (RPA) conducts research and analysis to support the Federal Reserve System's supervisory efforts, the System's development and implementation of regulatory policy, and the System's formation of monetary policy.