A visit to the Fedral Reserve Bank of Boston

Last Friday, we went to the Federal Reserve Bank of Boston, also known as the Boston Fed. The first impression of this building on me was a tall and severe place that was the first district of the Federal Reserve. Then, we had a presentation of introduction about this bank. Through this presentation，i had a good knowledge of payment system. Payment system includes 3 different levels, and the first one was Board of governors，the second one was Federal Reserve bank，the third were members and other depository institutions. The relationshio among them was managed and controled from the first to the third, the most poweerful one is board of governors. Moreover, the Federal Reserve Bank of Boston , Massachusetts's code was A1, meaning that dollar bills from it will have the letter A on them.It acted as a branch of nation's central bank, making contributions to local communities, the region, and the nation by the way of its" high-quality research, regulatory oversight, and financial services, andcommitment to leadership and innovation".(http://www.bos.frb.org/about/index.htm) For the reason that i will major in Finance in NEU, this trip helps me learn a lot about the Banking system and i feel so happy of this trip.