Foreword

Education is an issue that touches everyone, personally, professionally, and as citizens of our respective nations and the world. The Federal Reserve Bank of Boston has had a long involvement with education reform in Massachusetts and in Boston specifically. We do this out of a sense of community involvement, but also out of a real desire to improve the pool from which we draw a major share of our workforce. As we consider the challenges facing our country and the world, education, more so than almost anything else, is at once both at the heart of every problem and a part of every solution.Education

Capital allocation for operational risk: welcome remarks to a conference held November 14-16, 2001 at the Federal Reserve Bank of Boston

The conference provided a comprehensive understanding of current and evolving best practices in identifying, measuring, and modeling operational risk and in managing and mitigating this risk through capital allocation, insurance, and other existing and potential risk management tools. The conference presented the perspectives of practitioners in the banking, securities, and insurance industries, as well as supervisors and academic specializing in these sectors. The conference also identified and discussed possible solutions to barriers that may be impeding the development of new approaches.Risk management

Reasons for optimism

President Minehan delivered these remarks during the July convening of the Bank's Community Development Advisory Council in Haverhill, Massachusetts.Community development - Massachusetts ; Economic conditions - Massachusetts

Some thoughts on the role of the Reserve Banks: discussion

Monetary policy ; Monetary policy - United States

Seismic shifts: the economic impact of demographic change: foreword

Demography ; Economic conditions

Building communities: making a difference

One of the most vexing economic problems facing the United States has been the persistence of pockets of poverty in the midst of prosperity. The reasons for this are many and complex. Prominent among them are economic isolation in the case of rural areas, and language and cultural barriers in the case of many inner-city communities. Discrimination has played a role, but so too has simple ignorance. Resources and opportunities exist in these communities, but getting the recognition from market sources necessary to leverage these assets is difficult. For whatever reason, human and physical resources in these neighborhoods may not be fully utilized. Perhaps even worse, exclusion from the economic mainstream perpetuates and reinforces itself. Lacking jobs, capital, and examples of success, many of these communities have remained mired in poverty.Community development corporations ; Poverty

Do What You Love

This article is about the author’s career and how it has taken her to many places in her life and beyond. She starts on her first day of training in New York and ends up with her as President of the Federal Reserve Bank of Boston. She describes balancing her life with her career and the rewards and difficulties of it all

Small steps in the right direction?: restructuring public education

When the term "knowledge-based economy" first entered popular discussion - sometime around the early 1980s - the focus was exclusively on scientific, technological, and business leadership. Only gradually did our society come to appreciate the pervasiveness of the knowledge-based economy. It affects not just the demand for high-level technical and entrepreneurial talent but, indeed, the job requirements for virtually all types of work. This growing realization has laid the foundation for broad-scale reforms of education in the United States and many other nations.Education

The U.S. retail payments system: moving to the future

Payment systems

Statement to Congress, October 12, 1994(views of Federal Reserve Bank of Boston on the cost of credit to consumers and small business in New England)

Consumer credit ; New England