^Lot 507 Federal Reserve Bank of Boston,

Boston, MA. Specimen. Odd shs, Green. Eagle vignette. Rare Stock. Stock "issued in Pursuance of the provisions of the Act of Congress approved Dec. 23, 1913, known as the Federal Reserve Act as amended, is paid up to the extent of fifty percent of its per value". On December 23, 1913, the Federal Reserve Act became law, and within a year the 12 Federal Reserve Banks were open for business. The Boston Fed, along with the other 11 Federal Reserve Banks nationwide and the Board of Governors in Washington, D.C., make up our nation's central bank. The Boston Fed serves the First Federal Reserve District that includes the six New England states: Connecticut (excluding Fairfield County), Massachusetts, Maine, New Hampshire, Rhode Island and Vermont. The Federal Reserve Bank of Boston was organized in October 1914. It opened for business on November 16, 1914, in temporary quarters at the corner of Milk and Pearl Streets with a staff of three officers and 14 clerks. Permanent quarters were secured on January 1, 1915, at 53 State Street, formerly occupied by The First National Bank of Boston. Extremely rare Federal Reserve Bank stock certificate. SCBNC. XF.