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Ms. Cathy E. Minehan Board Member Since 2009
During her presidency of the Boston Fed, Ms. Minehan served as a member of the Federal Open Market Committee, the body responsible for U.S. monetary policy. She is a recognized expert in payment systems, a main responsibility of the Federal Reserve System. Ms. Minehan chaired the Financial Services Policy Committee, a body that oversees the provision of Reserve Bank payment services, and played key roles in the System's planning for, or response to, Y2K, interstate banking legislation, and 9/11. Ms. Minehan joined the Federal Reserve in 1968 as a bank examiner at the Federal Reserve Bank of New York. She served in a variety of roles during her career, including positions in public information and accounting control as well as check processing, accounting, funds, and securities. In 1991, she was appointed first vice president and chief operating officer of the Federal Reserve Bank of Boston, the first woman in the Federal Reserve System to be so named. She held that position until 1994, when she became the first woman to be appointed the Bank's president and CEO. Dedicated to many charitable causes, Ms. Minehan is chairman of the Board of Trustees of the Massachusetts General Hospital and chairs the Massachusetts Governor's Council of Economic Advisors. She also serves on a number of other non-profit boards, including Partners Health Care System, where she is a member of the compensation, finance, and executive committees, and the University of Rochester, where she chairs the executive committee. She is an Investment Company board member of the Massachusetts Institute of Technology as well as a board member and former board chair of The United Way of Massachusetts Bay. Ms. Minehan has received numerous awards, including the New England Women's Leadership award; the International Women's Forum "Women That Make a Difference" award; the Boy Scouts of America's Champion of Character award; leadership awards from the Patriots' Trail Girl Scouts and the Boston YWCA; awards from the Women's Economic Round Table for her distinguished career in banking; an award from the Boston Partners in Education for her leadership role in supporting educational partnerships; and the Medal of Hope from the Organization for a New Equality. She is the recipient of several honorary degrees and has taught at Northeastern University's School of Social Science, Urban Affairs & Public Policy. A fellow of the American Academy of Arts and Sciences, she holds an MBA with distinction from New York University, where she was designated a Distinguished Alumna in 1995. She obtained her undergraduate degree from the University of Rochester.
Page last updated: October 6, 2011 | Top of page |
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Ms. Cathy E. Minehan has more than four decades of experience in financial and economic policymaking. She is dean of the Simmons College School of Management, which offers the nation's first MBA program designed specifically for women. Ms. Minehan also serves as managing director of Arlington Advisory Partners, LLC, in Boston, Mass. She is a member of the corporate boards of VISA, Inc., and Becton, Dickinson and Company.