Cathy Minehan was the president of the Federal Reserve Bank of Boston from 1994 to 2007. She was the Bank’s 12th president, the first woman to hold the position at the Boston Fed and the second woman to serve as the president of the Bank.
Minehan began her career with the Federal Reserve System in 1968 at the New York Fed, working as a bank examiner, analyst, and supervisor. She was named operations analysis officer in 1975 and manager of the management information department in 1976. In 1978, she spent a year in Washington as visiting assistant secretary to the Board of Governors of the Federal Reserve System.
Upon returning to the New York Fed in 1979, she was named assistant vice president, with responsibilities in data processing and also served as senior aide to the President. She was promoted to vice president in 1982 and senior vice president in 1987. As senior vice president, Minehan was responsible for the funds, securities, and accounts group. She moved to the Boston Fed in 1991, becoming the first woman to hold the position of first vice president at the Boston Fed before becoming bank president.
Minehan was born on Feb. 15, 1947, in Jersey City, New Jersey. She earned a B.A. from the University of Rochester in 1968 and an M.B.A. from New York University in 1977.
- Boston Fed Presidents. Federal Reserve Bank of Boston.