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An independent clinical opportunity is available in the Legal Department of the Federal Reserve Bank of Boston for the Spring 2022 semester.  The student will work principally on legal issues associated with a Central Bank Digital Currency.  As part of the Federal Reserve’s assessment of the safety and efficiency of central bank digital currency systems, the Federal Reserve Bank of Boston is undertaking a multiyear, collaborative effort to build a hypothetical digital currency for central bank use.   There may also be some discrete assignments on other legal topics during the semester.

This placement will preferably be for 3 credits (meaning 12 hours of work per week during the semester), though a 2 credit placement (8 hours per week) may be possible.  Professor Tarullo will be the faculty supervisor. Once a student is selected by the Federal Reserve Bank, the student will be required to submit an independent clinical application. Please consult:  Independent clinical application deadline is January 21, 2022.

Students should submit a resume and cover letter to Liz Solar  Applications will be sent by Prof. Tarullo to the Federal Reserve Bank for their review and selection.  Application is due by Friday, January 14, 2022.   Questions may be directed to Liz Solar, Director of Externships, at