Working at the Fed

Has any of you ever worked at the Federal Reserve (whether for the Federal Reserve Board or for the NY Fed or something like that)? In times like these, I am considering all options, and I am pretty sure they do a lot of very intellectually interesting things there, along with a lot of mind-numbing things as well.

I'm sure the quality of the job will depend on the actual position within the Fed, but do any of you have any thoughts about the nature of the work, what co-workers are like, prestige (esp. for someone who is young and will not be an economist given lack of PhD), and exit opportunities (bschool or bust?) I am more interested in the economics and policy side.

Thanks!