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Benjamin Strong Jr.
Benjamin Strong Jr. (December 22, 1872 – October 16, 1928) was an American banker. He served as Governor of the Federal Reserve Bank of New York for 14 years until his death. He exerted great influence over the policy and actions of the entire Federal Reserve System and indeed over the financial policies of all of the United States and Europe. Early life Strong was born in Fishkill, New York in the Hudson Valley, and was raised in Montclair, New Jersey. His father's family were primarily merchants and bankers, descended from a British immigrant who had arrived in Massachusetts in 1630. Strong had hopes of attending Princeton University after an older brother, but his family experienced temporary financial difficulties when he graduated from Montclair High School. Strong opted to go to work and became a clerk at a Wall Street investment and financial management firm associated with his father's employer. Corporate banking career In 1900, Strong joined a trust company to work a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Presidents Of The Federal Reserve Bank Of New York
The Federal Reserve Bank of New York (New York Fed) is one of 12 regional reserve banks of the Federal Reserve System, which is the American central bank. It is described as being the most important of the banks, due to it being in the world's center of finance and serving as the Federal Open Market Committee's operating arm. This is also due to its conducting of open market operations and foreign exchange market intervention. History The former title for the chief executive officer of the New York Fed was governor and was renamed to president due to the Banking Act of 1935. Akin to all other reserve bank presidents, the president of the New York Fed is nominated by the Board of Directors of the New York Fed and is approved by the Board of Governors of the Federal Reserve System. The Federal Reserve Act states that the president of a Federal Reserve Bank is the chief executive officer of the bank in question and has a term that ends the last day in February in years endin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank
A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base. Most central banks also have supervisory and regulatory powers to ensure the stability of member institutions, to prevent bank runs, and to discourage reckless or fraudulent behavior by member banks. Central banks in most developed nations are institutionally independent from political interference. Still, limited control by the executive and legislative bodies exists. Activities of central banks Functions of a central bank usually include: * Monetary policy: by setting the official interest rate and controlling the money supply; *Financial stability: acting as a government's banker and as the bankers' bank ("lender of last resort"); * Reserve management: managing a country ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Woodrow Wilson
Thomas Woodrow Wilson (December 28, 1856February 3, 1924) was an American politician and academic who served as the 28th president of the United States from 1913 to 1921. A member of the Democratic Party, Wilson served as the president of Princeton University and as the governor of New Jersey before winning the 1912 presidential election. As president, Wilson changed the nation's economic policies and led the United States into World War I in 1917. He was the leading architect of the League of Nations, and his progressive stance on foreign policy came to be known as Wilsonianism. Wilson grew up in the American South, mainly in Augusta, Georgia, during the Civil War and Reconstruction. After earning a Ph.D. in political science from Johns Hopkins University, Wilson taught at various colleges before becoming the president of Princeton University and a spokesman for progressivism in higher education. As governor of New Jersey from 1911 to 1913, Wilson broke with party b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Henry P
Henry may refer to: People *Henry (given name) * Henry (surname) * Henry Lau, Canadian singer and musician who performs under the mononym Henry Royalty * Portuguese royalty ** King-Cardinal Henry, King of Portugal ** Henry, Count of Portugal, Henry of Burgundy, Count of Portugal (father of Portugal's first king) ** Prince Henry the Navigator, Infante of Portugal ** Infante Henrique, Duke of Coimbra (born 1949), the sixth in line to Portuguese throne * King of Germany ** Henry the Fowler (876–936), first king of Germany * King of Scots (in name, at least) ** Henry Stuart, Lord Darnley (1545/6–1567), consort of Mary, queen of Scots ** Henry Benedict Stuart, the 'Cardinal Duke of York', brother of Bonnie Prince Charlie, who was hailed by Jacobites as Henry IX * Four kings of Castile: ** Henry I of Castile ** Henry II of Castile **Henry III of Castile **Henry IV of Castile * Five kings of France, spelt ''Henri'' in Modern French since the Renaissance to italianize the na ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Citibank
Citibank, N. A. (N. A. stands for " National Association") is the primary U.S. banking subsidiary of financial services multinational Citigroup. Citibank was founded in 1812 as the City Bank of New York, and later became First National City Bank of New York. The bank has 2,649 branches in 19 countries, including 723 branches in the United States and 1,494 branches in Mexico operated by its subsidiary Banamex. The U.S. branches are concentrated in six metropolitan areas: New York, Chicago, Los Angeles, San Francisco, Washington, D.C., and Miami. It was founded as City Bank of New York and became National City Bank of New York. It has had an important role in war bonds. It has had a role in international events including the U.S. invasion of Haiti. History Early history The City Bank of New York was founded on June 16, 1812. The first president of the City Bank was the statesman and retired Colonel, Samuel Osgood. After Osgood's death in August 1813, William Few ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Frank Vanderlip
Frank Arthur Vanderlip Sr. (November 17, 1864 – June 30, 1937) was an American banker and journalist. He was president of the National City Bank of New York (now Citibank) from 1909 to 1919, and Assistant Secretary of the Treasury from 1897 to 1901. Vanderlip is known for his part in founding the Federal Reserve System and for founding the first Montessori school in the United States, the Scarborough School and the group of communities in Palos Verdes, California. Born in rural Illinois, Vanderlip worked in farms and factories until beginning a career in journalism in 1885. His efforts in financial journalism led him to become Assistant Secretary of the Treasury until the National City Bank hired him. While president of the bank, Vanderlip worked with the Jekyll Island group to develop a federal reserve; Vanderlip's later proposals also influenced the creation of the Federal Reserve System in 1913. His later life was focused towards developing Palos Verdes and creating ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Germany
Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated between the Baltic and North seas to the north, and the Alps to the south; it covers an area of , with a population of almost 84 million within its 16 constituent states. Germany borders Denmark to the north, Poland and the Czech Republic to the east, Austria and Switzerland to the south, and France, Luxembourg, Belgium, and the Netherlands to the west. The nation's capital and most populous city is Berlin and its financial centre is Frankfurt; the largest urban area is the Ruhr. Various Germanic tribes have inhabited the northern parts of modern Germany since classical antiquity. A region named Germania was documented before AD 100. In 962, the Kingdom of Germany formed the bulk of the Holy Roman Empire. During the 16th ce ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paul Warburg
Paul Moritz Warburg (August 10, 1868 – January 24, 1932) was a German-born American investment banker who served as the 2nd Vice Chair of the Federal Reserve from 1916 to 1918. Prior to his term as vice chairman, Warburg appointed as a member of the Federal Reserve Board of Governors since 1914. He was an early advocate of the US central bank system. Early life Warburg was born in Hamburg, Germany, to the Warburg family, a Jewish banking dynasty with origins in Venice. His parents were Moritz and Charlotte Esther (Oppenheim) Warburg. After graduating from the Realgymnasium in Hamburg in 1886, he entered the employ of Simon Hauer, a Hamburg importer and exporter, to learn the fundamentals of business practice. He similarly worked for Samuel Montague & Company, bankers, in London in 1889–90, and the Banque Russe pour le Commerce Etranger in Paris in 1890–91.''Dictionary of American Biography'', Vol. XIX, p. 412–13. New York: Charles Scribner's Sons, 1936.''National Cyclop ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Abram Andrew
Abram Piatt Andrew Jr. (February 12, 1873 – June 3, 1936) was an American economist and politician who served as Assistant Secretary of the Treasury, the founder and director of the American Ambulance Field Service during World War I, and a member of the U.S. House of Representatives from Massachusetts. Early life and education He was born in La Porte, Indiana, on February 12, 1873. He attended the public schools and the Lawrenceville School. He graduated from Princeton College in 1893, studied at the Harvard Graduate School of Arts and Sciences from 1893 to 1898, graduating with a master's degree in 1895 and a doctorate in 1900. He later pursued postgraduate studies in the Universities of Halle, Berlin, and Paris. Early career in economics He moved to Gloucester, Massachusetts, and was instructor and assistant professor of economics at Harvard University from 1900 to 1909. In January 1907, Andrew published a paper that anticipated the economic panic that hit in the fall ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jekyll Island
Jekyll Island is located off the coast of the U.S. state of Georgia, in Glynn County. It is one of the Sea Islands and one of the Golden Isles of Georgia barrier islands. The island is owned by the State of Georgia and run by a self-sustaining, self-governing body. It was long used seasonally by indigenous peoples of the region. The Guale and the Mocama, the indigenous peoples of the area when Europeans first reached the area, were killed or forced to leave by the English of the Province of Carolina and their native allies, and by raids by French pirates. Plantations were developed on the island during the British colonial period. A few structures still standing are made of tabby, a coastal building material of crushed oyster shells. The island was developed in the late 19th and early 20th centuries. It was evacuated during World War II by order of the US government. In 1947 the state of Georgia acquired all the property, for security and preservation. A popular tourist destinati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nelson Rockefeller
Nelson Aldrich Rockefeller (July 8, 1908 – January 26, 1979), sometimes referred to by his nickname Rocky, was an American businessman and politician who served as the 41st vice president of the United States from 1974 to 1977. A member of the Republican Party and wealthy Rockefeller family, he previously served as the 49th governor of New York from 1959 to 1973. He also served as assistant secretary of State for American Republic Affairs for Presidents Franklin D. Roosevelt and Harry S. Truman (1944–1945) as well as under secretary of Health, Education and Welfare (HEW) under Dwight D. Eisenhower from 1953 to 1954. In 1980, HEW split into 2 cabinet level agencies: Health & Human Services (HHS) & Department of Education. A grandson of Standard Oil founder John D. Rockefeller, he was a noted art collector and served as administrator of Rockefeller Center in Manhattan, New York City. Rockefeller was often considered to be liberal, progressive, or moderate. In an agr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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