William Joseph McDonough
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William Joseph McDonough
William Joseph McDonough (April 21, 1934 – January 22, 2018) was a former vice chairman and special advisor to the chairman at Merrill Lynch & Co. Inc., responsible for assisting senior management in the company's business development efforts with governments and financial institutions. He retired in 2009. Early life and education McDonough earned a Master of Economics degree from Georgetown University in Washington, D.C., and a Bachelor of Economics degree from the College of the Holy Cross in Worcester, Massachusetts. He also served as an advisory board member for the Yale School of Management. Career Before his career with the First Chicago, McDonough was with the U.S. Navy from 1956 to 1961 and the U.S. State Department from 1961 to 1967. McDonough retired from First Chicago Corporation and its bank, First National Bank of Chicago, in 1989 after a 22-year career there. He was vice chairman of the board and a director of the corporation from 1986 until his retirement. Be ...
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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 ending i ...
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Federal Reserve Bank Of New York
The Federal Reserve Bank of New York is one of the 12 Federal Reserve Banks of the United States. It is responsible for the Second District of the Federal Reserve System, which encompasses the State of New York, the 12 northern counties of New Jersey, Fairfield County in Connecticut, Puerto Rico, and the U.S. Virgin Islands. Located at 33 Liberty Street in Lower Manhattan, it is by far the largest (by assets), the most active (by volume), and the most influential of the Reserve Banks. The Federal Reserve Bank of New York is solely responsible for implementing monetary policy on behalf of the Federal Open Market Committee and acts as the market agent of the entire Federal Reserve System (as it houses the Open Market Trading Desk and manages System Open Market Account). It is also the sole fiscal agent of the U.S. Department of the Treasury, the bearer of the Treasury's General Account, and the custodian of the world's largest gold storage reserve. Aside from these distinct f ...
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Timothy Geithner
Timothy Franz Geithner (; born August 18, 1961) is a former American central banker who served as the 75th United States Secretary of the Treasury under President Barack Obama from 2009 to 2013. He was the President of the Federal Reserve Bank of New York from 2003 to 2009, following service in the Clinton administration. Since March 2014, he has served as president and managing director of Warburg Pincus, a private equity firm headquartered in New York City. As President of the New York Fed and Secretary of the Treasury, Geithner had a key role in government efforts to recover from the financial crisis of 2007–08 and the Great Recession. At the New York Fed, Geithner helped manage crises involving Bear Stearns, Lehman Brothers, and the American International Group; as Treasury Secretary, he oversaw allocation of $350 billion under the Troubled Asset Relief Program, enacted during the previous administration in response to the subprime mortgage crisis. Geithner also managed ...
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Westchester County, New York
Westchester County is located in the U.S. state of New York. It is the seventh most populous county in the State of New York and the most populous north of New York City. According to the 2020 United States Census, the county had a population of 1,004,456, an increase of 55,344 (5.8%) from the 949,113 counted in 2010. Located in the Hudson Valley, Westchester covers an area of , consisting of six cities, 19 towns, and 23 villages. Established in 1683, Westchester was named after the city of Chester, England. The county seat is the city of White Plains, while the most populous municipality in the county is the city of Yonkers, with 211,569 residents per the 2020 U.S. Census. The annual per capita income for Westchester was $67,813 in 2011. The 2011 median household income of $77,006 was the fifth-highest in New York (after Nassau, Putnam, Suffolk, and Rockland counties) and the 47th highest in the United States. By 2014, the county's median household income had risen to $83, ...
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Council On Foreign Relations
The Council on Foreign Relations (CFR) is an American think tank A think tank, or policy institute, is a research institute that performs research and advocacy concerning topics such as social policy, political strategy, economics, military, technology, and culture. Most think tanks are non-governmenta ... specializing in U.S. foreign policy and international relations. Founded in 1921, it is a nonprofit organization that is independent and nonpartisan. CFR is based in New York City, with an additional office in Massachusetts. Its Members of the Council on Foreign Relations, membership has included senior politicians, numerous United States Secretary of State, secretaries of state, Central Intelligence Agency, CIA directors, bankers, lawyers, professors, corporate directors and CEOs, and senior Mass media, media figures. CFR meetings convene government officials, global business leaders and prominent members of the intelligence and foreign-policy community to discuss ...
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Group Of Thirty
The Group of Thirty, often abbreviated to G30, is an international body of financiers and academics which aims to deepen understanding of economic and financial issues and to examine consequences of decisions made in the public and private sectors. Areas within the interest of the group include: the foreign exchange market, international capital markets, international financial institutions, central banks and their supervision of financial services and markets, and macroeconomic issues such as product and labor markets. The group is noted for its advocacy of changes in global clearing and settlement. History The Group of Thirty was founded in 1978 by Geoffrey Bell at the initiative of the Rockefeller Foundation, which also provided initial funding for the body. Its first chairman was Johannes Witteveen, the former managing director of the International Monetary Fund. The G30's current Chairman is Tharman Shanmugaratnam. Its current Chairman of the Board of Trustees is Jac ...
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United Nations Association Of The United States Of America
The United Nations Association of the United States of America (UNA-USA) is a nonprofit grassroots organization dedicated to promoting political and public support for the United Nations among Americans. A program of the United Nations Foundation, its mission includes advocating for greater U.S. leadership at the UN, improving and enhancing the UN system, and implementing the Sustainable Development Goals and the UN Charter in both the U.S. and globally. UNA-USA's activities include public outreach, political lobbying, and community organizing. It hosts youth programs, fellowships, and networking events both locally and nationally. Its flagship events include the Global Engagement Summit at the UN Headquarters in New York City and the Leadership Summit in Washington, D.C. UNA-USA is led by an executive director and governed by a thirty-member national council that meets semi-annually. Along with its sister organization, the Better World Campaign, UNA-USA is the world's largest U ...
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United Nations
The United Nations (UN) is an intergovernmental organization whose stated purposes are to maintain international peace and international security, security, develop friendly relations among nations, achieve international cooperation, and be a centre for harmonizing the actions of nations. It is the world's largest and most familiar international organization. The UN is headquarters of the United Nations, headquartered on extraterritoriality, international territory in New York City, and has other main offices in United Nations Office at Geneva, Geneva, United Nations Office at Nairobi, Nairobi, United Nations Office at Vienna, Vienna, and Peace Palace, The Hague (home to the International Court of Justice). The UN was established after World War II with Dumbarton Oaks Conference, the aim of preventing future world wars, succeeding the League of Nations, which was characterized as ineffective. On 25 April 1945, 50 governments met in San Francisco for United Nations Conference ...
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New York Philharmonic Orchestra
The New York Philharmonic, officially the Philharmonic-Symphony Society of New York, Inc., globally known as New York Philharmonic Orchestra (NYPO) or New York Philharmonic-Symphony Orchestra, is a symphony orchestra based in New York City. It is one of the leading American orchestras popularly referred to as the " Big Five". The Philharmonic's home is David Geffen Hall, located in New York's Lincoln Center for the Performing Arts. Founded in 1842, the orchestra is one of the oldest musical institutions in the United States and the oldest of the "Big Five" orchestras. Its record-setting 14,000th concert was given in December 2004. History Founding and first concert, 1842 The New York Philharmonic was founded in 1842 by the American conductor Ureli Corelli Hill, with the aid of the Irish composer William Vincent Wallace. The orchestra was then called the Philharmonic Society of New York. It was the third Philharmonic on American soil since 1799, and had as its intended purpose, "t ...
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The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national " newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the pa ...
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Public Company Accounting Oversight Board
The Public Company Accounting Oversight Board (PCAOB) is a nonprofit corporation created by the Sarbanes–Oxley Act of 2002 to oversee the audits of public companies and other issuers in order to protect the interests of investors and further the public interest in the preparation of informative, accurate and independent audit reports. The PCAOB also oversees the audits of broker-dealers, including compliance reports filed pursuant to federal securities laws, to promote investor protection. All PCAOB rules and standards must be approved by the U.S. Securities and Exchange Commission (SEC). Purpose In creating the Public Company Accounting Oversight Board (PCAOB), the Sarbanes-Oxley Act required that auditors of U.S. public companies be subject to external and independent oversight for the first time in history. Previously, the profession was self-regulated. Congress vested the PCAOB with expanded oversight authority over the audits of brokers and dealers registered with the SE ...
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