Walter Braddock Hickman (April 11, 1911 – November 28, 1970) was President of the Federal Reserve Bank of Cleveland from May 1, 1963, to November 28, 1970 (died in office).

Biography

A native of

Baltimore, Maryland Baltimore ( , locally: or ) is the most populous city in the U.S. state of Maryland, fourth most populous city in the Mid-Atlantic, and the 30th most populous city in the United States with a population of 585,708 in 2020. Baltimore was ...

, Hickman graduated from the University of Richmond and earned his Ph.D. in economics from Johns Hopkins University in 1937. He was a member of the faculties of Princeton University, Rutgers University, and the Institute for Advanced Study. During World War II, he was a lieutenant in the U.S. Naval Reserve. Hickman became a member of the research staff and director of the Corporate Bond Research Project of the National Bureau of Economic Research and published three books on corporate finance. Hickman conducted some of the earliest and most complete studies of credit risk in corporate bond markets, most notably his 1958 book, ''Corporate bond quality investor experience''. Historical Default Rates of Corporate Bond Issuers, 1920 – 1996
Moody's Investors Services, 1997 These credit studies have been credited by Michael Milken for sparking his theories on junk bonds in the 1970s. Hickman was supervisor of economic studies at the New York Life Insurance Company from 1953 to 1956, joining American Airlines as director of economic research in 1956. He was appointed senior vice president of the Federal Reserve Bank of Cleveland in 1960 and was named president in 1963. Hickman, who always retained a close interest in economic research, was appointed by U.S. President Richard Nixon to the National Commission on Federal Statistics in 1970.

Selected publications

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References

External links

*http://www.clevelandfed.org
Statements and Speeches of W. Braddock Hickman
from 1964 to 1970 {{DEFAULTSORT:Hickman, W. Braddock 1911 births 1970 deaths 20th-century American businesspeople American financial businesspeople Businesspeople from Baltimore Federal Reserve Bank of Cleveland presidents Johns Hopkins University alumni Princeton University faculty Rutgers University faculty University of Richmond alumni

Biography

Selected publications

References

Further reading

External links