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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 ...
Governor [President], Federal Reserve Bank of New York, 1914–1928. Born: December 22, 1872. Died: October 16, 1928. Benjamin Strong Jr. was elected president (then called governor) of the Federal Reserve Bank of New York at its first board of directors’ meeting on October 5, 1914.
Benjamin Strong Jr. was elected governor of the New York Fed at the Bank's first board meeting on October 5, 1914, six weeks prior to the opening day. He was 41, and then president of Bankers Trust Co. of New York. During his 14 years in office, his knowledge of the banking history of the United States, coupled with his intense interest in ...
Summary. Benjamin Strong, Jr made few speeches and did not appear in public to wax theoretically on the ways of economics and high finance. He was J. P. Morgan’s workhorse, and he built his reputation and his fortune on the back of the House of Morgan.
The Federal Reserve Bank of New York opened for business on November 16, 1914, under the leadership of Benjamin Strong Jr., who had previously been president of the Bankers Trust company. He led the bank until his death in 1928. Strong became the executive officer (then called the "governor"—today, the term would be "president").
Die New York Fed nahm am 16. November 1914 unter der Leitung von Benjamin Strong Jr., der vorher Präsident der Bankers Trust Company war, ihren Geschäftsbetrieb auf. Er leitete die Bank bis zu seinem Tod im Jahr 1928. Da die Bank in den Anfangsjahren schnell wuchs, war bald ein neues größeres Gebäude notwendig.
Benjamin Strong, Jr. was elected first governor (president) of the Federal Reserve Bank of New York in 1914, a position which he held until his death in 1928. This collection provides material about the early years of the Federal Reserve System and Strong's leading role in monetary and fiscal systems, both in the United States and internationally.
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