Allan Sproul

Allan Sproul
Allan Sproul
President of the Federal Reserve Bank of New York
	In office; January 1, 1941 – June 30, 1956
Preceded by	George Harrison
Succeeded by	Alfred Hayes
Personal details
Born	March 9, 1896; San Francisco, California, U.S.
Died	April 9, 1978 (aged 82); Kentfield, California, U.S.
Education	University of California, Berkeley (BA); New York University (LLB)

Allan Sproul (March 9, 1896 – April 9, 1978) was an American banker. Widely regarded as one of the world's foremost central bankers, he served as President of the Federal Reserve Bank of New York from 1941 to 1956.[1][2]

Biography

He was born on March 9, 1896, in San Francisco, California. He graduated from the University of California at Berkeley and was awarded a J.D. from New York University. He joined the Federal Reserve System in 1920 as head of the division of analysis and research of the San Francisco Fed. In 1930, he came to the Federal Reserve Bank of New York as an assistant deputy governor and secretary, and six years later, when official titles changed, he was appointed first vice president.

As one of the leading central bankers in United States history, Sproul made major contributions in solving monetary problems. He was named vice chairman of the Federal Open Market Committee (the system's top monetary policymaking unit) when the New York Fed was given permanent representation on that committee in 1942.

In 1956, he resigned from the New York Fed and returned to California to serve as a director of Wells Fargo Bank. He was appointed a director of that bank's holding company in 1969. Sproul also served as a director of Kaiser Aluminum and Chemical Corporation.

He died of a heart attack at his home in California on April 9, 1978.[2]

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References

"Allan Sproul". Federal Reserve Bank of New York. Retrieved 2012-10-28. Allan Sproul spent nearly 36 years in the Federal Reserve System, all but 10 of them at the New York Fed. He served as president from January 1941 to June 1956. He was 44 when named president. ...
"Allan Sproul, Retired President Of New York Fed, Is Dead at 82. Was Wells Fargo Bank Director". The New York Times. April 10, 1978. Retrieved 2012-10-28. Allan Sproul, retired president of the Federal Reserve Bank of New York, who was widely regarded as one of the world's foremost central bankers died of a heart attack Sunday at his home in California. He was 82 years old.

External links

Guide to the Allan Sproul Papers at The Bancroft Library
Items by or about Allan Sproul at FRASER

Government offices
Preceded by George Harrison	President of the Federal Reserve Bank of New York 1941–1956	Succeeded by Alfred Hayes

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[1] "Allan Sproul". Federal Reserve Bank of New York. Retrieved 2012-10-28. Allan Sproul spent nearly 36 years in the Federal Reserve System, all but 10 of them at the New York Fed. He served as president from January 1941 to June 1956. He was 44 when named president. ...

[obit-2] "Allan Sproul, Retired President Of New York Fed, Is Dead at 82. Was Wells Fargo Bank Director". The New York Times. April 10, 1978. Retrieved 2012-10-28. Allan Sproul, retired president of the Federal Reserve Bank of New York, who was widely regarded as one of the world's foremost central bankers died of a heart attack Sunday at his home in California. He was 82 years old.