biography
| name: |
Martin, William McChesney, Jr
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| sex:
| male
|
| lived:
| (1906–98)
|
| biography:
| Stockbroker and government official, born in St Louis, Missouri, USA. The son of a banker who helped draft the Federal Reserve Act during the Wilson Administration, he graduated from Yale (1928), worked in a St Louis brokerage, and returned East (1931) to take a seat on the New York Stock Exchange (NYSE). In 1938 he became the exchange's first salaried president. He joined the government as an assistant treasury secretary before becoming chairman of the Federal Reserve Board in 1951. Associated with conservative monetary policies during his long tenure on the board, he served on a committee to reorganize the NYSE, and sat on several corporate boards after his retirement from government service in 1970. |
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