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Federal Reserve Bank of Minneapolis Oral History Project: Interview with Bruce K. MacLaury

Titles: Federal Reserve Bank of Minneapolis Oral History Project: Interview with Bruce K. MacLaury (Supplied title)

Description: BIOGRAPHICAL INFORMATION: Bruce K. MacLaury was born and raised in Westchester County, New York. He graduated form Princeton University and attended graduate school for economics at Harvard. He served in the army from 1954-1956, after which he joined the Federal Reserve Bank in New York, in the research program - British Empire section. MacLaury left his position as Deputy Undersecretary for Monetary Affairs with the Treasury Department to become the president of the Federal Reserve Bank of Minneapolis in 1971. During his tenure, the major responsibilities for the operations of the Bank were in the hands of the first vice president. MacLaury comments on the role of a Federal Reserve Bank president in creating monetary policy and providing service as a spokesperson for the Federal Reserve as well as a conveying information from the community back to Washington. He resigned in 1977 to accept a position as president of the Brookings Institution in Washington, D.C. SUBJECTS DISCUSSED: MacLaury discusses his introduction to the Federal Reserve system, his travels in the region, and various attempts to change banking regulations. MacLaury also talks about Open Market Committee meetings and about what led to his departure from the Bank for the Brookings Institution. COMMENTS ON INTERVIEW: Audio tapes for this interview are housed at the Federal Reserve Bank Library in Minneapolis.

Dates

  • 11/05/1992 (Creation)

Creation

Identifiers

  • Library Call Number: OH 5
  • Accession Number: AV1994.172.3

Holding Type: Oral History - Interview

Project

Quantity: 33 pages transcript

Format

  • Content Category: text

Subjects

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