Federal Reserve Bank of Minneapolis Oral History Project: Interview with Frederick L. Deming
Transcript
Description BIOGRAPHICAL INFORMATION: Mr. Deming was born September 12, 1912 in Des Moines, Iowa. Moving about for much of his childhood, Deming settled in St. Louis, Missouri where he attended high school. He received his bachelor's and master's degrees and doctorate from Washington University. Deming's first encounter with the Federal Reserve System was in August, 1941 at the Federal Reserve Bank of St. Louis where he served as the assistant manager of the research department. He stayed in St. Louis until 1957, working his way up through the ranks from manager to assistant vice president, vice president of research and then first vice president of the Bank. Deming came to the Federal Reserve Bank of Minneapolis in April of 1957. During his eight years as President, Deming established a close relationship with the Board of Governors. Also, during his tenure, eight floors were added to the Bank building, allowing the Bank to consolidate all its operations under one roof. In 1965, Deming resigned to become United States Undersecretary of the Treasury for Monetary Affairs. SUBJECTS DISCUSSED: Deming discusses a major challenge in banking in this region, non-par banking. He also comments on the federal politics surrounding monetary policies, following World War II. Further, Demming tells of the contributions of the Federal Reserve Bank to the United States economy. COMMENTS ON INTERVIEW: Audio tapes of this interview are housed at the Federal Reserve Bank Library in Minneapolis.
Quantity 37 pages transcript
Format Content Category: text
Creation Interviewee: Deming, Frederick Lewis
Interviewer: Fogerty, James E.
Dates Creation: 10/26/1992
Holding Type Oral History - Interview
Identifiers OH 5
Accession Number AV1994.172.2
More Info MHS Library Catalog
Related Collections Oral History - Project, MHS Collection, compact disc: 'Federal Reserve Bank of Minneapolis Oral History Project'

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