Anthony M. Solomon

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Anthony Morton Solomon
6th President of the Federal Reserve Bank of New York
In office
January 21, 1980 – December 31, 1984
Preceded by Paul Volcker
Succeeded by E. Gerald Corrigan
Personal details
Born (1919-12-27)December 27, 1919
Arlington, New Jersey
Died January 18, 2008(2008-01-18) (aged 88)
Manhattan
Nationality United States
Spouse(s) Constance Kaufman
Alma mater Harvard University
University of Chicago

Anthony Morton Solomon (December 27, 1919 – January 15, 2008) was Undersecretary of the Treasury for Monetary Affairs during the Carter administration, and President of the Federal Reserve Bank of New York between 1980 and 1984. His affiliation with government service began with an appointment by President Franklin Roosevelt to be a consultant on economic affairs in Iran. When he was drafted into the Army, a letter from the President's office excused him. He left Iran to pursue his PhD in Economics at Harvard. Under John F. Kennedy he headed an economic group scouting the Trust Territory of Micronesia in the early 1960s.[1]

Biography[edit]

Born in Arlington, New Jersey, Solomon was educated at the University of Chicago, receiving an B.A. in economics in 1941. He later received his masters and doctorate degrees from Harvard University in, respectively, 1948 and 1950.

He served as Assistant Secretary of State for Economic Affairs in the Johnson administration between 1965 and 1969, and again as Undersecretary of the Treasury for Monetary Affairs from 1977 to 1980. During the Carter administration he helped organize the freezing of Iranian assets following Ayatollah Ruhollah Khomeini's overthrow of Shah Mohammad Reza Pahlavi.[2]

He was appointed President of the Federal Reserve Bank of New York on January 21, 1980.[3]

Solomon was a major donor to the Peterson Institute in 2006.[4] He died of kidney failure on January 18, 2008.[2]

References[edit]

  1. ^ Schudel, M. (27 January 2008.) Anthony M. Solomon, 88; Adviser to 3 presidents on world economics. Washington Post.
  2. ^ a b Hevesi, Dennis (January 19, 2008). "Anthony Solomon, Finance Policy Maker, Is Dead at 88". The New York Times. Retrieved 2009-08-20. Anthony M. Solomon, a former president of the Federal Reserve Bank of New York and an influential behind-the-scenes financial policy maker in three presidential administrations and at the World Bank, died Friday at his home in Manhattan. He was 88. The cause was kidney failure, his son, Adam, said. 
  3. ^ Bennett, Robert A. (1980-01-22). "Federal Reserve Names Solomon New York Chief". The New York Times. 
  4. ^ "Institute for International Economics renamed in honour of founding chairman Peter G. Peterson" (PDF). The Peterson Institute. 2006-10-24. 

External links[edit]

Political offices
Preceded by
Paul Volcker
President of the Federal Reserve Bank of New York
1980–1984
Succeeded by
E. Gerald Corrigan