Henry Parker Willis

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Henry Parker Willis
Born(1874-08-14)August 14, 1874
DiedJuly 18, 1937(1937-07-18) (aged 62)
Academic career
InstitutionColumbia University
George Washington University
Washington and Lee University
Alma materUniversity of Chicago
James Laurence Laughlin
Charles P. Kindleberger

Henry Parker Willis (August 14, 1874 – July 18, 1937)[1] was an American financial expert.


He was born at Weymouth, Massachusetts, the son of the Universalist minister and suffragist Olympia Brown. He graduated from the University of Chicago with a Ph.D. in 1897 and was a member of Alpha Kappa Psi professional business fraternity.

Willis taught economics and political science at Washington and Lee University. He was professor of economics at George Washington University and lectured at Columbia University, becoming a professor of economics there in 1919.[2]

He served as an expert to the Ways and Means and Banking and Currency committees of the United States House of Representatives, and in other positions. Willis was the first Secretary of the Federal Reserve Board, serving between 1914 and 1918.[3]

Willis was also the first president of the Philippine National Bank.[4] In 1926, he was appointed the chairman of the Commission of Inquiry into Banking and the Issue of Notes, a committee established by the government of the Irish Free State to determine what changes were necessary in relation to banking and banknote issue, which recommended the creation of a new currency for the state.[5]


  • A History of the Latin Monetary Union: A Study in International Monetary Action. Chicago: University of Chicago Press. 1901. p. 1. Retrieved 12 June 2018 – via Internet Archive.
  • Reciprocity (1903), with J. L. Laughlin
  • Our Philippine Problem (1905)
  • Principles and Problems of Modern Banking (1910)
  • Life of Stephen A. Douglas (1911)
  • The Federal Reserve System. Chicago: Blackstone Institute. 1920. Retrieved 18 April 2018 – via Internet Archive.
  • American Banking (1916)


  1. ^ "Subjects of Biographies". Dictionary of American Biography. Vol. Comprehensive Index. New York: Charles Scribner's Sons. 1990.
  2. ^ "The double life of H. Parker Willis". The Journal of Commerce. Archived from the original on 12 September 2007. Retrieved 24 January 2008.
  3. ^ David Hammes. "Locating Federal Reserve Districts and Headquarters Cities". Federal Reserve Bank of Minneapolis. Archived from the original on 19 December 2007.
  4. ^ "Dollar Doctors". Time. 13 May 1929. Archived from the original on 22 October 2012. Retrieved 15 January 2008.
  5. ^ "Seanad Éireann - Volume 155 - 14 May 1998 Banking System: Statements". Archived from the original on 7 June 2011. Retrieved 24 January 2008.

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