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December 1999

Remembering When ...

The Federal Reserve Board originally included the Secretary of the Treasury and the Comptroller of the Currency. This 1914 photo of the first Board includes (clockwise from left) H. Parker Willis, Secretary to the Board; W.P.G. Harding; Paul M. Warburg; W.G. McAdoo, Secretary of the Treasury and Chairman; Charles S. Hamlin, Governor; John Skelton Williams, Comptroller of the Currency; Adolph C. Miller; and Frederic A. Delano,Vice Governor.

The Banking Act of 1935 changed the name of the Board officially to Board of Governors of the Federal Reserve System and altered the terms of office and membership. After Feb. 1, 1936, the Secretary of the Treasury and Comptroller of the Currency no longer served on the Board.

Go to the Board of Governors for a historical list of members from 1913 to present.

And for more information on the current Board of Governors go to federalreserve.gov/bios. In addition, past issues of The Region magazine contain interviews and other articles about current and past Fed governors.

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