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Roy A. Young

Politician from United States of America

Roy Archibald Young (May 17, 1882 – December 31, 1960) was a U.S. banker. Most significantly, he was chairman of the Federal Reserve Board between 1927 and 1930 during the presidencies of Calvin Coolidge and Herbert Hoover. During his tenure as chairman of the Federal Reserve Board, the 1929 Stock Market Crash occurred and the United States went into an economic depression. He also was president of the Federal Reserve Banks in Minneapolis (1919-1927) and Boston (1930-1942). Young was a messenger for a bank at the age of eight. He then worked as assistant cashier and joined the Citizens National Bank as vice president in 1913. From 1919 to 1927 he was president of the Federal Reserve Bank of Minneapolis before becoming chairman of the of the Federal Reserve Board. From 1930 to 1942 he served as president of the Federal Reserve Bank of Boston. After his resignation, he changed to become chairman of the Merchants National Bank and later chairman of American Woolen Company. During his term in office as chairman of the Federal Reserve Board there was confrontation between the Federal Reserve Board and the Federal Reserve Bank of New York under George L. Harrison of how to curb  ( Wikipedia article )

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Personal facts

Known as
Roy Young
Date of birth
1882-05-17
Place of birth
Marquette
Nationality
United States of America

Death

Date of death
1960-12-31
Place of death
Chestnut Hill

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