Albert H. Wiggin

Albert Henry Wiggin
Wiggin circa 1913
Born(1868-02-21)February 21, 1868
Medfield, Massachusetts
DiedMay 21, 1951(1951-05-21) (aged 83)
Greenwich, Connecticut
Wiggin and J.P. Morgan, Jr. in 1917 in Manhattan at a war bond parade

Albert Henry Wiggin (February 21, 1868 – May 21, 1951) was an American banker. General Electric's Owen D. Young once described him as "the most colorful and attractive figure in the commercial banking world" of his time.[1] Wiggin was the Director of privately owned Federal Reserve Bank of New York 1932–33.[2] Wiggin was also the only member of the Federal Reserve Bank to have a law written precisely against his actions, the “Wiggin Provision”, when Albert was forced to “resign in disgrace after it was revealed that he had been short-selling his own bank’s stock”[3]

  1. ^ Cite error: The named reference BJK was invoked but never defined (see the help page).
  2. ^ "Director of Federal Reserve Bank of New York" (PDF). fraser.stlouisfed.org. Retrieved Jan 18, 2023.
  3. ^ "When Washington Took On Wall Street". www.vanityfair.com. May 17, 2010. Retrieved Jan 18, 2023.