William P. G. Harding | |
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2nd Chairman of the Federal Reserve | |
In office August 10, 1916 – August 9, 1922 | |
President | Woodrow Wilson Warren G. Harding |
Deputy | Paul Warburg Albert Strauss Edmund Platt |
Preceded by | Charles Sumner Hamlin |
Succeeded by | Daniel Richard Crissinger |
Member of the Federal Reserve Board | |
In office August 10, 1914 – August 9, 1922 | |
President | Woodrow Wilson Warren G. Harding |
Preceded by | Position established |
Succeeded by | Daniel Richard Crissinger |
3rd President of the Federal Reserve Bank of Boston | |
In office January 16, 1923 – April 7, 1930 | |
Preceded by | Charles Morss |
Succeeded by | Roy A. Young |
Personal details | |
Born | William Proctor Gould Harding May 5, 1864 Boligee, Alabama, U.S. |
Died | April 7, 1930 Boston, Massachusetts, U.S. | (aged 65)
Political party | Democratic |
Education | University of Alabama, Tuscaloosa (BA) |
William Proctor Gould Harding (May 5, 1864 – April 7, 1930) was an American banker who served as the second chairman of the Federal Reserve from 1916 to 1922. Prior to his term as chairman, Harding served as one of the original members of the Federal Reserve Board, taking office in 1914. During his tenure as chairman, he concurrently served as the managing director of the War Finance Corporation from 1918 to 1919. Harding was responsible for a severe wave of inflation during the First World War. After leaving the Fed, Harding traveled to Cuba and advised the Cuban government on the reorganization of its financial and accounting system.
He returned to United States a year later and was elected governor of the Federal Reserve Bank of Boston from 1923 until his death in 1930.