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Paul Volcker Fast Facts

Here's a look at the life of Paul Volcker, former chairman of the Federal Reserve.Personal...

Posted: Aug 31, 2018 8:18 PM
Updated: Aug 31, 2018 8:18 PM

Here's a look at the life of Paul Volcker, former chairman of the Federal Reserve.

Personal:
Birth date: September 5, 1927

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Birth place: Cape May, New Jersey

Birth name: Paul Adolph Volcker

Father: Paul Volcker Sr., town manager

Mother: Alma (Klippel) Volcker

Marriages: Anke Dening (February 11, 2010-present); Barbara (Bahnson) Volcker (September 11, 1954-June 14, 1998, her death)

Children: with Barbara Volcker: Janice Louise, August 20, 1955; James Paul, May 1958

Education: Princeton University, B.A., 1949; Harvard University Graduate School of Public Administration, M.A., Political Economy and Government, 1951; Attended the London School of Economics, 1951-1952

Other Facts:
Graduated summa cum laude from Princeton University.

Was the first Henry Kaufman Visiting Professor at the Stern School of Business at New York University.

Professor Emeritus of International Economic Policy at Princeton University.

Chairman Emeritus of the Group of 30 Consultative Group on International Economics and Monetary Affairs, Inc.

Timeline:
1949 and 1950 - Summer research assistant at the New York Federal Reserve.

1951-1952 - Rotary Foundation Fellow at the London School of Economics; chooses not to complete doctoral program.

1952 - Works as an economist in the research department of the New York Federal Reserve.

1953-1957 - New York Institute of Finance faculty member.

1955 - Becomes a special assistant in the New York Federal Reserve securities department.

1957 - Resigns from the New York Federal Reserve to become a financial economist at Chase Manhattan Bank.

1962 - Joins the Treasury Department as director of the Office of Financial Analysis.

November 17, 1963 - Is appointed deputy undersecretary for monetary affairs.

1965 - Rejoins Chase Manhattan bank as vice president and director of forward planning.

1969-1974 - Serves as undersecretary of the Treasury for Monetary Affairs.

1974-1975 - Senior fellow at the Woodrow Wilson School of Public and International Affairs at Princeton University.

1975-1979 - President of the New York Federal Reserve.

August 6, 1979-August 11, 1987 - Chairman of the Board of Governors of the Federal Reserve System.

September 1987-June 1990 - Chairs the National Commission on the Public Service. The commission's purpose is to study ways to attract more able-bodied citizens to public service and away from the private sector.

1987-1996 - Serves as chairman for the law firm Wolfensohn & Company.

August 15, 1996 - Is appointed chair of the Independent Committee of Eminent Persons. The committee is charged with investigating the fate of Jewish assets held between 1933 and 1945 in now dormant accounts held in Swiss banks.

February 2002-November 2003 - Chairs the second National Commission on the Public Service. This commission is tasked with the streamlining and reorganization of federal pay and performance guidelines.

April 2004 - Is appointed by UN Secretary General Kofi Annan to chair the Independent Inquiry Committee tasked with investigating the Oil-for-Food Program in Iraq.

2009-2011 - Serves as chairman for the Obama administration's Economic Recovery Advisory Board, established to provide ways to improve the US economy.

January 21, 2010 - President Barack Obama proposes the Volcker rule, which bars banks from making trades for their own accounts. It also prohibits them from owning or investing in hedge funds and private equity funds. The rule is meant to refocus banks on their original mission of serving their customers.

2013 - Launches the Volcker Alliance, a nonprofit foundation focused on improving how government implements policy at the federal, state and local levels.

April 1, 2014 - The Volcker Rule goes into effect, with full bank compliance extended until July 21, 2015.

September 30, 2015 - Princeton University says Volcker has donated his public service papers to the university. The documents are mainly from his time as Fed chairman.

Indiana Coronavirus Cases

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Cases: 941120

Reported Deaths: 15315
CountyCasesDeaths
Marion1282511983
Lake633041097
Allen53609758
Hamilton43827447
St. Joseph41906590
Elkhart33545490
Vanderburgh30383448
Tippecanoe26820249
Johnson23609417
Hendricks22250341
Porter21737346
Clark17409229
Madison17366384
Vigo16108281
Monroe14466191
LaPorte14311239
Delaware14070221
Howard13865272
Kosciusko11418135
Hancock10841165
Warrick10674177
Bartholomew10542168
Floyd10430205
Wayne9959226
Grant9130204
Morgan8865160
Boone8389111
Dubois7710123
Dearborn762289
Henry7608130
Noble7413101
Marshall7362128
Cass7176117
Lawrence6957153
Shelby6584111
Jackson656785
Gibson6156107
Harrison603786
Huntington600195
Montgomery5805105
DeKalb574291
Knox5494104
Miami542488
Putnam536768
Clinton533665
Whitley524953
Steuben497268
Wabash483592
Jasper479160
Jefferson470092
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Adams444068
Daviess4169108
Scott405865
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Greene388392
Decatur385296
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Posey359941
Jennings353156
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Starke280064
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Blackford168334
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Benton142516
Brown135346
Martin128217
Switzerland125810
Warren114616
Union96911
Ohio79711
Unassigned0479

Ohio Coronavirus Cases

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Cases: 1365800

Reported Deaths: 21596
CountyCasesDeaths
Franklin1522221560
Cuyahoga1344852327
Hamilton976051320
Montgomery670271141
Summit562091047
Lucas50900863
Butler47417655
Stark41580976
Lorain31567532
Warren30001331
Mahoning26963639
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Lake24585417
Delaware22313145
Licking20487241
Fairfield20420221
Greene20309272
Trumbull19866509
Medina19796287
Clark17879328
Richland16314234
Portage16130229
Wood15681208
Allen14115256
Miami13786253
Muskingum12641152
Wayne11946238
Columbiana11708241
Tuscarawas10953269
Marion10725148
Pickaway10465129
Scioto10324127
Erie9747171
Ross9436176
Lawrence8755125
Hancock8458141
Ashtabula8317185
Geauga8173156
Belmont8140187
Jefferson7527172
Huron7423128
Union731851
Washington7183120
Athens697165
Sandusky6848134
Darke6756136
Knox6671122
Seneca6358137
Ashland5948113
Auglaize587188
Shelby5727101
Brown564171
Mercer557890
Defiance5483101
Madison543371
Crawford5425114
Highland541581
Fulton530683
Clinton525580
Logan512182
Preble4994110
Putnam4833106
Guernsey470364
Williams459282
Perry449852
Champaign445964
Ottawa436884
Jackson425362
Pike388843
Morrow383851
Fayette375853
Coshocton374766
Adams360675
Hardin359069
Gallia347356
Holmes3259108
Henry324668
Van Wert314670
Hocking301769
Wyandot280658
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Paulding242243
Meigs213942
Monroe189749
Noble169340
Morgan165829
Harrison157940
Vinton138118
Unassigned05
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