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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CountyCasesDeaths
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Allen41662691
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Grant7232179
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Boone6939103
Morgan6746141
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Union72810
Ohio57811
Unassigned0420

Ohio Coronavirus Cases

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Cases: 1108146

Reported Deaths: 20122
CountyCasesDeaths
Franklin1286421460
Cuyahoga1157382208
Hamilton813551248
Montgomery525311041
Summit48395999
Lucas43343818
Butler38951604
Stark33318929
Lorain25658504
Warren24580303
Mahoning22355603
Lake21166387
Clermont20111253
Delaware18841135
Licking16660222
Fairfield16570204
Trumbull16537482
Medina15603271
Greene15272247
Clark14233306
Wood13287198
Portage13242214
Allen11910239
Richland11601211
Miami10843224
Wayne9130222
Columbiana9029230
Muskingum8906135
Pickaway8658122
Tuscarawas8643248
Marion8641138
Erie8056164
Ashtabula7147179
Hancock6996132
Ross6943161
Geauga6834150
Scioto6534105
Belmont6155174
Union584549
Lawrence5726102
Jefferson5675158
Huron5544122
Sandusky5439125
Darke5415129
Seneca5347126
Washington5318109
Athens523660
Auglaize501887
Mercer487385
Shelby476595
Knox4570112
Madison444065
Ashland435597
Putnam4336103
Defiance432298
Fulton432072
Crawford4036110
Brown402461
Logan387577
Preble3848104
Clinton379166
Ottawa373581
Highland359665
Williams348078
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Guernsey324853
Jackson318154
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Adams243156
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Gallia240750
Wyandot234556
Hocking220162
Carroll197148
Paulding176542
Meigs148240
Monroe136344
Noble136039
Harrison114138
Morgan109624
Vinton85517
Unassigned03
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