William Treiber, Retired Federal Reserve Bank Official -- Rest in Peace

[ Show ]

Support VoyForums

[ Shrink ]

VoyForums Announcement: Programming and providing support for this service has been a labor of love since 1997. We are one of the few services online who values our users' privacy, and have never sold your information. We have even fought hard to defend your privacy in legal cases; however, we've done it with almost no financial support -- paying out of pocket to continue providing the service. Due to the issues imposed on us by advertisers, we also stopped hosting most ads on the forums many years ago. We hope you appreciate our efforts.

Show your support by donating any amount. (Note: We are still technically a for-profit company, so your contribution is not tax-deductible.) PayPal Acct: Feedback:

Donate to VoyForums (PayPal):

[ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, 2, 3, 4, 5, 6, 7, 8, 9, [10] ]

Subject: William Treiber, Retired Federal Reserve Bank Official

Author:
October 22

[ Next Thread | Previous Thread | Next Message | Previous Message ]

Date Posted: October 30, 2002 7:39:07 EDT

William F. Treiber, a longtime senior official of the Federal Reserve Bank of New York, died on Oct. 22 at his home in Bloomfield, Conn., according to a spokeswoman for the bank. He was 94.

Mr. Treiber joined the bank in 1934 and was its No. 2 official, or first vice president, from 1952 until his retirement in 1973. In the position, Mr. Treiber was an alternate member of the Federal Open Market Committee, the policy-making body of the Federal Reserve.

In June 1970, Mr. Treiber helped prevent the financial disruption caused by the collapse of the Penn Central Railroad from spreading into a broader crisis. Over the weekend that the railroad failed, Mr. Treiber sat at his kitchen table in Connecticut and called top executives at the major New York banks. The Federal Reserve, he told them, was prepared to release additional money to stave off a financial panic.

After retiring, Mr. Treiber advised the central banks of Armenia, Lithuania and Oman.

He is survived by his wife, Betty; a daughter, Elizabeth Ahrens, of Winchester Center, Conn.; a son, Andy, of Barton, Vt.; and three grandchildren.

[ Next Thread | Previous Thread | Next Message | Previous Message ]