Benjamin Strong Jr.
|Benjamin Strong, Jr.
|Federal Reserve Bank of New York
Benjamin Strong, Jr., was elected Governor of the Federal Reserve Bank of New York at the bank’s first board meeting on Oct. 5, 1914. He was 42 at the time.
Throughout the 1920s, Strong promoted more effective cooperation among the world’s central banks and traveled substantially to achieve this objective.
Strong began his financial career in 1891 with Cuyler, Morgan and Co., an investment and financial management firm. He later became assistant secretary of Atlantic Trust Co., and following several mergers was named secretary of Bankers Trust Co. in 1904. He became vice president of the company in 1909, and president in 1914.