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 7:18 PM
Updated: Aug 31, 2018 7:18 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.

Mississippi Coronavirus Cases

Data is updated nightly.

Cases: 265146

Reported Deaths: 5777
CountyCasesDeaths
DeSoto17741191
Hinds16891332
Harrison14279204
Rankin11239220
Jackson10917190
Lee9071145
Madison8599169
Jones6731118
Forrest6208124
Lauderdale6121192
Lowndes5544120
Lafayette520598
Lamar505865
Washington4933125
Bolivar4126109
Oktibbeha408382
Panola386981
Pontotoc377460
Monroe3686110
Warren3685103
Marshall357170
Union356864
Pearl River3495106
Neshoba3490154
Leflore3118109
Lincoln306788
Hancock294262
Sunflower291975
Tate280662
Alcorn273154
Pike270181
Itawamba269363
Scott260048
Yazoo256756
Prentiss253754
Coahoma249755
Copiah249749
Tippah249750
Simpson242872
Leake238167
Marion224273
Grenada223972
Covington221073
Adams215171
Wayne213734
Winston207671
George204739
Newton199946
Attala197064
Tishomingo194961
Chickasaw189344
Jasper181138
Holmes172068
Clay166837
Tallahatchie157235
Stone152525
Clarke148162
Calhoun141322
Smith130026
Yalobusha123335
Walthall114537
Greene113729
Noxubee113026
Montgomery112036
Carroll106822
Lawrence106817
Perry105131
Amite102126
Webster96824
Tunica89021
Claiborne88825
Jefferson Davis88430
Benton85823
Humphreys84724
Kemper80920
Quitman7139
Franklin70617
Choctaw63713
Wilkinson59825
Jefferson56821
Sharkey45217
Issaquena1606
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Alabama Coronavirus Cases

Cases: 441170

Reported Deaths: 6660
CountyCasesDeaths
Jefferson646811007
Mobile31620572
Madison28310217
Tuscaloosa21525275
Montgomery19954332
Shelby19335132
Baldwin17256189
Lee13205107
Morgan12639142
Etowah12107181
Calhoun11521206
Marshall10471123
Houston9009164
Limestone834981
Cullman8274124
Elmore8214110
DeKalb7894107
Lauderdale7871107
St. Clair7854130
Talladega6481112
Walker6036183
Jackson601545
Colbert549994
Blount547386
Autauga537662
Coffee462464
Dale410785
Franklin374950
Russell357515
Chilton345473
Covington339680
Escambia335444
Tallapoosa3149109
Dallas313296
Chambers304270
Clarke300236
Pike262531
Lawrence254155
Marion253761
Winston233642
Bibb222348
Geneva211547
Marengo209331
Pickens199631
Hale185244
Barbour182738
Fayette178629
Butler174460
Cherokee165731
Henry159925
Monroe152421
Randolph146436
Washington142327
Clay130546
Crenshaw124045
Macon122337
Cleburne121825
Lamar120222
Lowndes115536
Wilcox107922
Bullock103528
Perry100018
Conecuh97922
Sumter90527
Greene77923
Coosa63618
Choctaw51924
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