Anthony M. Solomon Explained

Anthony Solomon
Office:	President of the Federal Reserve Bank of New York
Term Start:	January 21, 1980
Term End:	December 31, 1984
Predecessor:	Paul Volcker
Successor:	E. Gerald Corrigan
Birth Name:	Anthony Morton Solomon
Birth Date:	27 December 1919
Birth Place:	Arlington, New Jersey, U.S.
Death Place:	New York City, New York, U.S.
Spouse:	Constance Kaufman
Education:	University of Chicago (BA) Harvard University (MA, PhD)
Office1:	8th Assistant Secretary of State for Economic Affairs
Termstart1:	1965
Termend1:	1969
Preceded1:	Gove Griffith Johnson Jr.
Succeeded1:	Philip H. Trezise

Anthony Morton Solomon (December 27, 1919 – January 15, 2008) was Undersecretary of the Treasury for Monetary Affairs during the Carter administration, and President of the Federal Reserve Bank of New York between 1980 and 1984.

Early life and education

Born in Arlington, New Jersey, Solomon was educated at the University of Chicago, receiving a B.A. in economics in 1941. He later received his masters and doctorate degrees from Harvard University in, respectively, 1948 and 1950.

Career

Solomon‘s affiliation with government service began with an appointment by President Franklin Roosevelt to be a consultant on economic affairs in Iran. When he was drafted into the Army, a letter from the President's office excused him. Under John F. Kennedy he headed an economic group scouting the Trust Territory of Micronesia in the early 1960s.^[1]

Solomon served as Assistant Secretary of State for Economic Affairs in the Johnson administration between 1965 and 1969, and again as Undersecretary of the Treasury for Monetary Affairs from 1977 to 1980. During the Carter administration he helped organize the freezing of Iranian assets following Ayatollah Ruhollah Khomeini's overthrow of Shah Mohammad Reza Pahlavi.^[2]

He was appointed President of the Federal Reserve Bank of New York on January 21, 1980.^[3]

Personal life

Solomon was a major donor to the Peterson Institute in 2006.^[4] He died of kidney failure on January 18, 2008.^[2]

External links

• Anthony M. Solomon at the Federal Reserve Bank of New York website
• Web site: Anthony M. Solomon. JSTOR.
• Book: George De Menil. Anthony M. Solomon. Economic summitry. 1983. Council on Foreign Relations. 9780876090046 .
• Book: Anthony M. Solomon. The dollar, debt, and the trade deficit. 1987. New York University Press. 978-0-8147-7863-0.

Notes and References

1. Schudel, M. (27 January 2008.) Anthony M. Solomon, 88; Adviser to 3 presidents on world economics. Washington Post.
2. News: Dennis. Hevesi. Anthony Solomon, Finance Policy Maker, Is Dead at 88 . Anthony M. Solomon, a former president of the Federal Reserve Bank of New York and an influential behind-the-scenes financial policy maker in three presidential administrations and at the World Bank, died Friday at his home in Manhattan. He was 88. The cause was kidney failure, his son, Adam, said. . . January 19, 2008 . 2009-08-20 .
3. News: Robert A. . Bennett . Federal Reserve Names Solomon New York Chief . . 1980-01-22 .
4. Web site: Institute for International Economics renamed in honour of founding chairman Peter G. Peterson. 2006-10-24. The Peterson Institute.