John P. LaWare
John LaWare | |
|---|---|
 | |
| Member of the Federal Reserve Board of Governors | |
| In office August 15, 1988 – April 30, 1995 | |
| President | Ronald Reagan George H. W. Bush Bill Clinton |
| Preceded by | Henry Wallich |
| Succeeded by | Laurence Meyer |
| Personal details | |
| Born | February 20, 1928 Columbus, Wisconsin, U.S. |
| Died | December 13, 2004 (aged 76) Brunswick, Georgia, U.S. |
| Political party | Democratic |
| Education | Harvard University (BA) University of Pennsylvania (MA) |
John P. LaWare (February 20, 1928 – December 13, 2004) was a banker and a former Governor of the Federal Reserve Board.
Early life and education[]
LaWare was a native of Columbus, Wisconsin. He was born on February 20, 1928. After receiving a B.A. in biology from Harvard College in 1950, he earned a M.A. in political science from the University of Pennsylvania in 1951. After that, he served in the U.S. Air Force during the Korean War.[1]
Banking career[]
In 1953 LaWare joined Chemical Bank, where he served during the ensuing 25 years, rising to Senior Vice President of Marketing. In 1978 he joined Shamut Bank in Boston, MA as President. Two years later, he became Chairman and CEO of both Shawmut Bank in Boston, MA and its holding company, Shawmut Corporation. During his time at Shawmut, he served as Chairman of the Massachusetts Business Roundtable, Chairman of the Massachusetts Bankers Association and Children's Hospital in Boston. He also served as a Director of the Federal Reserve Bank of Boston.[2]
Federal Reserve[]
President Reagan nominated LaWare to the Federal Reserve Board in 1988. In spite of the fact that LaWare was a Democrat, Senator Proxmire (D-WI) initially opposed his nomination, but eventually he was confirmed by the Senate. He served on the Federal Reserve Board until 1995.[3]
Honors[]
LaWare received honorary doctors degrees from Suffolk University and Northeastern University. He was also honored as Distinguished Citizen by the Boy Scouts of America, the Minuteman Council, and the College of Business of Northeastern University. He died in 2004.[4]
References[]
- ^ Biographical Dictionary of the Board of Governors of the Federal Reserve, Edited by Bernard S. Katz, Greenwood Press, Westport, CT, 1992 p. 158
- ^ http://www.federalreservehistory.org/People/Detailview/64 , Accessed May 4, 2014
- ^ Biographical Dictionary of the Board of Governors of the Federal Reserve, edited by Bernard S. Katz, Greenwood Press, Westport, CT, 1992, p. 159
- ^ http://www.federalreservehistory.org/People/Detailview/64
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- 1928 births
- 2004 deaths
- 20th-century American businesspeople
- Federal Reserve System governors
- Harvard University alumni
- Law and economics scholars
- University of Pennsylvania alumni
- Reagan administration personnel
- George H. W. Bush administration personnel
- Clinton administration personnel
- American business biography, 1920s birth stubs