Preston Delano
Preston Delano | |
|---|---|
 | |
| 19th Comptroller of the Currency | |
| In office October 24, 1938 – February 15, 1953 | |
| President | Franklin D. Roosevelt Harry S. Truman Dwight D. Eisenhower |
| Preceded by | J. F. T. O'Connor |
| Succeeded by | Ray M. Gidney |
| Acting Chair of the Federal Deposit Insurance Corporation | |
| In office October 15, 1945 - January 5, 1946 | |
| President | Harry S. Truman |
| Preceded by | Leo Crowley |
| Succeeded by | |
| Personal details | |
| Born | April 2, 1886 Phoenix, Michigan |
| Died | August 31, 1961 (aged 75) Washington, D.C. |
| Nationality | American |
| Occupation | banker, businessman, investment counselor |
Preston Delano (April 2, 1886 – August 31, 1961) was a United States Comptroller of the Currency from October, 1938 to 1953.[1] He inherited this Office from an Acting Comptroller of the Currency from April 1938 to September 1938 named Marshall R. Diggs.
Preston Delano held office for 14 years, the longest term of any Comptroller. Delano was a businessman, investment counselor, and served as governor of the Home Loan Bank Board when appointed Comptroller by President Franklin D. Roosevelt.
He was responsible for preserving and stabilizing the national banks during the Second World War, which vastly increased the volume of money needed for war expenditures, subsequently causing government debt to rise substantially. Delano entered retirement after his resignation.
Delano was a "distant cousin" of President Roosevelt,[2] and part of the extended Delano family.
References[]
- ^ "The National Cyclopaedia of American Biography: Being the History of the United States as Illustrated in the Lives of the Founders, Builders, and Defenders of the Republic, and of the Men and Women who are Doing the Work and Moulding the Thought of the Present Time". 1967.
- ^ "Ruth Delano Obituary". New York Times (42). Feb 22, 1973.
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External links[]
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- 1886 births
- 1961 deaths
- United States Comptrollers of the Currency
- Comptrollers in the United States
- Delano family
- Chairs of the Federal Deposit Insurance Corporation
- Franklin D. Roosevelt administration personnel
- Truman administration personnel
- Eisenhower administration personnel
- American business biography, 19th-century birth stubs