| (1890
- 1977) |
| Inducted: |
1999 |
| Region: |
MidAtlantic |
| Industry: |
Finance
|
|
Marriner Eccles headed First Security Corporation at age 38. He helped pioneer the concept of the multi-state, multi-banking holding company. His company survived the Great Depression. By the time he was 44, Eccles was asked by Franklin D. Roosevelt to come to Washington, to help the country’s banking system. As Chairman of the Federal Reserve Board, Eccles wrote the Banking Act of 1935, which resulted in progressive reforms that held together the U.S. banking system during the country’s worst economic crisis. Today, Eccles is known as “The Father of the modern Federal Reserve.” |
