MacLaury, Bruce K. - from United States

ID: 273735
Organization: TTC
Country of meeting: in the year 1978

Became the eighth chief executive of the Federal Reserve Bank of Minneapolis on July 1, 1971, following the death of his predecessor, Hugh Galusha.

MacLaury was not new to the Federal Reserve System. His introduction came at the Boston Fed, where he was a research assistant in the summer of 1957. Following his Ph.D. studies at Harvard University, MacLaury took a position as an economist in the foreign research division at the New York Fed in 1959, rising to the title of vice president, foreign.

During his tenure at New York, he was granted leaves of absence for a special assignment with the office of the Under Secretary of the Treasury for Monetary Affairs and another to serve as an economic officer at the Organisation for Economic Co-operation and Development in Paris.

After 10 years with the New York Fed, MacLaury joined the U.S. Treasury Department as Deputy Under Secretary for Monetary Affairs from 1969 until he came to the Minneapolis Fed. At Treasury, he assisted Paul Volcker on debt management and international issues. Upon his departure from Treasury, MacLaury was given the department’s exceptional service award, he was cited for his efforts in the development of the Securities Investor Protection Act.

Activities in the Orangization:
North American Member, Executive Committee