Biography and History

Benjamin Strong was a prominent New York banker who was instrumental in the foundation and success of the Federal Reserve Bank. Born in 1872 in Fishkill-on-Hudson, New York, Strong attended high school in Montclair, New Jersey. He was hired at a private banking firm and later served as Assistant Secretary of the Atlantic Trust Company of New York and Secretary of the Metropolitan Trust Company of New York. In 1904, he became Secretary of the Bankers Trust Company, where he was subsequently elected Vice President, director, and President. In 1914, he left the company to become Governor of the Federal Reserve Bank of New York, which was still in its developmental stages. As head of the Federal Reserve system, he was influential in the country's post-World War I economic recovery and in the creation of lasting fiscal policies. Strong died in 1928 of tuberculosis.

Source: From the finding aid for MC128

  • Fred I. Kent Papers. 1901-1954 (inclusive), 1920-1950 (bulk).

    Call Number: MC077

    Fred I. Kent (1869-1954) was a banker who spent the majority of his career at Bankers Trust Company in New York. He was an expert on foreign exchange, and during World War I and its aftermath was involved with establishing foreign exchange policies, reparations, and war debt. Kent was also active in numerous organizations, including the American Bankers Association and the International Chamber of Commerce. Kent's papers include his correspondence with businessmen and politicians about financial and economic issues, articles and speeches written by Kent, and papers documenting his involvement with several banking and economic organizations.

  • Liberty Loan Committee Records. 1912-1919 (inclusive).

    Call Number: MC089

    The Liberty Loan Committee coordinated campaigns to sell U.S. Treasury bonds to the American public from 1917 to 1919 in order to fund United States involvement in World War I. The Committee was managed by the Federal Reserve. The Liberty Loan Committee Records document the four Liberty Loan and the Victory Loan campaigns and include advertisements, committee memoranda, forms and descriptions of the loans, and subscription information.

  • Benjamin Strong Collection. 1917-1950 (inclusive), 1925-1940 (bulk).

    Call Number: MC128

    Benjamin Strong was a prominent New York banker who was instrumental in the foundation and success of the Federal Reserve Bank. This collection contains records pertaining to the former Benjamin Strong Collection of Foreign Public Finance in Princeton University Library, which was funded by Strong with the objective of acquiring books and original source material chronicling the development of foreign public finance, central banking, and international trade.