Andrew Felton Brimmer (September 13, 1926 – October 7, 2012)[1] was an American economist and business leader who served as a member of the Federal Reserve Board of Governors from 1966 to 1974. A member of the Democratic Party, Brimmer was the first African American to sit on the Board.[1]
Brimmer was born in Newellton in Tensas Parish, Louisiana, to a family of sharecroppers.[2] He attended racially segregated schools and graduated from the former Tensas Rosenwald High School in St. Joseph, the seat of government of Tensas Parish. He was a classmate of Emmitt Douglas, later the long-term president of the Louisiana NAACP. Tensas Rosenwald closed in 1970, when the parish public schools were desegregated. The formerly all-white Newellton High School then function as a desegregated institution from 1970 until its closing because of low enrollment in 2006.
While he was still at Harvard, Brimmer worked at the Federal Reserve Bank of New York as an economist, and established the central bank of the Sudan. After graduation, Brimmer became assistant secretary of economic affairs in the U.S. Department of Commerce. In 1966, under appointment from U.S. PresidentLyndon B. Johnson, Brimmer began an eight-year term on the board of governors of the Federal Reserve, becoming the first African American in that position. In 1974, Brimmer left the Federal Reserve and taught at Harvard University for two years. Thereafter, he formed his own consulting company, Brimmer & Company. He was a trustee of the Economists for Peace and Security.
Brimmer served on the Tuskegee University board of directors from 1965–2010, and as the board's chairman for the last 28 years on the board, making him the longest serving chairman in the school's history.[3]
Awards and honorsedit
Named government man of the year by the National Business League, 1963
Black Enterprise A.G. Gaston Lifetime Achievement Award, 2007
In 2020, the American Economic Association announced the establishment of the "Andrew Brimmer Undergraduate Essay Prize," to be presented to an undergraduate student at a U.S. based institution of higher learning majoring in economics, political science, public policy, or related fields for the best essay on the “economic well-being of Black Americans.”[7]
Andrew F. Brimmer (1962). Life insurance companies in the capital market. Bureau of Business and Economic Research, Graduate School of Business Administration, Michigan State University. ISBN9780598494658.
Brimmer Nomination: Hearing Before the Committee on Commerce, United States Senate, Eighty-ninth Congress, First Session, on Nomination of Andrew F. Brimmer, Assistant Secretary of Commerce, February 18, 1965. U.S. Government Printing Office. 1965.
Andrew F. Brimmer; Henry S. Terrell (December 29, 1969). "The Economic Potential of Black Capitalism". Statements and Speeches of Andrew F. Brimmer. Fraser, St. Louis Fed.
Andrew F. Brimmer (1982). Monetary Policy and the International Diffusion of Interest Rates. International Banking Center & Department of Economics, Florida International University.
Referencesedit
^ ab"Andrew Brimmer, First Black on Fed Board, Dies at 86". The New York Times. 2012-10-12. Retrieved 2012-10-12.
^ abcde"First black member of Federal Reserve was nominated by FBI". The Los Angeles Times. October 22, 2012. p. 16. Retrieved February 28, 2018 – via Newspapers.com.
^"Andrew Brimmer Retires as Tuskegee University Board Chairman". October 21, 2010. Retrieved August 19, 2012.
^"Andrew Felton Brimmer". American Academy of Arts & Sciences. Retrieved 2022-07-26.
^"APS Member History". search.amphilsoc.org. Retrieved 2022-07-26.
^"The Andrew Brimmer Undergraduate Essay Prize". American Economic Association. September 17, 2020. from the original on 2020-10-14. Retrieved September 17, 2020.
External linksedit
Statements and Speeches of Andrew Brimmer during his tenure at the Board of Governors of the Federal Reserve System
andrew, brimmer, andrew, felton, brimmer, september, 1926, october, 2012, american, economist, business, leader, served, member, federal, reserve, board, governors, from, 1966, 1974, member, democratic, party, brimmer, first, african, american, board, chair, d. Andrew Felton Brimmer September 13 1926 October 7 2012 1 was an American economist and business leader who served as a member of the Federal Reserve Board of Governors from 1966 to 1974 A member of the Democratic Party Brimmer was the first African American to sit on the Board 1 Andrew BrimmerChair of the District of Columbia Financial Control BoardIn office June 1 1995 September 1 1998Preceded byPosition establishedSucceeded byAlice RivlinMember of the Federal Reserve Board of GovernorsIn office March 9 1966 August 31 1974PresidentLyndon B JohnsonRichard NixonGerald FordPreceded byC Canby BalderstonSucceeded byPhilip ColdwellPersonal detailsBornAndrew Felton Brimmer 1926 09 13 September 13 1926Newellton Louisiana U S DiedOctober 7 2012 2012 10 07 aged 86 Washington D C U S Political partyDemocraticSpouseDoris ScottChildrenEstherEducationUniversity of Washington Seattle BA MA Harvard University PhD Brimmer being sworn in as a member of the Federal Reserve Board by William McChesney Martin in 1966 U S President Lyndon B Johnson and Brimmer s wife and daughter Esther look on Contents 1 Early life and education 2 Career 3 Awards and honors 4 Personal life and death 5 Bibliography 6 References 7 External links 8 Archives and recordsEarly life and education editBrimmer was born in Newellton in Tensas Parish Louisiana to a family of sharecroppers 2 He attended racially segregated schools and graduated from the former Tensas Rosenwald High School in St Joseph the seat of government of Tensas Parish He was a classmate of Emmitt Douglas later the long term president of the Louisiana NAACP Tensas Rosenwald closed in 1970 when the parish public schools were desegregated The formerly all white Newellton High School then function as a desegregated institution from 1970 until its closing because of low enrollment in 2006 Brimmer served in the United States Army from 1945 to 1946 He attended the University of Washington in Seattle Washington where he obtained both his bachelor s and master s degrees In 1951 Brimmer received a Fulbright scholarship to study in India and enrolled in 1952 in Harvard University in Cambridge Massachusetts In 1957 he received his Ph D from the Harvard University 2 Career editWhile he was still at Harvard Brimmer worked at the Federal Reserve Bank of New York as an economist and established the central bank of the Sudan After graduation Brimmer became assistant secretary of economic affairs in the U S Department of Commerce In 1966 under appointment from U S President Lyndon B Johnson Brimmer began an eight year term on the board of governors of the Federal Reserve becoming the first African American in that position In 1974 Brimmer left the Federal Reserve and taught at Harvard University for two years Thereafter he formed his own consulting company Brimmer amp Company He was a trustee of the Economists for Peace and Security Brimmer served on the Tuskegee University board of directors from 1965 2010 and as the board s chairman for the last 28 years on the board making him the longest serving chairman in the school s history 3 Awards and honors editNamed government man of the year by the National Business League 1963 Arthur S Flemming Award 1966 Russwurm Award 1966 Golden Plate Award of the American Academy of Achievement 1967 4 Elected to the American Academy of Arts and Sciences 1970 5 National Urban League Equal Opportunity Award 1974 Horatio Alger Award 1974 Elected to the American Philosophical Society 1976 6 Fulbright 40th Anniversary Distinguished Lecturer Ghana and Nigeria 1986 Samuel Z Westerfield Award the highest award given by the National Economic Association 1990 in recognition of distinguished service outstanding scholarship and achievement of high standards of excellence Black Enterprise A G Gaston Lifetime Achievement Award 2007 In 2020 the American Economic Association announced the establishment of the Andrew Brimmer Undergraduate Essay Prize to be presented to an undergraduate student at a U S based institution of higher learning majoring in economics political science public policy or related fields for the best essay on the economic well being of Black Americans 7 Personal life and death editBrimmer married the former Doris Millicent Scott 2 They had a daughter Esther Dianne Brimmer 2 Brimmer died on October 7 2012 at George Washington University Hospital in Washington D C 2 Bibliography editAndrew F Brimmer 1962 Life insurance companies in the capital market Bureau of Business and Economic Research Graduate School of Business Administration Michigan State University ISBN 9780598494658 Brimmer Nomination Hearing Before the Committee on Commerce United States Senate Eighty ninth Congress First Session on Nomination of Andrew F Brimmer Assistant Secretary of Commerce February 18 1965 U S Government Printing Office 1965 Andrew F Brimmer Henry S Terrell December 29 1969 The Economic Potential of Black Capitalism Statements and Speeches of Andrew F Brimmer Fraser St Louis Fed Andrew F Brimmer 1982 Monetary Policy and the International Diffusion of Interest Rates International Banking Center amp Department of Economics Florida International University References edit a b Andrew Brimmer First Black on Fed Board Dies at 86 The New York Times 2012 10 12 Retrieved 2012 10 12 a b c d e First black member of Federal Reserve was nominated by FBI The Los Angeles Times October 22 2012 p 16 Retrieved February 28 2018 via Newspapers com Andrew Brimmer Retires as Tuskegee University Board Chairman October 21 2010 Retrieved August 19 2012 Golden Plate Awardees of the American Academy of Achievement www achievement org American Academy of Achievement Andrew Felton Brimmer American Academy of Arts amp Sciences Retrieved 2022 07 26 APS Member History search amphilsoc org Retrieved 2022 07 26 The Andrew Brimmer Undergraduate Essay Prize American Economic Association September 17 2020 Archived from the original on 2020 10 14 Retrieved September 17 2020 External links editStatements and Speeches of Andrew Brimmer during his tenure at the Board of Governors of the Federal Reserve System Appearances on C SPAN Andrew Brimmer JSTOR Archives and records editAndrew F Brimmer papers at Baker Library Special Collections Harvard Business School Government offices Preceded byC Canby Balderston Member of the Federal Reserve Board of Governors1966 1974 Succeeded byPhilip Coldwell New office Chair of the District of Columbia Financial Control Board1995 1998 Succeeded byAlice Rivlin Portals nbsp Biography nbsp United States nbsp Education nbsp Business and Economics Retrieved from https en wikipedia org w index php title Andrew Brimmer amp oldid 1201905039, wikipedia, wiki, book, books, library,
