Charles Sumner Hamlin | |
|---|---|
| 1stChairman of the Federal Reserve | |
| In office August 10, 1914 – August 9, 1916 | |
| President | Woodrow Wilson |
| Deputy | Frederic Adrian Delano |
| Preceded by | Position established |
| Succeeded by | William P. G. Harding |
| Member of theFederal Reserve Board | |
| In office August 10, 1914 – February 3, 1936 | |
| President | Woodrow Wilson Warren G. Harding Calvin Coolidge Herbert Hoover Franklin D. Roosevelt |
| Preceded by | Position established |
| Succeeded by | Ralph Morrison |
| Personal details | |
| Born | (1861-08-30)August 30, 1861 Boston,Massachusetts, U.S. |
| Died | April 24, 1938(1938-04-24) (aged 76) Washington, D.C., U.S. |
| Political party | Democratic |
| Spouse | |
| Education | Harvard University (BA,MA) |
| Signature | |
Charles Sumner Hamlin (August 30, 1861 – April 24, 1938) was an American lawyer and politician who served as the firstchairman of the Federal Reserve from 1914 to 1916. He previously served as theUnited States assistant secretary of the treasury from 1893 to 1897, and again from 1913 until 1914 when PresidentWoodrow Wilson nominated him as one of the original members of theFederal Reserve Board. After his term as chairman, Hamlin continued to serve on the Board through 1936.[1]
Charles Sumner Hamlin was born inBoston, Massachusetts, on August 30, 1861, to Anna and Edward Hamlin. His mother was born inEngland toIrish parents, while his father, a coal dealer, was from Massachusetts.[2] He graduated fromHarvard University with aBachelor of Arts degree in 1883 and received hisMaster of Arts from Harvard in 1886. Sumnerstudied law while completing his master's degree and attained admission to the bar in 1886,practicing law in Boston.
From 1893 to 1897 and again from 1913 to 1914, Hamlin was theAssistant Secretary of the Treasury. He twice ran unsuccessfully forGovernor of Massachusetts, in1902 and1910. On August 10, 1914, he was appointed the first Chairman of the Federal Reserve and served in that capacity until August 9, 1916. Hamlin remained as Fed's board member until 1936. He lectured atHarvard University on government studies from 1902 to 1903.
In 1912, Hamlin was vice president of theWoodrow Wilson College Men's League and president of the Woodrow Wilson League of Massachusetts. He also published pamphlets on statistical and financial subjects, including anIndex Digest of Interstate Commerce Laws (1907) and theIndex Digest of the Federal Reserve Bulletin (1921).
Hamlin died in Washington, D.C., on April 24, 1938.[1][3][4] He was buried atForest Hills Cemetery inJamaica Plain,Massachusetts.
In 1898, Sumner married Huybertje Lansing Pruyn (April 8, 1878 – March 6, 1964), the daughter ofJohn V. L. Pruyn and granddaughter ofAmasa J. Parker.
Hamlin's papers are archived at theLibrary of Congress.[5]
| Government offices | ||
|---|---|---|
| New office | Member of theFederal Reserve Board of Governors 1914–1936 | Succeeded by Ralph Morrison |
| Chairman of the Federal Reserve 1914–1916 | Succeeded by | |