John P. LaWare

John P. LaWare (February 20, 1928 – December 13, 2004) was a banker and a former Governor of the Federal Reserve Board.

John LaWare
Member of the Federal Reserve Board of Governors
In office
August 15, 1988 – April 30, 1995
PresidentRonald Reagan
George H. W. Bush
Bill Clinton
Preceded byHenry Wallich
Succeeded byLaurence Meyer
Personal details
Born(1928-02-20)February 20, 1928
Columbus, Wisconsin, U.S.
DiedDecember 13, 2004(2004-12-13) (aged 76)
Brunswick, Georgia, U.S.
Political partyDemocratic
EducationHarvard University (BA)
University of Pennsylvania (MA)

Early life and education

LaWare was a native of Columbus, Wisconsin. He was born on February 20, 1928. After receiving a B.A. in biology from Harvard College in 1950, he earned a M.A. in political science from the University of Pennsylvania in 1951. After that, he served in the U.S. Air Force during the Korean War.[1]

Banking career

In 1953 LaWare joined Chemical Bank, where he served during the ensuing 25 years, rising to Senior Vice President of Marketing. In 1978 he joined Shamut Bank in Boston, MA as President. Two years later, he became Chairman and CEO of both Shawmut Bank in Boston, MA and its holding company, Shawmut Corporation. During his time at Shawmut, he served as Chairman of the Massachusetts Business Roundtable, Chairman of the Massachusetts Bankers Association and Children's Hospital in Boston. He also served as a Director of the Federal Reserve Bank of Boston.[2]

Federal Reserve

President Reagan nominated LaWare to the Federal Reserve Board in 1988. In spite of the fact that LaWare was a Democrat, Senator Proxmire (D-WI) initially opposed his nomination, but eventually he was confirmed by the Senate. He served on the Federal Reserve Board until 1995.[3]

Honors

LaWare received honorary doctors degrees from Suffolk University and Northeastern University. He was also honored as Distinguished Citizen by the Boy Scouts of America, the Minuteman Council, and the College of Business of Northeastern University. He died in 2004.[4]

References
  1. Biographical Dictionary of the Board of Governors of the Federal Reserve, Edited by Bernard S. Katz, Greenwood Press, Westport, CT, 1992 p. 158
  2. http://www.federalreservehistory.org/People/Detailview/64 , Accessed May 4, 2014
  3. Biographical Dictionary of the Board of Governors of the Federal Reserve, edited by Bernard S. Katz, Greenwood Press, Westport, CT, 1992, p. 159
  4. http://www.federalreservehistory.org/People/Detailview/64
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