Preston Delano

Preston Delano
Comptroller of the Currency
In office
1938–1953
Preceded by J. F. T. O'Connor
Succeeded by Ray M. Gidney
Personal details
Born (1886-04-02)April 2, 1886
Phoenix, Michigan
Died August 31, 1961(1961-08-31) (aged 75)
Washington, D.C.
Nationality American
Occupation banker, businessman, investment counselor

Preston Delano (April 2, 1886 August 31, 1961) was a United States Comptroller of the Currency from 1938 to 1953.[1]

Preston Delano held office for 14 years, the longest term of any Comptroller. Delano was a businessman, investment counselor, and served as governor of the Home Loan Bank Board when appointed Comptroller by President Franklin D. Roosevelt.

He was responsible for preserving and stabilizing the national banks during the Second World War, which vastly increased the volume of money needed for war expenditures, subsequently causing government debt to rise substantially. Delano entered retirement after his resignation.

References


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