Treasury Fed Accord

Biographies

 

Biographies:
Ralph Leach (1917- )

Chief of the Government Finance Section of the Research Division at the Board of Governors in Washington D.C. (1950-1953)

Ralph Leach was born in Elgin, Illinois, on June 24, 1917, to Harry A. Leach and Edith Sanders Leach. He received his A.B. from the University of Chicago in 1938. After graduation, Leach served in the United States Marine Corps in the South Pacific from 1940 to 1945. After World War II, he managed Treasury portfolios for Harris Trust & Savings Bank in Chicago and later for Valley National Bank in Phoenix; in the process, he developed acquaintances with many of the major Treasury dealers in the country. Because of his experience, Leach was invited to join the Federal Reserve Board as chief of the Government Finance Section in the spring of 1950. By accepting such a position, Leach placed himself on the front line of the dispute between the Treasury and the Federal Reserve.

After his career with the Fed, Leach went to work at the Guaranty Trust Company and retired as the chairman of the Executive Committee at the Morgan Guaranty Trust Company in 1977. He is a member of Phi Kappa Psi and the Coral Ridge Country Club. Ralph Leach currently resides in Fort Lauderdale, Florida.

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