This Day in Black History: Feb. 26, 1966

12/2/97 - PHOTOGRAPHER: FRANK JOHNSTON, WHITE HOUSE, BRIEF DESCRIPTION: CONTROL BOARD MET WITH PRES. CLINTON 1. Chairman of the D.C. Control Board, Andrew Brimmer(C),brief the press about the meeting he and Mayor Marion Barry(L),Del. Eleanor Holmes Norton(R),and members of the Control Board, had with the President, at the White House late today.  (Photo by Frank Johnston/The Washington Post/Getty Images)

This Day in Black History: Feb. 26, 1966

Andrew Brimmer became first Black governor of the Federal Reserve on Feb. 26, 1966.

Published February 26, 2013

At the height of the civil rights movement, Andrew Brimmer became the first African-American governor of the Federal Reserve Bank of New York on Feb. 26, 1966. He was appointed to the position by President Lyndon B. Johnson.

Before becoming a governor, Brimmer was a staff economist at the Federal Reserve, who had received his Ph.D. from Harvard Business School, and was deputy assistant secretary of commerce under President John F. Kennedy. 

During his eight years at the Reserve, he spoke openly about economic conditions for African-Americans and researched racial disparities of wages and income. In 1974, he stepped down and became a professor at the Harvard Business School. 

Brimmer passed away at the age of 86 on Oct. 7, 2012.

BET National News - Keep up to date with breaking news stories from around the nation, including headlines from the hip hop and entertainment world. Click here to subscribe to our newsletter.

Get ready for the BET Experience, featuring Beyoncé, Snoop DoggR. Kelly, Erykah BaduKendrick Lamar and many more. Go here for more details and info on how to buy tickets

 

 (Photo:  Frank Johnston/The Washington Post/Getty Images)�

Written by Natelege Whaley

COMMENTS

Latest in news