Swan, Eliot J., 1911-1998

Eliot J. Swan served as the eighth president of the Federal Reserve Bank of San Francisco from March 1, 1961, until his retirement on May 31, 1972. Swan joined the San Francisco Fed on May 19, 1941, as a research assistant. He became head of the Research department in 1943 and assistant vice president of Research in 1950. During the first six months of 1952, he took a temporary assignment at the Board of Governors of the Federal Reserve System in Washington, D.C., serving as assistant director of the Division of Selective Credit Regulation. He returned to the San Francisco Fed, and in 1954 was appointed vice president, and then vice president and cashier later that year. He accepted the first vice president position in 1956 and became the San Francisco Fed's president in 1961. (Source: Federal Reserve History)