Baughman, Ernest T., 1915-2012

Ernest T. Baughman served as the ninth president of the Federal Reserve Bank of Dallas from December 9, 1974, to December 31, 1980. In 1946, he joined the Federal Reserve Bank of Chicago as an agricultural research economist. In 1955, Baughman took a three-month leave of absence to serve as an economic consultant to President Dwight D. Eisenhower on the foreign disposal of agricultural surpluses. After a series of promotions, Baughman was appointed first vice president of the Chicago Fed in 1970. (Source: Federal Reserve History)