Daane, J. Dewey (James Dewey), 1918-

J. Dewey Daane joined the Board of Governors of the Federal Reserve System on November 29, 1963. He served until March 8, 1974. From 1950 to 1951, Daane served as consultant to an International Monetary Fund Fiscal Mission to the Republic of Paraguay. He later joined the staff of the Federal Reserve Bank of Richmond and was successively statistician, monetary economist, assistant vice president, and ultimately vice president in charge of research activities. In May 1960, he became vice president and economic adviser at the Federal Reserve Bank of Minneapolis. In 1963, President John Kennedy appointed Daane to the Board of Governors. During his time on the Board of Governors, Daane regularly attended meetings of the central bank governors of the Bank for International Settlements in Basel, Switzerland as well as meetings of the Organization for Economic Co-operation and Development. He was regarded as the international economics expert on the Board of Governors during his tenure. (Source: Federal Reserve History)