Talley, Lynn P., 1881-1942

Lynn P. Talley was the fourth leader of the Federal Reserve Bank of Dallas, serving as its governor from July 1, 1925, to October 1, 1931. Talley began his career with the Dallas Fed in 1915 as cashier, followed by deputy governor in 1919. He served in this capacity until the spring of 1921, when he resigned to accept the position of vice president and managing officer of Southwest National Bank. On March 15, 1923, Talley resigned his position at Southwest National Bank to accept the appointment as Federal Reserve agent and chairman of the board of directors at the Dallas Fed. In 1925, Talley was unanimously asked by the board of directors to succeed B.A. McKinney as the governor of the Dallas Fed, giving him the unique distinction of having held every major executive position within the Reserve Bank. Talley served as governor until October 1931. (Source: Federal Reserve History)