Preston Delano
19th Comptroller of the Currency
In office
October 24, 1938 – February 15, 1953
PresidentFranklin D. Roosevelt
Harry S. Truman
Dwight D. Eisenhower
Preceded byJ. F. T. O'Connor
Succeeded byRay M. Gidney
Acting Chair of the Federal Deposit Insurance Corporation
In office
October 15, 1945 - January 5, 1946
PresidentHarry S. Truman
Preceded byLeo Crowley
Succeeded byMaple T. Harl
Personal details
Born(1886-04-02)April 2, 1886
Phoenix, Michigan
DiedAugust 31, 1961(1961-08-31) (aged 75)
Washington, D.C.
NationalityAmerican
Occupationbanker, businessman, investment counselor

Preston Brady Delano (April 2, 1886 – August 31, 1961) was a United States Comptroller of the Currency from October, 1938 to 1953.[1] He inherited this Office from an Acting Comptroller of the Currency from April 1938 to September 1938 named Marshall R. Diggs.

He graduated from Stanford University in 1909.

Preston Delano held office for 14 years, the longest term of any Comptroller. Delano was a businessman, investment counselor, and served as governor of the Home Loan Bank Board when appointed Comptroller by President Franklin D. Roosevelt.

He was responsible for preserving and stabilizing the national banks during the Second World War, which vastly increased the volume of money needed for war expenditures, subsequently causing government debt to rise substantially. Delano entered retirement after his resignation.

Personal life

Delano was the son of Moses Abbott Delano (1848-1930) and his wife, Ellen Verneo (nee Bennett) Delano (1848-1926).[2] He was born in Phoenix, Michigan, but by the time of the 1900 United States Census the family was living in Fairhaven, Massachusetts, his father's birthplace; his Delano line had long lived in Fairhaven. On May 24, 1922 in Portland, Oregon, he married Ruth Small (April 29, 1891-February 19, 1973).[3]

Delano was a "distant cousin" of President Roosevelt,[4] and part of the extended Delano family. They are 5th cousins to be exact, sharing the same pair of 4th great-grandparents Jonathan Delano (1647-1720) and Mercy (Warren) Delano (1657-1728).[5] Another relative is his fourth cousin, once removed Columbus Delano, a United States Congressman from Ohio;

References

  1. ↑ "The National Cyclopaedia of American Biography: Being the History of the United States as Illustrated in the Lives of the Founders, Builders, and Defenders of the Republic, and of the Men and Women who are Doing the Work and Moulding the Thought of the Present Time". 1967.
  2. ↑ "Moses Abbott Delano and Ellen Verneo Bennett". ourfamtree.org. Ray Gurganus. Retrieved 10 May 2022.
  3. ↑ "Preston Brady Delano and Ruth Small". ourfamtree.org. Ray Gurganus. Retrieved 10 May 2022.
  4. ↑ "Ruth Delano Obituary". New York Times. No. 42. Feb 22, 1973.
  5. ↑ "Preston Delano and FDR relationship". ourfamtree.org. Ray Gurganus. Retrieved 10 May 2022.
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