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Eugene Isaac Meyer (October 31, 1875 – July 17, 1959) was an American banker, businessman, financier, and newspaper publisher. Through his public career, he served as the 5th chairman of the Federal Reserve from 1930 to 1933.
Eugene Meyer, Jr., was descended from a distinguished Jewish family in the Alsace-Lorraine region of France. His father left France and established himself in California before settling in New York, where he became a partner in the distinguished financial firm of Lazard-Frères.
In 1930, Herbert Hoover appointed to the Federal Reserve Board an old friend from World War I days, Eugene Meyer, Jr., who had a long record of public service dating from 1915, when he went into partnership with Bernard Baruch in the Alaska-Juneau Gold Mining Company.
Jewish Fed chiefs are by now nothing novel. But in 1930, when President Hoover picked Eugene Meyer to head the Fed — the first Jew to hold the position — the headline of the JTA article on...
In 1901, Meyer formed the brokerage firm Eugene Meyer Jr. and Co. His firm became increasingly focused on investment banking, and Meyer also became interested in the railroad, oil, copper, and automotive industries.
The third member of the Triumvirate, Eugene Meyer, was son of the partner in the international banking house of Lazard Freres, of Paris and New York. In "My Own Story", Baruch explains how Meyer became head of the War Finance Corporation.
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In 1901 he founded the banking firm of Eugene Meyer, Jr., and Company, and until World War I was active in the oil, copper, and automobile industries. In 1917 he was appointed adviser to the War Industries Board and the following year was named managing director of the War Finance Corporation.
