John Charles Partee


Honorary Degree (1984)
Doctor of Laws
Location: Bloomington
Presenter: John William Ryan
Kelley School of Business Academy of Alumni Fellows (1977)
Indiana University Bloomington
B.S., 1948; M.B.A., 1949; L.L.D., 1984


The selection of John Charles Partee as a Governor of the Federal Reserve Board gave recognition to the importance of the Federal Reserve System staff and to his exemplary performance in its leadership. The Board of Governors, advised by its staff, formulates the nation's monetary policy, administers the regional Federal Reserve Banks and their branches, and regulates the major commercial banks of the nation.

Prior to beginning his career with the Federal Reserve System in Washington, Mr. Partee was the managing director for research and economic policy on the Board's staff. In that capacity he was responsible for the statistical projections underlying Board decisions in its sensitive function relating to monetary and economic policies. Mr. Partee also served as senior economist of the Federal Reserve System's Federal Open Market Committee, was the Board's representative on the Board of Directors of the Securities and Investor Protection Corporation, and was the U.S. representative to and vice chairman of the Committee on Financial Markets of the Office of Economic Corporate Development in Paris. Mr. Partee had been a member of the staff since 1962, serving successively as chief of the Capital Markets Section, adviser in charge of financial research, and associate director and then director of the Division of Research and Statistics.

Mr. Partee was associated for six years with the Northern Trust Company of Chicago. At the time he moved to Washington he was a second vice president and associate economist with that bank. From 1949-1956, he was an economist specializing in the consumer and mortgage sectors on the research staff of the Federal Reserve Bank of Chicago.

Mr. Partee is an Indiana University alumnus, having received a B.S. with distinction in 1948 and an M.B.A. in 1949. He did graduate work in economics at the University of Chicago. As an alumni fellow to the School of Business at Indiana University he has continued to support his alma mater.

The organizations to which Mr. Partee belongs include the Conference of Business Economists, American Institute of Banking, American Finance Association, and American Economic Association. He is a member of Beta Gamma Sigma.

J. Charles Partee brings to the Board of Governors of the country's most powerful monetary policy-making body the skills and knowledge of the consummate business and economic analyst. He has served on the Board with three distinctly contrasting chairmen and has shared power with fellow Governors whose economic tenets span a wide spectrum of monetary doctrine. Throughout, he has earned and retained the high esteem of all his fellow Governors.