Adolph C. Miller was appointed a member of the first Federal Reserve Board on August 10, 1914. He was reappointed twice, serving until February 3, 1936.
Miller was born in San Francisco, California, in 1866. He received a bachelor’s degree from the University of California in 1887. The following year, he earned a master’s degree from Harvard University.
Miller’s career began in academia. In 1889, he was as an economics instructor at Harvard. The next year, he became an assistant professor of history and politics at the University of California. In 1891, he taught political economy and finance at Cornell University as an associate professor, and in 1892, he began teaching at the University of Chicago. He served as a professor of finance there until 1902. Miller returned to the University of California as Flood Professor of Economics and Commerce. Throughout, Miller wrote papers on finance and banking that were published in economic journals.
Miller left academia in 1913 to become the assistant to the secretary of the Interior. The next year he was appointed to the Federal Reserve Board. During his nearly twenty-two years on the Board, Miller participated in hearings before the Banking and Currency Committee of the U.S. Senate and the House of Representatives. He was also a member of the Inter-American High Commission from 1921 to 1933.
After retiring from the Board, Miller was a member of the Library of Congress Trust Fund Board.
Miller died in 1953.
Written by the Board of Governors of the Federal Reserve System. See disclaimer.