John K. McKee was appointed a member of the Board of Governors of the Federal Reserve System on February 3, 1936. He served on the Board until April 4, 1946.
McKee was born in Pittsburgh, Pennsylvania, in 1891. He attended local public schools and the University of Pittsburgh Night School.
In 1907, McKee began work at Peoples National Bank as a messenger. Twelve years later, he became a cashier. After the bank consolidated with First National Bank in 1922, McKee represented the new institution in receiverships and supervised doubtful loans. From 1923 to 1928, he developed Kansas oil properties, and from 1928 to 1931, he managed family real estate holdings. During 1931 and 1932, McKee represented the US comptroller of the currency as a receiver for insolvent banks in Ohio and Pennsylvania. From 1932 to 1933, he was an examiner-in-charge of bank reorganization at the Reconstruction Finance Corporation.
McKee’s career at the Board of Governors began in 1933, when he was hired as chief of the examining division. He held this position until becoming a member of the Board.
After leaving the Federal Reserve System, McKee served as president and director of Continental Bank & Trust Company from 1946 to 1948.
During World War I, McKee served in the army for twenty-two months. He was married with three children.
McKee’s date of death is unknown.
Written by the Board of Governors of the Federal Reserve System. See disclaimer.