Ralph W. Morrison was a member of the Board of Governors of the Federal Reserve System from February 10, 1936, until his resignation five months later on July 9, 1936.
Morrison was born in Howell County, Missouri, in 1878. He attended West Plains College in 1900.
Unlike most members of the Board of Governors, Morrison’s career began not in banking but in automobile sales. From 1903 to 1911, he was the foreign sales manager of the St. Louis Car Company. He worked in the utilities industry from 1911 to 1925 and then was active in investment, ranching, and banking activities from 1925 to 1934.
Morrison became president of the Pan-American Hotel Company and then president of the Texas-Mexican Railway Company, where he worked from 1939 to 1948. He also owned the St. Anthony Hotel in San Antonio and organized Central Power & Light Company.
Morrison held several professional appointments during his career. He was director of Central and Southwest Utilities, a member of the American delegation to London’s 1933 Economic Conference, and a member of the Council on Foreign Relations.
Morrison died in 1948.
Written by the Board of Governors of the Federal Reserve System. See disclaimer.