William F. Ford
- President, Federal Reserve Bank of Atlanta, 1980–1983
William F. Ford was the eleventh president and chief executive officer of the Federal Reserve Bank of Atlanta from August 1, 1980, to October 1, 1983.
Ford was born in Huntington, New York. He received his bachelor’s degree in economics from the University of Texas in 1961 and his master's degree (1962) and PhD (1966) in economics from the University of Michigan.1
Ford served on the faculties of the University of Michigan and the University of Virginia. He was also a staff member and consultant to the RAND Corporation. He served as chief economist of the American Bankers Association. In 1975, he became a vice president of Wells Fargo. In 1976, he headed that bank’s planning department and a year later was named senior vice president and chief economist.2
Ford succeeded Monroe Kimbrel as the Atlanta Fed’s president in 1980.2 During his presidency, the Federal Reserve faced many challenges. One was a battle with double-digit inflation that caused considerable damage to the economy. Following the Fed’s aggressive monetary policy action, inflation was brought down, but the economy experienced a recession in the early 1980s marked by double-digit unemployment. The Bank also went through a major operational transition with the passing of the Monetary Control Act of 1980. Ford was tasked with guiding the Atlanta Fed through the recession and the deregulatory changes to the financial system.3
Ford resigned on October 1, 1983, to become president of First Nationwide Financial Corp.4
- 1 Federal Reserve Bank of Atlanta. "New President for Atlanta Federal Reserve." Economic Review, May/June 1980: 2.
- 2 "W.F. Ford Next Atlanta Fed Pres." American Banker, May 27, 1980; Daniel F. Cuff. "Business People; Atlanta Fed Picks a New President." New York Times, December 7, 1983.
- 3 William A Fickling Jr., William F. Ford, and John H. Weitnauer Jr. "1982 Annual Report: From the Boardroom." Federal Reserve Bank of Atlanta, May 18, 1983: 4.
- 4 "Atlanta Fed Leader to 1st Nationwide." New York Times, August 30, 1983.