Joseph A. Erickson
Joseph Austin Erickson (January 8, 1896 – March 14, 1983) was an American bank executive who served as president of the Federal Reserve Bank of Boston from 1948 to 1961.
Early life
[edit]Erickson was born on January 8, 1896, in Lynn, Massachusetts to Emil Svante Erickson and Anna (Jacobson) Erickson.[1][2] He graduated from Lynn Classical High School. He worked in a Lynn department store, at the General Electric River Works plant, and as a bellhop on Cape Cod in order to fund his education at Harvard College. He left Harvard in 1917 for the First Officers Training Training Camp in Plattsburgh, New York.[2] He served as a first lieutenant in the United States Army Coast Artillery Corps during World War I and then served on the repatriation section of the American Commission to Negotiate Peace.[3] He returned to Harvard after the war, where he earned his Bachelor of Arts degree and attended Harvard Business School for one year.[2]
Career
[edit]In 1920, Erickson joined Shawmut Bank as a clerk. In 1925 he was made manager of the credit department and was named manager of the Arlington Street branch later that year. In 1928 he was made a vice president. In 1942, he was promoted to executive vice president, which made him the third highest-ranking officer in the company.[3] In 1948 he was named president of the Federal Reserve Bank of Boston.[4] His twelve years of service make him the second-longest serving president in the Boston Fed's history.[1]
Erickson also served as president of the New England Council and was a director of several companies, including Boston Edison.[5]
Personal life
[edit]Erickson and his wife, Esther Reece Stevens, had three children.[1] He was a longtime resident of Wellesley Hills, Massachusetts and spent his final two years in an assisted living facility in Wrentham, Massachusetts, where he died on March 14, 1983.[2]
References
[edit]- ^ a b c "Joseph A. Erickson". Federal Reserve History. Federal Reserve Bank of St. Louis. Retrieved 22 March 2023.
- ^ a b c d Coughlin, William P. (March 14, 1983). "Joseph Erickson, Banking Leader". The Boston Globe.
- ^ a b "Joseph Erickson Elected Executive Vice President of Shawmut National Bank". The Boston Globe. March 18, 1942.
- ^ "Heads Reserve Bank Unit". The New York Times. November 10, 1948.
- ^ "Joseph A. Erickson Elected President Of N.E. Council". The Boston Globe. November 17, 1960.