# Gary H. Stern
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{{short description|American economist}}
{{other people|Gary Stern}}
{{Infobox officeholder
|name = Gary Stern
|image = Gary H Stern (14103256853) (cropped).jpg
|office = 11th President of the [Federal Reserve Bank of Minneapolis](/source/Federal_Reserve_Bank_of_Minneapolis)
|term_start = March 16, 1985
|term_end = September 1, 2009
|predecessor = [E. Gerald Corrigan](/source/E._Gerald_Corrigan)
|successor = [Narayana Kocherlakota](/source/Narayana_Kocherlakota)
|birth_date = {{birth date and age|1944|11|3}}
|birth_place = [San Luis Obispo, California](/source/San_Luis_Obispo%2C_California), U.S.
|death_date =
|death_place =
|education = [Washington University](/source/Washington_University_in_St._Louis) {{small|([BA](/source/Bachelor_of_Arts))}}
[Rice University](/source/Rice_University) {{small|([MA](/source/Master_of_Arts), [PhD](/source/Doctor_of_Philosophy))}}
}}
'''Gary Hilton Stern'''[According to the State of California. ''California Birth Index, 1905-1995''. Center for Health Statistics, California Department of Health Services, Sacramento, California. Searchable at http://www.familytreelegends.com/records/39461 {{Webarchive|url=https://web.archive.org/web/20110427102456/http://www.familytreelegends.com/records/39461 |date=2011-04-27 }}] (born November 3, 1944) is an American economist and banker. On March 16, 1985, he took office as the eleventh chief executive of the [Federal Reserve Bank of Minneapolis](/source/Federal_Reserve_Bank_of_Minneapolis), and retired from the position on September 1, 2009.[{{citation|url=https://www.wsj.com/articles/SB123870319341183659|last=Derby|first=Michael S.|title=Minneapolis Fed President Stern to Retire|newspaper=The Wall Street Journal|date=2009-04-02|accessdate=2009-04-17}}]
==Life and career==
Stern was born in [San Luis Obispo, California](/source/San_Luis_Obispo%2C_California). He holds an A.B. in [economics](/source/economics) from [Washington University in St. Louis](/source/Washington_University_in_St._Louis), and a Ph.D. in economics from [Rice University](/source/Rice_University), [Houston](/source/Houston).
Stern joined the Federal Reserve Bank of Minneapolis in January 1982 as senior vice president and director of research. In August 1983, he was given the additional responsibility of serving as the Bank's chief financial officer. Before joining the Minneapolis Bank, Stern was a partner in a New York-based economic consulting firm. He has also served on the faculties of [Columbia University](/source/Columbia_University), Washington University, and [New York University](/source/New_York_University). Stern's previous experience includes seven years at the [Federal Reserve Bank of New York](/source/Federal_Reserve_Bank_of_New_York), where his last assignment was as manager of the domestic research department.
Stern is chairman of the board of directors of the [National Council on Economic Education](/source/National_Council_on_Economic_Education) and of the [Northwest Area Foundation](/source/Northwest_Area_Foundation), and he serves on the board of trustees of [Hamline University](/source/Hamline_University) and of the [Minneapolis College of Art and Design](/source/Minneapolis_College_of_Art_and_Design). He also serves on the board of the [Carlson School of Management](/source/Carlson_School_of_Management) at the [University of Minnesota](/source/University_of_Minnesota), and he is the treasurer of the [Minneapolis Club](/source/Minneapolis_Club).
In 2004 Stern co-authored with Ron J. Feldman ''Too Big to Fail – The Hazards of Bank Bailouts'' with the foreword written by Paul A. Volcker.[{{Cite book | url = https://books.google.com/books?id=XlPjOF1W-_UC&q=gary+stern+%22too+big+to+fail%22 | title = Too Big to Fail: The Hazards of Bank Bailouts | isbn = 9780815781523 | last1 = Stern | first1 = Gary H | last2 = Feldman | first2 = Ron J | year = 2004| publisher = Rowman & Littlefield }}]
==See also==
* [Federal Reserve System](/source/Federal_Reserve_System)
==References==
{{Reflist}}
==External links==
* [https://web.archive.org/web/20070914050321/http://www.minneapolisfed.org/info/mpls/people/stern.cfm Minneapolis Fed biography]
* [http://www.federalreserve.gov/bios/pres09.htm Federal Reserve Bank biography]
* [http://www.federalreserve.gov/bios/pres09.htm Biography] at the [Federal Reserve System](/source/Federal_Reserve_System) Web site
* {{cite web |last=Roberts |first=Russ |title=Gary Stern on ''Too Big to Fail'' |url=http://www.econtalk.org/archives/_featuring/gary_stern/ |work=[EconTalk](/source/EconTalk) |publisher=[Library of Economics and Liberty](/source/Library_of_Economics_and_Liberty) |authorlink=Russ Roberts |date=October 5, 2009}}
* [https://fraser.stlouisfed.org/title/1002 Statements and speeches of Gary H. Stern]
{{s-start}}
{{s-other}}
{{s-bef|before=[E. Gerald Corrigan](/source/E._Gerald_Corrigan)}}
{{s-ttl|title=President of the [Federal Reserve Bank of Minneapolis](/source/Federal_Reserve_Bank_of_Minneapolis)|years=1985–2009}}
{{s-aft|after=[Narayana Kocherlakota](/source/Narayana_Kocherlakota)}}
{{s-end}}
{{Authority control}}
{{DEFAULTSORT:Stern, Gary H.}}
Category:1944 births
Category:Living people
Category:20th-century American economists
Category:21st-century American economists
Category:Economists from Minnesota
Category:Federal Reserve Bank of Minneapolis presidents
Category:Rice University alumni
Category:Washington University in St. Louis alumni
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Adapted from the Wikipedia article [Gary H. Stern](https://en.wikipedia.org/wiki/Gary_H._Stern) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Gary_H._Stern?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.