Frederic P. Olcott

Frederic Pepoon Olcott (February 23, 1841 in Albany, Albany County, New York – April 15, 1909 in Bernardsville, Somerset County, New Jersey) was an American banker and politician.

He was the eleventh and last child of Thomas Worth Olcott, President of the Mechanics and Farmers Bank and the Mechanics and Farmers Savings Bank of Albany, New York. He was educated at The Albany Academy, and then worked at his father's bank. In 1866, he relocated to New York City and became a in Wall Street. He married Mary Esmay. They had two children: a son, Dudley Olcott, 2nd, and a daughter, Edith, who married Barend van Gerbig.

On January 1, 1877, he was appointed New York State Comptroller to serve for the remainder of the unexpired term of Lucius Robinson who had been elected Governor. At the New York state election, 1877, he was elected on the Democratic, German-American Independent and Bread-Winners' League tickets to succeed himself, and remained in office until the end of 1879. He was defeated for re-election at the New York state election, 1879.

From 1884 to 1905, he was President of the Central Trust Company of New York, which after mergers and acquisitions found its way into the JPMorgan Chase company. In this capacity he was involved in the re-organization of many railroads in financial trouble, like the Philadelphia and Reading Railroad, the Brooklyn Elevated Railroad, the Third Avenue Railroad, and the Toledo, St. Louis and Kansas City Railroad. He also was a director of the Delaware, Lackawanna and Western Railroad.

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