James J. Saxon
| James J. Saxon | |
|---|---|
 |
|
| Comptroller of the Currency | |
|
In office 1961–1966 |
|
| Preceded by | Ray M. Gidney |
| Succeeded by | William B. Camp |
| Personal details | |
| Born |
April 13, 1914 Toledo, Ohio |
| Died | January 28, 1980 (aged 65) Washington, D.C. |
| Nationality | American |
| Occupation | lawyer |
James Joseph Saxon (April 13, 1914 – January 28, 1980) was the 21st Comptroller of the Currency for the United States Department of the Treasury. He was appointed by President John F. Kennedy in 1961.
Saxon left the Office of the Comptroller in January 1967. He subsequently practiced law in Washington and served as vice chairman of the board of the American Fletcher National Bank in Indianapolis.
James Joseph Saxon was born on April 13, 1914 in Toledo, Ohio. He received a law degree from Georgetown University in 1950.
Saxon began his career as a securities statistician in the Office of the Comptroller of the Currency in 1937. He spent World War II as a roving problem solver for the Treasury Department, dealing with financial problems overseas.
After World War II, Saxon served as a special assistant in the office of Treasury Secretary John Snyder. In 1952 he went to work for the Democratic National Committee. After the 1952 elections, Saxon became assistant general counsel of the American Bankers Association (ABA) in its Washington, D.C., office. Saxon left the ABA to work as an attorney for the First National Bank of Chicago.
In 1961 President John F. Kennedy nominated James J. Saxon to be Comptroller of the Currency. Saxon's top priority was to expand the national banking industry and liberate national banks from regulation he deemed burdensome. Saxon permitted national banks to engage in businesses from which they had previously been barred, such as selling insurance and issuing credit cards.
In his first years as Comptroller, Saxon changed the agency substantially by expanding its legal and economic staffs, undertaking a program to expand bank powers, and welcoming new banks and branches into the national banking system in contrast to the more restrictive practices of his immediate predecessors. Saxon created a system of regional comptrollers, each of whom exercised significant authority and autonomy. After resignation, he returned to the practice of law. He had a wide experience with legal and banking.
...
Wikipedia