Lawrence Clayton
Lawrence Clayton | |
|---|---|
| Born | March 1, 1891 Salt Lake City, Utah, U.S. |
| Died | December 4, 1949 (aged 58) |
| Occupation(s) | Banker, corporate leader |
| Known for | Member of the Federal Reserve Board of Governors (1947–1949) |
Lawrence Clayton (March 1, 1891 – December 4, 1949) was a prominent American banker and corporate leader who held a position on the Federal Reserve Board of Governors from 1947 until his passing. He was a longtime aide to Chairman Marriner S. Eccles and significantly influenced Federal Reserve policies during the post-World War II era.
Clayton was born in Salt Lake City, Utah, to Nephi Willard Clayton and Sybella White, and was the grandson of William Clayton. He fathered three children: Sybella White Clayton G'Schwend (1922–2013), Lawrence Clayton Jr. (1924–1988), and Barbara Ruth Clayton Gookin (1926–2013).
He completed his undergraduate degree (A.B.) at Stanford University in 1914, followed by earning an LL.B. from Harvard Law School in 1916. During World War I, Clayton served with the U.S. Army Field Artillery in France. His appointment to the Federal Reserve Board came from President Harry S. Truman on February 14, 1947. Clayton died suddenly from a heart attack at age 58 while still serving on the board.
His final resting place is Arlington National Cemetery, where he lies beside his wife, Ruth Myrtle Dunn Clayton (1896–1954).