Emmett J. Rice

Governor + Substitute + Professor

Emmett John Rice was a former governor of the Federal Reserve System, a Cornell University economics professor, expert in the monetary systems of developing countries and the father of the current Ambassador to the United Nations in the Cabinet of President Barack Obama, Susan E. Rice. His son, John Rice, received an M.B.… Read More

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News + Updates

Browse recent news and stories about Emmett J. Rice.

  • Letter: Good Citizens Reflect Good Community The Columbian
    Google News - Jun 07, 2011
  • Banking Expert Nominated To Be Fed Vice Chairman
    NYTimes - Aug 07, 1999
  • Fed Nominee Confirmed
    NYTimes - May 22, 1987
  • Monetary Policy Stayed Steady In Mid December
    NYTimes - Feb 14, 1987


Learn about the memorable moments in the evolution of Emmett J. Rice.


1919 Birth Born in 1919.


1941 22 Years Old Rice studied at the City College of New York, receiving a B.B.A. in 1941 and an M.B.A. in 1942 from City College of New York. … Read More


1950 31 Years Old Rice was a research assistant in economics at Berkeley from 1950 to 1951 and was then a teaching assistant in economics in 1953 and 1954.
1952 33 Years Old In between, he spent 1952 as a research associate at the Reserve Bank of India as a Fulbright Fellow.
1954 35 Years Old From 1954 to 1960, Rice was an assistant professor of economics at Cornell University.


1960 41 Years Old From 1960 to 1962, he took leave from Cornell to work as an economist at the Federal Reserve Bank of New York and he then went on to be an adviser to the Central Bank of Nigeria in Lagos in 1963 and 1964.
1964 45 Years Old From 1964 to 1966, Rice was Deputy Director, then Acting Director, of the Treasury Department's Office of Developing Nations.
1966 47 Years Old From 1966 to 1970, he was U.S. Alternate Executive Director for the International Bank for Reconstruction and Development (World Bank), the International Development Association, and the International Finance Corporation.


1970 51 Years Old In 1970, Rice took leave from the U.S. Treasury department to be executive director of the Mayor's Economic Development Committee for Washington, D.C..
1972 53 Years Old In 1972 he left public service to assume the position of senior vice president of the National Bank of Washington.


1979 60 Years Old Rice was appointed to the Federal Reserve Board in 1979 by President Jimmy Carter. … Read More
1986 67 Years Old After leaving the Federal Reserve in 1986, Rice served on corporate boards and consulted.
2011 92 Years Old Rice died at of congestive heart failure on March 10, 2011 at his home in Camas, Washington. … Read More
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