- Michael T. Johnson
Hammond, Bray (20 November 1886–20 July 1968), economic historian and banker, was born in Springfield, Missouri, the son of Harry H. Hammond, a bank cashier, and Lucy Bray. In 1907 he married Lucille Bennett; they had four children before her death in 1927. In 1912 he graduated from Stanford University and was elected Phi Beta Kappa. From 1913 through 1916 he was assistant professor of English at the State College of Washington, in Pullman. From 1917 to 1919 he served in the U.S. Army Signal Corps, Aviation Section, rising to captain rank. From 1919 to 1928 he served as personnel manager for a manufacturing firm in New Haven, Connecticut. In 1929 he was a bookkeeper for the Irving Trust Company in New York City, then in 1930 began serving on the Board of Governors for the Federal Reserve System. Hammond remained on the board until 1950, retiring after serving as its assistant secretary during the final six years of his tenure....