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David M. Kennedy

From Academic Kids

For the American historian, see David M. Kennedy (historian).

David Matthew Kennedy (July 21, 1905May 1, 1996) was an American businessman, economist and Cabinet secretary.

Born in Randolph, Utah, he attended public school and graduated from Weber College in 1928, and then earned master's and law degrees from George Washington University in 1935 and 1937. He graduated from the Stonier Graduate School of Banking of Rutgers University in 1939.

He served as a special assistant on debt management to U.S. Secretary of the Treasury George M. Humphrey. He also served on the staff of the Board of Governors of the Federal Reserve system from 1930 to 1945 ending up assistant to the Chairman.

He spent most of his career in the private sector with the bank Continental Illinois, beginning in the bond department and rising to CEO. He served as Secretary of the Treasury under President Nixon.

In October 1962, President John F. Kennedy appointed him a member of a private corporation to own and operate the United States' share of a global satellite communication system. He was elected to the permanent board of directors in 1964.

President Lyndon B. Johnson in 1969 appointed him chairman of the Commission on Budgetary Concepts, whose recommendations have been adopted as standard government budgetary practice.

David M. Kennedy was nominated by President Richard Nixon to be the 60th Secretary of the Treasury. He served from 1969 until 1971.

He died in Salt Lake City, Utah in 1996.


Preceded by:
Joseph W. Barr
United States Secretary of the Treasury
19691971
Succeeded by:
John Connally

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