Teeters, Nancy Hays (1930—)

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Teeters, Nancy Hays (1930—)

First woman on the board of governors of the Federal Reserve Bank. Born on July 29, 1930, in Marion, Indiana; Oberlin College, A.B., 1952; attended University of Michigan, M.A., 1954.

Born in 1930 in Marion, Indiana, Nancy Hays Teeters graduated from Oberlin College in Ohio with an A.B. degree in economics in 1952 and from the University of Michigan with an M.A. in economics in 1954. She was employed as a staff economist from 1957 to 1966 in the government finance section of the board of governors of the Federal Reserve System in Washington, D.C. Teeters served as an economist for the Bureau of the Budget from 1966 to 1970, and was a senior fellow of the Brookings Institute from 1970 to 1973. She and two other authors at Brookings wrote Setting National Priorities: The1972 Budget in 1971, as well as similar documents for the 1973 and 1975 budgets.

From 1974 to 1975, Teeters served as president of the National Economists Club. She was also chief economist for the U.S. House of Representatives Committee on the Budget from 1974 to 1978. Tapped by President Jimmy Carter to serve as a member of the Federal Reserve's board of governors, Teeters held that post from 1978 to 1984, when she became vice-president and chief economist at IBM.


Read, Phyllis J., and Bernard L. Witlieb. The Book of Women's Firsts. NY: Random House, 1992.

Sally A. Myers , Ph.D., freelance writer and editor