Frederick Henry Schultz (January 16, 1929 – November 23, 2009) was an American businessman and politician who served as the 11th vice chairman of the Federal Reserve from 1979 to 1982. He served as the

speaker of the Florida House of Representatives The speaker is the Speaker (politics), presiding member of the Florida House of Representatives. The Speaker and his staff provide direction and coordination to employees throughout the House and serve the members in carrying out their constitut ...

from 1968 to 1970.Jacksonville civic leader Schultz dies
The Florida Times-Union (Jacksonville)

Early life and education

Schultz graduated with an A.B. in history from

Princeton University Princeton University is a private university, private Ivy League research university in Princeton, New Jersey, United States. Founded in 1746 in Elizabeth, New Jersey, Elizabeth as the College of New Jersey, Princeton is the List of Colonial ...

in 1951 after completing a senior thesis titled "A History of the Greyhound Corporation." Schultz served as an artillery officer in the

United States Army The United States Army (USA) is the primary Land warfare, land service branch of the United States Department of Defense. It is designated as the Army of the United States in the United States Constitution.Article II, section 2, clause 1 of th ...

during the

Korean War The Korean War (25 June 1950 – 27 July 1953) was an armed conflict on the Korean Peninsula fought between North Korea (Democratic People's Republic of Korea; DPRK) and South Korea (Republic of Korea; ROK) and their allies. North Korea was s ...

from 1952 to 1954, and was awarded the

Bronze Star The Bronze Star Medal (BSM) is a United States Armed Forces decoration awarded to members of the United States Armed Forces for either heroic achievement, heroic service, meritorious achievement, or meritorious service in a combat zone. Wh ...

. Schultz later attended the

University of Florida College of Law The University of Florida Levin College of Law (UF Law) is the law school of the University of Florida located in Gainesville, Florida. Founded in 1909, it is the oldest operating public law school in Florida and second oldest overall in the stat ...

, graduated with his law degree in 1956.

Career

Schultz was elected in Jacksonville and served in the

Florida House of Representatives The Florida House of Representatives is the lower house of the Florida Legislature, the State legislature (United States), state legislature of the U.S. state of Florida, the Florida Senate being the upper house. Article III, Section 1 of the C ...

from 1963 to 1970; his last two years as

Speaker Speaker most commonly refers to: * Speaker, a person who produces speech * Loudspeaker, a device that produces sound ** Computer speakers Speaker, Speakers, or The Speaker may also refer to: Arts and entertainment * "Speaker" (song), by David ...

President Jimmy Carter James Earl Carter Jr. (October 1, 1924December 29, 2024) was an American politician and humanitarian who served as the 39th president of the United States from 1977 to 1981. A member of the Democratic Party, Carter served from 1971 to 1975 ...

appointed him to the

Board of Governors A board of directors is a governing body that supervises the activities of a business, a nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulations ...

in 1979 and he was

Vice Chair of the Federal Reserve The vice chair of the Board of Governors of the Federal Reserve System is the second-highest officer of the Federal Reserve, after the chair of the Federal Reserve. In the absence of the chair, the vice chair presides over the meetings Board of ...

until 1982. In addition, he also served as Chairman of the Florida Institute of Education from 1983 to 1987.Federal Reserve Info
On November 23, 2009, Schultz died of

prostate cancer Prostate cancer is the neoplasm, uncontrolled growth of cells in the prostate, a gland in the male reproductive system below the bladder. Abnormal growth of the prostate tissue is usually detected through Screening (medicine), screening tests, ...

at his Jacksonville home at age 80.

References

External links

List of Vice Chairmen of the Federal Reserve SystemObituaryHarvard University background info

Statements and Speeches of Frederick Henry SchultzFrederick H Schultz
1929 births 2009 deaths Carter administration personnel Fredric G. Levin College of Law alumni Politicians from Jacksonville, Florida Princeton University alumni Speakers of the Florida House of Representatives Democratic Party members of the Florida House of Representatives Reagan administration personnel University of Florida alumni Vice chairs of the Federal Reserve 20th-century members of the Florida Legislature {{Florida-FLRepresentative-Democratic-stub