Jay, Pierre

Pierre Jay: banker; vice-president of the Old Colony Trust Company of Boston, 1903; later vice-president of the Bank of Manhattan Company and chairman of the board of directors and Federal Reserve Agent of the Federal Reserve Bank of New York; Deputy Agent General for Reparation Payments in Berlin, 1926-1930.

Pierre Jay: banker; vice-president of the Old Colony Trust Company of Boston, 1903; later vice-president of the Bank of Manhattan Company and chairman of the board of directors and Federal Reserve Agent of the Federal Reserve Bank of New York; Deputy Agent General for Reparation Payments in Berlin, 1926-1930.

Pierre Jay, a direct descendant of the first Chief Justice of the United States, was born in Warwick, New York, in 1870. He prepared for Yale at Hopkins and Groton and received his B. A. in 1892. In 1903 he was elected vice president of the Old Colony Trust Company of Boston. Subsequently he became vice president of the Bank of Manhattan Company, and chairman of the board of directors and Federal Reserve Agent of the Federal Reserve Bank of New York. Jay had already traveled extensively in Europe before being appointed Deputy Agent General for Reparation Payments in December 1926. He was posted to Berlin where he remained until May 1930. He then returned to New York to become chairman of the board of the Fiduciary Trust Company, a post he held until his retirement in 1945. He died in 1949.