Taylor, Wayne Chatfield, 1893-1967

Wayne Chatfield Taylor (1893-1967) was an American economic advisor and banker. He was born in Chicago, Illinois on December 19, 1893. He received a B.A. degree from Yale University in 1916. He began his banking career with the Central Trust Company of Illinois. In 1923 he became vice-president of Marshall Field, Glore, Ward and Company, investment bankers. From 1935 to 1936 he was the vice-president and trustee of the Export-Import Bank of Washington, DC, and he became president in 1945. He was also a member of the Board of Directors of Encyclopaedia Britannica Films and a delegate for the American Red Cross.

Taylor held many advisory and administrative positions in the presidential administrations of both Franklin D. Roosevelt and Harry S. Truman. In 1933 he began as an assistant to the administrator of the Agricultural Adjustment Administration. From 1936 to 1939 he was the assistant Secretary of the Treasury. From 1940 to 1945 he was Under Secretary of Commerce. From 1948-1950 he was an assistant to Paul G. Hoffman, the European Cooperation Administrator. He was also a trustee on the Committee for Economic Development, the chairman of the executive committee of the National Planning Association, and a consultant to the War Assets Administration. He represented the United States at many international trade conferences and acted as an economic adviser to the European Recovery Program after World War II.