William Wallace

Obituary
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Wallace, William Hall William Hall Wallace, age 80, passed away on August 22, 2013 at his home in Dallas, Texas. "Bill" Wallace was born in Senatobia, MS. on August 8, 1933, the third child of Woodard Harvey Wallace and Cellie Amanda Carter. He received bachelors and masters degrees from the University of Mississippi and a Ph.D. in economics from the University of Illinois. He served on the faculties of the University of Illinois and Duke University prior to joining the Federal Reserve System. Bill Wallace served his country in the United States Army at several posts in the United States and in Germany from 1956 to 1958 and was honorably discharged as a First Lieutenant. Bill had the unique experience of having been loved by two wonderful women in his life. At Duke he met and married Margaret Ann Jaeger, with whom he had three children and shared 14 wonderful years. Margaret Ann left this world in 1978 after a valiant fight with cancer. Bill Wallace later married Virginia Lee "Ginger" Wilson. Ginger and Bill shared 27 years together until Ginger succumbed to complications from Parkinson's disease in 2006. Bill Wallace served as Vice President of Research at the Federal Reserve Bank of Richmond, and later as Staff Director at the Board of Governors of the Federal Reserve System in Washington DC, and finally, as First Vice President and Chief Operating Officer of the Federal Reserve Bank of Dallas. Since retirement from the Federal Reserve, Bill taught at New England College in Henniker NH, Israel College in Tel Aviv, the Institute of Economics of the Russian Academy of Sciences in Moscow, and Old Dominion University in Norfolk VA, where he was also Dean of the College of Business and Public Administration. Bill Wallace was also a consultant to foreign central banks under the sponsorship of the U.S. Agency for International Development, in Serbia, Kenya and Ukraine, and has consulted on banking and regulatory issues with several U.S. law firms representing American financial institutions. Bill loved his community and served in the Downtown Rotary, on the Board of the Renaissance on Turtle Creek Homeowners Assn, the Board of Communities in Schools, and several church boards. He published a number of articles in economic journals as well as Federal Reserve publications. He also published a book entitled Measuring Price Changes and many op-ed pieces in area newspapers and spoke frequently to business and professional groups in the DFW area. Bill closed his professional career as Adjunct Professor of Economics at the University of North Texas, from which he retired last year. Bill's final book, The American Monetary System: Financial Institutions, Markets and Monetary Policy from an Insider's Perspective is due out this fall on Springer International Publishing, AG. He is survived by his children and step children, Amy Wallace Bradley, Doug Wallace, Bruce Wallace and daughter-in-law Sharon Wallace, Kris Yohe-Bugenstein and stepson-in-law Larry Bugenstein, Mary Yohe, and Bill Yohe, as well as six grandchildren, Meredith Bradley, Parker Bradley, Laura Archer, Allen Kiester, Audrey Wallace and Olivia Wallace. Bill Wallace was a kind, loving and brilliant man who shared his life and insights with friends, family, colleagues, and students. He will be sorely missed. Memorial services will be held at 3pm on Saturday, August 31, 2013 at Christ United Methodist Church, 2807 Valwood Parkway, Farmers Branch, Texas 75234 (972) 247-6136. In lieu of flowers contributions may be made to the "William H. and Virginia W.Wallace Scholarship in Economics" at the University of North Texas by contacting the Office of Development at giving@unt.edu Online Condolences may be offrered at www.sparkman-hillcrest.com

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Published in Dallas Morning News from Aug. 25 to Aug. 28, 2013
William Hall Wallace
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7405 West Northwest Highway | Dallas, TX 75225 | (214) 363-5401
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