Philip E. Coldwell

COLDWELL DR. PHILIP EDWARD COLDWELL On May 26, 2008. Dr. Philip Edward Coldwell, former President of the Federal Reserve Bank of Dallas and Governor on the Federal Reserve Board in Washington, DC, passed away at his home in Dallas, Texas. He was born in Champaign, Illinois, July 20, 1922 to Montgomery Ian and Donna Rose Coldwell. Philip attended the University of Illinois. His education was interrupted by WW II while he served in the U.S. Navy as a combat pilot. He was based in the Pacific Theater of Operations on the aircraft carrier USS Monterey from which he flew F-6-F fighter planes. At the end of the war, he returned to the U. of I., receiving his Bachelors Degree in Economics in 1946 and his Masters Degree in 1947. Subsequently, he earned his Ph.D. in Economics and Finance at he University of Wisconsin. Dr. Coldwell taught at universities in Wisconsin, Illinois, Montana and Louisiana before beginning his career with the Federal Reserve System. From Industrial Economist and other intervening positions, he was promoted to President of the Dallas Federal Reserve Bank in 1968. In 1974, President Gerald Ford nominated Dr. Philip Coldwell to the seven member Board of Governors of the Federal Reserve System. After being confirmed by the U. S. Senate, Governor Coldwell remained in Washington, D. C. for 18 years. One of his special assignments at the Board was the FRB‘s relationship with all the Central Banks in the Western Hemisphere. Upon retiring from the Board, he formed an International Consulting Firm and was a frequent speaker before banking-industry and other groups across the country. In Washington, he was a member of the prestigious Cosmos Club as well as the Chevy Chase Club. After leaving the Board, he became a Director of Diamond Shamrock Oil Co.(later Maxus Oil Co.); Director of the Provident Board for Institutional Money Market Funds; Director on the Board of Guaranty Preferred Capital Corporation. He and his wife, Norma Abels Coldwell, celebrated their 60th wedding anniversary June 1, 2007. Philip is survived by Norma, and their two sons, Dr. Douglas Coldwell, his wife Jane, and Cameron Coldwell; his daughter, Courtney Coldwell Mercer, her husband Ben, and their baby daughter, Allison. Also, Philip‘s brother and sister-in-law, Roger and Dr. Janice Wieland and their family. A Memorial Service will be Tuesday, June 17, 2008 at 1:00 P.M. at the Park Cities Presbyterian Church, Oak Lawn Ave., Dallas, Texas. In lieu of flowers, memorials may be made to Westminster Theological Seminary of Salvation Army or charity of choice. Sparkman/Hillcrest , Dallas Texas 75225