The basics
Quick facts
Intro
US Comptroller of the Currency
Gender:
Male
Birth:
2 April 1886(Phoenix, Michigan)
Death:
31 August 1961(Washington, D.C.)
The details
Biography
Preston Delano (April 2, 1886 – August 31, 1961) was a United States Comptroller of the Currency from 1938 to 1953.
Preston Delano held office for 14 years, the longest term of any Comptroller. Delano was a businessman, investment counselor, and served as governor of the Home Loan Bank Board when appointed Comptroller by President Franklin D. Roosevelt.
He was responsible for preserving and stabilizing the national banks during the Second World War, which vastly increased the volume of money needed for war expenditures, subsequently causing government debt to rise substantially. Delano entered retirement after his resignation.