Madeline McWhinney Dale was a banker who broke new ground for women in finance as the first female officer of the Federal Reserve Bank.Dale was the first woman to run for election to the board of trustees of the Federal Reserve Retirement System in 1955, after she had been working for the Fed as an economist for 12 years.
She campaigned hard for the position, and she won – in a landslide. Five years later, at a time when most banks wouldn’t let a woman open a checking account without her husband’s permission, Dale became the Fed’s first female officer.
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