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During his time on the Board, he served as the Board's administrative governor, as
Chairman of the Board's Committee on Consumer and Community Affairs, as a member of the Committee on Supervisory and Regulatory Affairs, and as a member of the Committee on Federal Reserve Bank Affairs. In September
315:) and was named an officer in 1969. From 1976 to 1988, he was President and CEO of Security State Bank, Fergus Falls, Minnesota. His father had been the lead organizer in chartering Security State Bank in 1957. During his years at Security State Bank, Olson was also actively involved in
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and its predecessor, Arthur Young & Company. While their, he was
National Director of the firm's Regulatory Consulting Practice for the financial services industry. He also consulted on issues of management and board
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Board of
Directors and as Chairman of the ABA Government Relations Council. In 1986, at age 43, he became the youngest person ever elected as President of the American Bankers Association.
382:. He took office on December 7, 2001, to fill an unexpired term, to end on January 31, 2010. He resigned on June 21, 2006, effective June 30, 2006, in order to run the
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Securities
Subcommittee of the Banking, Housing, and Urban Affairs Committee (2000–2001). The subcommittee's legislative jurisdiction included the
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599:"Mark W. Olson CNBC Squawk on the Street Appearance: Santelli Exchange: The Federal Reserve is serious about fighting inflation"
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from 2001 to 2006. Filling an unexpired term to end on
January 31, 2010, he resigned on June 21, 2006, in order to run the
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of
Minnesota, as Legislative Assistant for Banking Issues (1971–72), then as Director of his district office (1974–76).
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276:(March 17, 1943 – September 12, 2018) was an American economist and bank executive who served as a member of the
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Before becoming a member of the Board, Olson served as Staff
Director of the
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In 2004, Olson married Renee Korda and had two children, Ben and
Stephanie.
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to provide insights and opinions on industry and regulatory issues.
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In 1966, Olson began his banking career with First Bank System (now
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On June 8, 2009, he announced his resignation as chairman of the
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issues involving the banking industry. He served on the
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http://pcaobus.org/News_and_Events/News/2009/06-08.aspx
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to be effective July 31, 2009, for personal reasons.
521:"Former Fed Governor, ABA President Mark Olson Dies"
571:"Federal Reserve System Transcript, September 2005"
487:""Press Release" (announcing Olson's resignation )"
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356:bankers in adapting to a free-market economy.
299:In 1965, he received a B.A. in economics from
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652:Statements and Speeches of Mark Walter Olson
428:Mark Olson died on September 12, 2018, from
326:Between 1971 and 1976, Olson served former
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158:December 7, 2001 – June 30, 2006
109:Learn how and when to remove this message
702:George W. Bush administration personnel
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461:""Mark W. Olson" (official biography)"
45:Please improve this article by adding
292:Olson was born on March 17, 1943, in
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624:"Former PCAOB chief Mark Olson dies"
692:People from Fergus Falls, Minnesota
365:Securities and Exchange Commission
278:Federal Reserve Board of Governors
146:Federal Reserve Board of Governors
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465:Members of the Board of Governors
350:United States Treasury Department
687:Federal Reserve System governors
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682:Businesspeople from Minnesota
47:secondary or tertiary sources
677:American Bankers Association
321:American Bankers Association
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491:Federal Reserve Releases
697:St. Olaf College alumni
294:Fergus Falls, Minnesota
219:Fergus Falls, Minnesota
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369:Gramm-Leach-Bliley Act
34:relies excessively on
483:Federal Reserve Board
457:Federal Reserve Board
341:Ernst & Young LLP
523:. 14 September 2018.
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236:Rockville, Maryland
560:FRB 2004, op. cit.
538:FRB 2006, op. cit.
430:pulmonary fibrosis
229:September 12, 2018
449:Sources consulted
392:Hurricane Katrina
352:effort to assist
274:Mark Walter Olson
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231:(2018-09-12)
191:Janet Yellen
186:Succeeded by
179:Alice Rivlin
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672:2018 deaths
667:1943 births
361:U.S. Senate
174:Preceded by
661:Categories
634:2020-11-09
609:2020-11-09
444:References
328:Republican
288:Early life
247:Republican
212:1943-03-17
125:Mark Olson
69:newspapers
36:references
434:Rockville
253:Education
163:President
154:In office
603:Treliant
507:Endnotes
438:Maryland
378:to the
83:scholar
307:Career
238:, U.S.
221:, U.S.
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574:(PDF)
481:FRB (
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424:Death
399:PCAOB
90:JSTOR
76:books
410:CNBC
226:Died
206:Born
62:news
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