World Library  
Flag as Inappropriate
Email this Article

David M. Kennedy

Article Id: WHEBN0000850551
Reproduction Date:

Title: David M. Kennedy  
Author: World Heritage Encyclopedia
Language: English
Subject: Donald Rumsfeld, Pendulum Press, William E. Simon, United States Secretary of the Treasury, List of George Washington University people
Collection: 1905 Births, 1996 Deaths, 20Th-Century Mormon Missionaries, American Bankers, American Chief Executives, American Chief Executives of Financial Services Companies, American Diplomats, American Mormon Missionaries in the United Kingdom, Brigham Young University People, Cardiovascular Disease Deaths in Utah, George Washington University Law School Alumni, Mormon Missionaries in England, Nixon Administration Cabinet Members, Permanent Representatives of the United States to Nato, Rutgers University Alumni, United States Secretaries of the Treasury, University of Chicago Trustees, Weber State University Alumni, Yale University Alumni
Publisher: World Heritage Encyclopedia

David M. Kennedy

David M. Kennedy
60th United States Secretary of the Treasury
In office
January 22, 1969 – February 11, 1971
President Richard Nixon
Preceded by Joseph W. Barr
Succeeded by John B. Connally
8th United States Ambassador to NATO
In office
March 17, 1972 – February 2, 1973
Appointed by Richard Nixon
Preceded by Robert Ellsworth
Succeeded by Donald Rumsfeld
Personal details
Born (1905-07-21)July 21, 1905
Randolph, Utah, United States
Died May 1, 1996(1996-05-01) (aged 90)
Salt Lake City, Utah, United States
Resting place Randolph City Cemetery in Randolph, Utah, United States
Political party Republican
Spouse(s) Lenora Bingham Kennedy
(m. 1924 - 1995, her death)
Children Marilyn Kennedy Taylor
Carol Kennedy Davis
Barbara Kennedy Law
Patricia Kennedy Campbell[1]
Alma mater Weber State University
George Washington University
Rutgers University
Profession Politician
Religion The Church of Jesus Christ of Latter-day Saints (Mormon)

David Matthew Kennedy (July 21, 1905 – May 1, 1996), was an American politician and businessman. He served as the 60th Secretary of the Treasury and later as the 8th United States Permanent Representative to NATO both under President Richard Nixon. He was Chief Executive and Chairman of the Board of Continental Illinois during the 1950s and 60s.


  • Early life 1
  • Chicago years 2
  • Government service 3
  • Church service 4
  • References 5
  • Biography 6
  • External links 7

Early life

Kennedy was born on July 21, 1905 in Kaysville and later Ogden. His grandparents John Kennedy and Peter Johnson formed the Bank of Randolph.

In November 1925, Kennedy married Lenora Margaret Bingham at the Salt Lake Temple and shortly thereafter served his mission in Liverpool, England. His mission presidents were James E. Talmage and John A. Widtsoe. [2]

Kennedy attended public schools and received his bachelor’s degree from Weber State University, graduating in 1928. He obtained his first government job as a staff member for the Federal Reserve Board of Governors.[3] During this time he built up his financial experience and later became assistant to then-Fed Chairman Marriner Eccles. Kennedy was also attending George Washington University and received his master’s and law degree from there in 1935 and 1937. He completed his education at Rutgers’s Stonier Graduate School of Banking in 1939.

Chicago years

He left the Federal Reserve and joined Continental of Illinois in 1946, starting in their bond department. By 1951 he was a bank President and later served as Chairman of the Board and CEO from 1959 to 1969. At the time of his appointment in 1969 Continental Illinois ranked as the 15th largest bank in the world.

Kennedy served as counselor to John K. Edmunds in the presidency of the Chicago Stake of The Church of Jesus Christ of Latter-day Saints. He was also a member of the board of Nauvoo Restoration from its founding in 1962 and advised David O. McKay. Harold B. Lee and other LDS Church leaders on banking matters. It was in part due to the advice of Kennedy that McKay restructured the management of Zions First National Bank so that the president of the church no longer held the title of president of the bank, with Orval Adams assuming that title.[4]

During these same years Kennedy also served as chairman of Mayor Richard J. Daley's Mayor's Committee for Economic and Cultural Growth in Chicago.[5] In 1957, Kennedy became a member of the Board of Trustees of the University of Chicago. While serving in this post he was involved in fundraising. In 1966 he was asked to head a fundraising drive for Brigham Young University. He worked on this project until becoming Secretary of the US Treasury.[6]

From 1961 until January 1969, Kennedy was a member of the board of trustees of the Brookings Institution. In 1963 he commissioned a house in Winnetka, Illinois.[7]

Government service

Kennedy served as a special assistant on debt management to Board of Governors of the Federal Reserve system from 1930 to 1946[8] ending up assistant to the Chairman.

In October 1962, President John F. Kennedy (no relation) appointed him a member of a private corporation (COMSAT) to own and operate the United States' share of a global satellite communication system. He was elected to the permanent board of directors in 1964.[9]

President Lyndon B. Johnson in 1969 appointed him chairman of the Commission on Budgetary Concepts, whose recommendations were adopted as standard government budgetary practice.

Kennedy was nominated by President Richard Nixon to be the 60th Secretary of the Treasury. He served from 1969 until 1971.

Kennedy served as the U.S. Ambassador to NATO from March 1972 to February 1973.

He founded the US-Taiwan Business Council in 1976, and served as its Chairman for fourteen years, until 1990.

Church service

He also served as a special representative of the First Presidency of The Church of Jesus Christ of Latter-day Saints.[10] This assignment required him to represent the church around the world, meeting with government and ecclesiastical leaders.

In 1985, the David M. Kennedy Center for International Studies at Brigham Young University opened and is named in his honor.

Kennedy died in Salt Lake City, Utah on May 1, 1996, from cardiovascular disease and the congestive heart failure, at the age of 90. Followed to death of his wife, Lenora Bingham, on August 24, 1995. He was interred in Randolph City Cemetery, near to his birthplace in Randolph, Utah.


  1. ^ M. Dallas Burnett (June 1986). "David M. Kennedy: Ambassador for the Kingdom".  
  2. ^ Palmer, Spencer J., The Expanding Church, (Salt Lake City: Deseret Book, 1978) p. 65
  3. ^ Sobel, Robert. Biographical Dictionary of the United States Executive Branch, 1774-1977, (Westport: Greenwood Press, 1977) p. 199-200
  4. ^ Hickman 1987, pp. 206-207
  5. ^ Hickman 1987, p. 211
  6. ^ Hickman 1987, pp. 213-215
  7. ^ Hickman 1987, pp. 215-216
  8. ^ Sobel, Robert. Biographical Dictionary of the United States Executive Branch, 1774-1977, (Westport: Greenwood Press, 1977) p. 199-200
  9. ^ "Stockholders Back COMSAT Management". St. Petersburg Times, Sept. 18, 1964. Retrieved 17 May 2009. 
  10. ^ "Who Is David M. Kennedy". About Us. David Kennedy Center for International Studies. Retrieved 2015-06-23. 


  • Hickman, Martin Berkeley (1987), David Matthew Kennedy: Banker, Statesman, Churchman, Deseret Book Co., in cooperation with the David M. Kennedy Center for International Studies,  

External links

  • David M. Kennedy Center for International Studies
  • Funeral of David M. Kennedy
Diplomatic posts
Preceded by
Robert Ellsworth
United States Permanent Representative to NATO
1972 – 1973
Succeeded by
Donald Rumsfeld
Political offices
Preceded by
Joseph W. Barr
U.S. Secretary of the Treasury
Served under: Richard Nixon

Succeeded by
John Connally
This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.

Copyright © World Library Foundation. All rights reserved. eBooks from Project Gutenberg are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.