Former Fed official Edward W. ‘Mike’ Kelley Jr. dies at 84
WASHINGTON — Edward W. “Mike” Kelley Jr., who served 14 years as a member of the Federal Reserve Board and was instrumental in modernizing the banking operations of the Federal Reserve system, has died. He was 84.
Kelley, whose death was confirmed Monday by the Fed, for many years ran a Houston manufacturing and services company. President Ronald Reagan appointed him to the seven-member Fed board in 1987. He was reappointed by President George H.W.