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William McDonough, N.Y. Fed Chief in Twin Crises, Dies at 83

  • Greenspan describes him as formidable force in world economy
  • McDonough was also first chairman of public accounting board
William McDonough in 2007.

William McDonough in 2007.

Photographer: Daniel Acker/Bloomberg

Updated on

William J. McDonough, whose decade-long tenure as Federal Reserve Bank of New York president included dealing with the market scare of Long-Term Capital Management LP and the aftermath of the Sept. 11 terror attacks, has died. He was 83.

He died Jan. 22 at his home in Waccabuc, New York, according to a statement released Thursday by the New York Fed. No cause was given.