Preston Brady Delano (April 2, 1886 – August 31, 1961) was a United States Comptroller of the Currency from October, 1938 to 1953.
[1] He inherited this Office from an Acting Comptroller of the Currency from April 1938 to September 1938 named Marshall R. Diggs.
Delano was a businessman, investment counselor, and served as governor of the Home Loan Bank Board when appointed Comptroller by President Franklin D. Roosevelt.
He was responsible for preserving and stabilizing the national banks during the Second World War, which vastly increased the volume of money needed for war expenditures, subsequently causing government debt to rise substantially.
[5] Another relative is his fourth cousin, once removed Columbus Delano, a United States Congressman from Ohio; This article about an American businessperson born in the 1880s is a stub.