Preston Martin (December 5, 1923 – May 30, 2007) was an American economist and banker who served as the 12th vice chairman of the Federal Reserve from 1982 to 1986.

His exemplary performance at the state level led to President Nixon appointing him as chairman and chief operating officer of the Federal Home Loan Bank Board in 1969.

[2] During his years at the Fed, Martin was known as a Reagan loyalist who challenged Chairman Paul Volcker's tough anti-inflation policies.

Martin was considered as a possible successor to Paul Volcker as chairman of the Federal Reserve, but Alan Greenspan was appointed instead.

Martin returned to San Francisco and created Western Holdings, acquiring failing savings & loans all around the Pacific rim.