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Frederick Henry Schultz (January 16, 1929 – November 23, 2009) was an American businessman, politician, and central banker. He served as the Vice Chairman of the Federal Reserve System under United States President Jimmy Carter. Schultz also served as Speaker of the Florida House of Representatives in 1969 and 1970.[1]

Frederick H. Schultz
Frederick Schultz.jpg
Vice Chairman of the Federal Reserve
In office
Preceded byStephen S. Gardner
Succeeded byPreston Martin
Speaker of the Florida House of Representatives
In office
Preceded byRalph Turlington
Succeeded byRichard A. Pettigrew
Personal details
BornJanuary 16, 1929
Jacksonville, Florida
DiedNovember 23, 2009(2009-11-23) (aged 80)
Jacksonville, Florida
Political partyDemocratic Party
ChildrenFrederick Schultz Jr., Clifford Schultz, Catherine Schultz McFarland, John Schultz
ProfessionVenture Capitalist


Early life and educationEdit

Schultz attended Princeton University for college and graduated with his bachelor's degree in 1952. Schultz served as an artillery officer in the United States Army during the Korean War from 1952 to 1954, and was awarded the Bronze Star. Schultz later attended the University of Florida College of Law, graduated with his law degree in 1956.[1]


Schultz was elected in Jacksonville and served in the Florida House of Representatives from 1963 to 1970; his last two years as Speaker. President Jimmy Carter appointed him to the Board of Governors in 1979 and he was Vice Chairman for the Federal Reserve System until 1982. In addition, he also served as Chairman of the Florida Institute of Education from 1983 to 1987.[2]

On November 23, 2009, Schultz died of Prostate cancer at his Jacksonville home at age 80.[1]

External linksEdit


  1. ^ a b c Jacksonville civic leader Schultz dies The Florida Times-Union (Jacksonville)
  2. ^ Federal Reserve Info Archived February 18, 2012, at the Wayback Machine
Government offices
Preceded by
Stephen S. Gardner
Vice Chairman of the
Federal Reserve System

Succeeded by
Preston Martin