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History of the Treasury

Secretaries of the Treasury


Picture of W. Michael Blumental

W. Michael Blumenthal

Jan. 23, 1977 to Aug. 4, 1979
Under President Carter

W. Michael Blumenthal was sworn in on January 23, 1977, as the 64th Secretary of the Treasury. President Carter nominated him on December 14, 1976, when he was Chairman and Chief Executive Officer of The Bendix Corporation.

Mr. Blumenthal joined Bendix, a worldwide manufacturer serving the automotive, aerospace-electronics, industrial-energy and shelter markets, in 1967. Five years later, he was elected Chairman, President and Chief Executive Officer.

Prior to joining The Bendix Corporation, Mr. Blumenthal served as the President's Deputy Special Representative for Trade Negotiations with the rank of Ambassador from 1963 to 1967. In this capacity he served as Chairman of the U.S. Delegation to the Kennedy Round of Trade Negotiations.

Mr. Blumenthal first served in the government from 1961 to 1963 as Deputy Assistant Secretary of State for Economic Affairs. During that time he was Chairman of the United States Delegation, which negotiated the Long-Term Cotton Textile Agreement, Chairman of the United States Delegation which negotiated the International Coffee Agreement, and served as United States Representative to the United Nations Commission on International Commodity Trade.

From 1957 to 1961, Mr. Blumenthal was a Vice President and Director of the Crown Cork International Corporation.

Mr. Blumenthal was born in Oranienburg, Germany, on January 3, 1926, and spent his childhood years in Germany and China, moving to the United States in 1947 at the age of 21. He graduated Phi Beta Kappa from the University of California at Berkeley in 1951 with a B.S. degree in international economics. He later attended Princeton University where he received three degrees: a M.P.A. in Public Affairs, a M.A. in Economics, and a Ph.D in Economics. From 1954 to 1957, he taught economics at Princeton University.

He served as a member of numerous boards and commissions. During 1975 and 1976, Mr. Blumenthal was Chairman of the Michigan Economic Action Council, a study group created to find solutions to the State's economic problems. He served as Director of the Economic Club of Detroit, The Atlantic Council of the United States, the Council on Foreign Relations and the National Council for United States-China Trade. He was a trustee of Princeton University.