Eugene Emond
Encyclopedia
Eugene Patrick Emond was an Officer of the Federal Reserve Bank of New York
. During World War II
, he was one of the youngest Lieutenants (pilot) of the B-17 Flying Fortress Man O War II, Horsepower Ltd. (see nose art below).
. He was raised in the working class neighborhood of Washington Heights
and attended DeWitt Clinton High School
.
at RAF Bassingbourn
.
During Emond's first combat mission he flew as a tail gunner in the lead group. He flew as the co-pilot of the next few missions and then as pilot (the left seat) for the rest of his tour. Emond finished his tour around the middle of 1944 and was rotated back home to a base in Florida
. When the war ended he elected to stay in the service and was in the Philippines in June 1946. After his allotment of missions, Emond was later offered to become a lead air trainer in Florida. After a short stint training pilots, he decided to return to his job as a "runner" at the New York Federal Reserve.
Emond completed over 34 missions while leading Man O War II. He received the Distinguished Flying Cross
and the Air Medal
with 3 Oak Leaf Clusters and logged 1306 hours at the controls. He is considered to be one of the youngest Lieutenants to pilot a Fortress.
spanned 47 years. The first half of his career was spent as a Bank Examiner traveling throughout New York State. His post Bank Examination positions included being the first Officer in Charge of Operations and Technology, Officer in Charge of the Discount Window, Lead Trainer for Bank Examiners and Senior Officer in Charge of Special Projects. One of the special projects included assisting in the refinancing of the troubled Lockheed Company with investment banks (1970's). Emond was influential in establishing a more formal relationship between the Federal Reserve and the Bank of England
. He was also called upon to manage several special projects for the New York board.
One of the projects included assisting in the refinancing of the troubled Lockheed Air with investment banks. Also Gene was influential in establishing a more formal relationship between the Federal Reserve and the Bank of England.
.
- Grew up during the depression and he and his buddies would gather at a funeral polar (common at that time) called Sheehy's
- Brother-in-law was notable surgeon Dr. William Whalen - would later become President of Saint Vincent's Hospital
- His Brother Lawrence (Larry) become Chief Court Clerk for the New York Supreme Court (Bronx)
- Life long Yankee fan
- After his passing, family members found a letter addressed to Gene from George Schultz (Secretary of the Treasury)
thanking him for his work on the Lockheed "bailout"
- Cathy Minihan (ex president of the Boston Federal Reserve) worked for Gene at the New York Federal Reserve
Federal Reserve Bank of New York
The Federal Reserve Bank of New York is one of the 12 Federal Reserve Banks of the United States. It is located at 33 Liberty Street, New York, NY. It is responsible for the Second District of the Federal Reserve System, which encompasses New York state, the 12 northern counties of New Jersey,...
. During World War II
World War II
World War II, or the Second World War , was a global conflict lasting from 1939 to 1945, involving most of the world's nations—including all of the great powers—eventually forming two opposing military alliances: the Allies and the Axis...
, he was one of the youngest Lieutenants (pilot) of the B-17 Flying Fortress Man O War II, Horsepower Ltd. (see nose art below).
Early life and education
Eugene Patrick Emond was born January 11, 1921 to Eugene Emond and Mary McTague in New York CityNew York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
. He was raised in the working class neighborhood of Washington Heights
Washington Heights, Manhattan
Washington Heights is a New York City neighborhood in the northern reaches of the borough of Manhattan. It is named for Fort Washington, a fortification constructed at the highest point on Manhattan island by Continental Army troops during the American Revolutionary War, to defend the area from the...
and attended DeWitt Clinton High School
DeWitt Clinton High School
DeWitt Clinton High School is an American high school located in the Bronx, New York City, New York.-History:Clinton opened in 1897 at 60 West 13th Street at the northern end of Greenwich Village under the name of Boys High School, although this Boys High School was not related to the one in Brooklyn...
.
Military career
Emond enlisted in the Army during World War II, where he was trained as a B-17 Flying Fortress pilot. After training he was shipped to England to fly in the 91st Bomb Group91st Bomb Group
The 91st Bomb Group was an air combat unit of the United States Army Air Forces during the Second World War. Classified as a heavy bombardment group, the 91st operated B-17 Flying Fortress aircraft and was known unofficially as "The Ragged Irregulars" or as "Wray's Ragged Irregulars", after the...
at RAF Bassingbourn
RAF Bassingbourn
RAF Bassingbourn is a former military airbase located in Cambridgeshire approximately north of Royston, Hertfordshire and south west of Cambridge. During World War II it served first as an RAF station and then as a bomber base of the U.S. Eighth Air Force...
.
During Emond's first combat mission he flew as a tail gunner in the lead group. He flew as the co-pilot of the next few missions and then as pilot (the left seat) for the rest of his tour. Emond finished his tour around the middle of 1944 and was rotated back home to a base in Florida
Florida
Florida is a state in the southeastern United States, located on the nation's Atlantic and Gulf coasts. It is bordered to the west by the Gulf of Mexico, to the north by Alabama and Georgia and to the east by the Atlantic Ocean. With a population of 18,801,310 as measured by the 2010 census, it...
. When the war ended he elected to stay in the service and was in the Philippines in June 1946. After his allotment of missions, Emond was later offered to become a lead air trainer in Florida. After a short stint training pilots, he decided to return to his job as a "runner" at the New York Federal Reserve.
Emond completed over 34 missions while leading Man O War II. He received the Distinguished Flying Cross
Distinguished Flying Cross (United States)
The Distinguished Flying Cross is a medal awarded to any officer or enlisted member of the United States armed forces who distinguishes himself or herself in support of operations by "heroism or extraordinary achievement while participating in an aerial flight, subsequent to November 11, 1918." The...
and the Air Medal
Air Medal
The Air Medal is a military decoration of the United States. The award was created in 1942, and is awarded for meritorious achievement while participating in aerial flight.-Criteria:...
with 3 Oak Leaf Clusters and logged 1306 hours at the controls. He is considered to be one of the youngest Lieutenants to pilot a Fortress.
Career
Emond's career at the Federal Reserve Bank of New YorkFederal Reserve Bank of New York
The Federal Reserve Bank of New York is one of the 12 Federal Reserve Banks of the United States. It is located at 33 Liberty Street, New York, NY. It is responsible for the Second District of the Federal Reserve System, which encompasses New York state, the 12 northern counties of New Jersey,...
spanned 47 years. The first half of his career was spent as a Bank Examiner traveling throughout New York State. His post Bank Examination positions included being the first Officer in Charge of Operations and Technology, Officer in Charge of the Discount Window, Lead Trainer for Bank Examiners and Senior Officer in Charge of Special Projects. One of the special projects included assisting in the refinancing of the troubled Lockheed Company with investment banks (1970's). Emond was influential in establishing a more formal relationship between the Federal Reserve and the Bank of England
Bank of England
The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694, it is the second oldest central bank in the world...
. He was also called upon to manage several special projects for the New York board.
One of the projects included assisting in the refinancing of the troubled Lockheed Air with investment banks. Also Gene was influential in establishing a more formal relationship between the Federal Reserve and the Bank of England.
Marriage, Children and Grandchildren
Emond married the former Alice Whalen. The couple had five children together: Eugene Edward, Randall George, Elizabeth Jane, Gary Micheal and Douglas William. After his wife's death in 1972, he raised their two youngest sons on his own. Grand children of Eugene are Edward Heinrich, Stacy Heinrich Melendy, Julia Heinrich Sanders, Alice Heinrich, Allyson Emond Kiss, Christopher Emond, Gregory Emond, Catherine Emond and Patrick Emond.Death and afterward
Eugene Emond died on January 28, 1989 in Pittsburgh, PennsylvaniaPittsburgh, Pennsylvania
Pittsburgh is the second-largest city in the US Commonwealth of Pennsylvania and the county seat of Allegheny County. Regionally, it anchors the largest urban area of Appalachia and the Ohio River Valley, and nationally, it is the 22nd-largest urban area in the United States...
.
- Grew up during the depression and he and his buddies would gather at a funeral polar (common at that time) called Sheehy's
- Brother-in-law was notable surgeon Dr. William Whalen - would later become President of Saint Vincent's Hospital
- His Brother Lawrence (Larry) become Chief Court Clerk for the New York Supreme Court (Bronx)
- Life long Yankee fan
- After his passing, family members found a letter addressed to Gene from George Schultz (Secretary of the Treasury)
thanking him for his work on the Lockheed "bailout"
- Cathy Minihan (ex president of the Boston Federal Reserve) worked for Gene at the New York Federal Reserve