Madeline McWhinney Dale

Madeline McWhinney Dale (March 11, 1922 – June 19, 2020) was an American economist and banker who became the first female officer of the Federal Reserve Bank. After a 30-year-career with the Federal Reserve, McWhinney Dale assumed leadership roles within a wide range of organizations including president of the First Women's Bank of New York City, member of the New Jersey State Casino Control Commission, chief financial officer of the Whitney Museum of American Art, governor the American Stock Exchange, chairman of the Charles F. Kettering Foundation, and board member of the Atlantic Energy Corporation and Carnegie Corporation.

Personal life and family Born Madeline Houston McWhinney in Denver, Colorado on March 11, 1922, she was the first of seven children born to Leroy McWhinney and Alice Barse Houston. Her father was an attorney and president of the International Trust Company, a Denver bank, and her mother was a graduate of Smith College. Under McWhinney Dale's leadership the First Women's Bank established a library for consumers and education programs that included counseling on investment, insurance, and financial planning.

McWhinney Dale resigned from the First Women's Bank in 1976 unhappy with ongoing conflicts between running a financially successful bank and with the feminist mission of some board members. Her experience working with the Casino Control Commission later led to work on the Advisory Committee on Professional Ethics of the New Jersey Supreme Court.

In 1983, McWhinney Dale became the chief financial officer for the Whitney Museum of American Art.