Emmett J. Rice, Former Fed Governor, Is Dead at 91

Emmett J. Rice, a former Federal Reserve governor, World Bank executive and adviser on economic development who helped Nigeria set up its banking system in the 1960s, died on March 10 at his home in Camas, Wash. He was 91.  In the early 1950s, while an assistant  in the economics department at the University of California, Berkeley, Dr. Rice received a Fulbright fellowship that took him to India, where he became a research associate at the Reserve Bank of India. His studies of economic development there became the basis for his doctoral dissertation.