John Howard Dalton

John Howard Dalton (born 1941) is a U.S. administrator and banker. Year 1941 ( MCMXLI) was a Common year starting on Wednesday (the link will display 1941 calendar of the Gregorian calendar. The United States of America —commonly referred to as the Independent agencies of the United States government are those that exist outside of the departments of the Executive branch. A banker or bank is a Financial institution whose primary activity is to act as a payment agent for customers and to borrow and lend money Dalton was Secretary of the Navy from July 22, 1993 to November 16, 1998. The United States Secretary of the Navy ( SECNAV) is the Civilian head of the Department of the Navy. Events 1099 - First Crusade: Godfrey of Bouillon is elected the first Defender of the Holy Sepulchre of The Kingdom of Year 1993 ( MCMXCIII) was a Common year starting on Friday (link will display full 1993 Gregorian calendar) Events 534 - A second and final revision of the Codex Justinianus is published Year 1998 ( MCMXCVIII) was a Common year starting on Thursday (link will display full 1998 Gregorian calendar)

Education and Navy service

Dalton attended Louisiana State University for a year before transferring to the U.S. Naval Academy. Louisiana State University and Agricultural and Mechanical College, generally known as Louisiana State University or LSU, is a public, Coeducational The United States Naval Academy is an undergraduate college in Annapolis, Maryland, United States that educates and commissions officers of the United States He graduated with distinction from Annapolis in 1964 and was a finalist in the Rhodes Scholarship competition. Annapolis is the capital of the US state of Maryland, as well as the County seat of Anne Arundel County. Year 1964 ( MCMLXIV) was a Leap year starting on Wednesday (link will display full calendar of the 1964 Gregorian calendar. Rhodes Scholarship Rhodes scholar redirects here Rhodes Scholar redirects here Rhodes scholars After graduating from Annapolis, Dalton served in the Navy from 1964 to 1969. Year 1964 ( MCMLXIV) was a Leap year starting on Wednesday (link will display full calendar of the 1964 Gregorian calendar. Year 1969 ( MCMLXIX) was a Common year starting on Wednesday (link will display full calendar of the Gregorian calendar. During the that time he received naval nuclear power training and served aboard the submarines USS Blueback (SS-581) as the Supply and Commissary Officer and USS John C. Calhoun (SSBN-630) as the Main Propulsion Assistant, Communications Officer and Weapons Officer. A submarine is a Watercraft that can operate independently below water as distinct from a Submersible that has only limited underwater capability 1960s After fitting out Blueback got underway in January 1960 for a series of acceptance trials in the Gulf of Mexico. He attained the rank of lieutenant while on active duty and was promoted to Lieutenant Commander while in the U.S. Naval Reserve. Military rank is a system of hierarchical relationships in Armed forces or civil institutions organized along military lines Lieutenant (abbreviated Lt or Lieut) is a Military, Naval, Paramilitary, Fire service, Emergency medical services Lieutenant Commander ( Lieutenant-Commander in the Royal Navy) is a Commissioned officer rank in many navies Superior The United States Navy Reserve, until 2005 known as the United States Naval Reserve, is the reserve component of the United States Navy.

Business career

After leaving the Navy Dalton ran the San Antonio, Texas office of the Little Rock, Arkansas-based Stephens Inc. investment banking firm. Little Rock is the Capital and the most populous city of the U Stephens Inc is a full service privately owned Investment bank based in Little Rock Arkansas. Investment banks profit from companies and governments by raising money through issuing and selling Securities in the Capital markets (both equity and Prior to his employment at Stephens Inc. , he was Managing Director of Best Associates and Mason Best Company, merchant banking firms headquartered in Houston and Dallas respectively. In 1971, Dalton received a Master of Business Administration degree from the Wharton School of the University of Pennsylvania. The Master of Business Administration ( MBA) is a Master's degree in Business administration, which attracts people from a wide range of academic disciplines The University of Pennsylvania (also known as Penn) is a private University located in Philadelphia, Pennsylvania, USA.

From 1984 to 1988 Dalton served as Chairman and Chief Executive Officer of Freedom Capital Corporation in San Antonio, and President of the Sequin Savings Association. Prior to this position, he was President of the Real Estate Division of the Gill Companies of San Antonio. President Carter nominated Dalton to the Federal Home Loan Bank Board in December 1979, where he served as a member and chairman until July 1981. The Federal Housing Finance Board, also known by the abbreviation FHFB, was an independent agency of the U Year 1979 ( MCMLXXIX) was a Common year starting on Monday (link displays the 1979 Gregorian calendar) Year 1981 ( MCMLXXXI) was a Common year starting on Thursday (link displays the 1981 Dalton was President of the Government National Mortgage Association of the U.S. Department of Housing and Urban Development before being appointed to the Bank Board. The Government National Mortgage Association ( GNMA, also known as Ginnie Mae) is a U The United States Department of Housing, often abbreviated HUD, is a Cabinet department of the United States federal government. He began his public service career after serving with the investment banking firm of Goldman, Sachs & Company in Dallas, Texas. The Goldman Sachs Group Inc, or simply Goldman Sachs ( is a large global Bank holding company that engages in Investment banking securities

Since January 2005, Dalton has been President of the Housing Policy Council at The Financial Services Roundtable. ^[1]

Trivia

• A speech that Dalton gave in 1997, citing a "true story" about the USS Constitution is actually an urban legend. Construction In August 1785 after the Revolutionary War drew to a close Congress sold, the last ship remaining in the Continental Navy. An urban legend or urban myth is a form of modern Folklore consisting of stories thought to be factual by those circulating them

References

• The Banking, Navy service and Education portions of this article are based on public domain text from the US Navy. The public domain is a range of abstract materials &ndash commonly referred to as Intellectual property &ndash which are not owned or controlled by anyone

Notes