Fernand St. Germain

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Fernand Joseph St Germain
Fernand St. Germain.jpg
Member of the U.S. House of Representatives
from Rhode Island's 1st district
In office
January 3, 1961 – January 3, 1989
Preceded by Aime Forand
Succeeded by Ronald Machtley
Member of the Rhode Island House of Representatives
In office
Personal details
Born (1928-01-09)January 9, 1928
Blackstone, Massachusetts
Died August 16, 2014(2014-08-16) (aged 86)
Newport, Rhode Island
Political party Democratic Party
Alma mater Providence College
Boston University Law School
Occupation Attorney

Fernand Joseph St Germain (January 9, 1928 – August 16, 2014) was a U.S. Representative from Rhode Island.

Born in Blackstone, Massachusetts, he was raised and attended parochial schools in Woonsocket, Rhode Island. He graduated from Our Lady of Providence Seminary High School, 1945, and from Providence College, 1948. He served in the United States Army from 1949 to 1952, and then graduated from Boston University Law School, 1955.

St Germain was elected to the Rhode Island House of Representatives from 1952 to 1961. He was admitted to the bar and commenced the practice of law in Rhode Island in 1956.

St Germain was elected as a Democrat to the Eighty-seventh and to the thirteen succeeding Congresses (January 3, 1961 – January 3, 1989). He served as chairman of the Committee on Banking, Finance, and Urban Affairs (Ninety-seventh through One Hundredth Congresses); the Garn–St. Germain Depository Institutions Act of 1982 is named after him.[citation needed]

St Germain played a role in passing legislation which removed some regulations on savings and loans. The deregulation had the effect of enabling the institutions to engage in risky lending practices, and was the key factor in the creation of the savings and loan crisis. He proposed an amendment to raise the FSLIC insurance on S & L accounts from $40,000 to $100,000 (at the time an average account balance was $6,000), bringing the proposal to the floor of the House of Representatives at midnight when only eleven other congressmen were present. It was voted for unanimously.[citation needed]

St Germain was defeated by Republican Ronald K. Machtley in the election of the One Hundred First Congress in 1988. [1]


A resident of Newport, Rhode Island, St Germain died of kidney failure on August 16, 2014 at his home in Newport.[2][3]


  1. ^ Dendy, Dallas L. (1989). "Statistics of the Presidential and Congressional Election of November 8, 1988" (PDF). Office of the Clerk. U.S. House of Representatives. 
  2. ^ Linda Borg. "Former RI Congressman Fernand St Germain has died". Providence Journal. Retrieved August 18, 2014. 
  3. ^ Bernstein, Adam (18 August 2014). "Former congressman Fernand J. St Germain dies at 86". Washingtonpost.com. Retrieved 23 April 2018. 

External links[edit]

U.S. House of Representatives
Preceded by
Aime Forand
Member of the U.S. House of Representatives
from Rhode Island's 1st congressional district

Succeeded by
Ronald Machtley
Political offices
Preceded by
Henry S. Reuss
Chairman of the House Banking, Finance and Urban Affairs Committee
Succeeded by
Henry B. Gonzalez

 This article incorporates public domain material from the Biographical Directory of the United States Congress website http://bioguide.congress.gov.