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Higher Education
Texas Council on Economic Education
News Release
Monday, October 10, 2011

RADM Robert Smith III Joins TCEE Board

Rear Admiral Robert Smith III U. S. Navy (Retired) has joined the Board of the Texas Council on Economic Education (TCEE).  Smith, president and CEO of Texas A&M University, Galveston, served almost 35 years (from 1962 until 1996) both in active and reserve duty in the U. S. Navy.  Before his retirement, he served as chief of staff of the U. S. Pacific Fleet in Pearl Harbor, Hawaii. 

Prior to accepting the position at Texas A&M and after serving in a variety of positions of increasing responsibility including special appointments with the Federal Reserve Bank, Smith served as the senior vice-president in charge of the Houston Branch of the Federal Reserve Bank of Dallas from 1987 until 2011. 

A 1961 graduate of Texas A&M in agricultural economics,  he graduated from the School of Banking of the South at Louisiana State University and attended the John F. Kennedy School of Government at Harvard University. 

Smith joins six other TCEE board members.  Carol Trout, Trout Foundation, serves as chair of the board; Joe Adams, Union Pacific Railroad; John Anderson, Anderson Investments; James Cooper, Cooper, Inc.; Laura Jaramillo, Wells Fargo Bank; Sherry Kiser, Federal Reserve Bank of Dallas.

“In his capacity of leadership at the Houston Branch of the Federal Reserve, Bob was always a strong advocate for the council’s effort,” Trout noted.       “Now we look forward to his guidance as a member of our board.  His strong ties to education and the business community will be a significant asset for our organization as we work together to promote economic literacy among Texas students.”

“Bob Smith’s leadership and dedication to education and financial literacy is a meaningful addition to the TCEE’s ability to serve Texas teachers and students,” stated board member Cooper.

Bob Smith says, “I am honored to join the distinguished members of the TCEE Board.  Young people today have a critical need to be familiar with the skills necessary for financial responsibility.  Through service on the Board, I aim to assist TCEE in pursuing successful programs in this regard.  This not only benefits the individual participants but also the economy as a whole. “

The Texas Council on Economic Education provides educators with staff development in economics, financial literacy and entrepreneurship.  In response to the consumer debt issues that have played a strong role in the causes of the recent recession and slow recovery, the council has initiated a Smarter Texas program with the goal of educating students from kindergarten through grade 12 in financial literacy.  This initiative addresses the requirements recently mandated by the Texas legislature that grades k-8 students be provided lessons on financial literacy in math class and that seniors receive instruction in senior level economics courses prior to graduation. In addition, TCEE offers three direct student programs.  The Stock Market Game ™ offers lessons on investments and research has shown that students participating in a simulation such as this have improved math scores on standardized tests.  More than 35,000 students participate in the simulation each year.  Economics Challenge and PFL Challenge are online tests in which students compete in teams for the top winning statewide score and the opportunity to compete at the national level.

“The Texas Council on Economic Education (TCEE) is very fortunate to have a board that understands the importance of financial and economic education and so strongly supports its statewide outreach to educators and students,” Laura Ewing, president of TCEE stated.  “Bob Smith will also bring a wealth of knowledge and strong support to the mission and vision of the Texas Council.”

Remembering Jim Guidry

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