Early life and education Treman was born in
Ithaca, New York on March 31, 1858, the oldest son of Elias Treman and Elizabeth Lovejoy Treman. Members of the Treman family played important roles in the history of Ithaca and the surrounding
Tompkins County over five generations from the late 18th century to the late 20th century. His family owned an iron foundry and had controlling interests in the
Ithaca Gas Light Company and the Ithaca Water Works. He attended Ithaca Academy and studied mechanical engineering at
Cornell University, graduating in 1878. At Cornell, Treman played baseball and became the
team's captain in his senior year. He also rowed on the
crew team, played
football, and was a member of the
Chi Phi fraternity.
Banking career Treman's father, Elias, was a partner in the hardware business started by his two brothers and a prominent business leader in the Ithaca community. After graduating from Cornell, Treman joined his father's business as salesman and eventually became a partner several years later. He became interested in banking early in his career and, in 1891, was elected as a director on the board of the
Tompkins County National Bank. He would go on to become the bank's president in 1901, a role in which he would stay for more than 30 years before becoming the chairman of the board and heading up a merger with the Ithaca Trust Company. In 1913, Treman was elected to the board of the directors of the
Federal Reserve Bank of New York. He would later serve as the deputy of the bank's first governor,
Benjamin Strong Jr., from 1916 to 1919 and took the role of acting governor when Strong was recovering from
tuberculosis during
World War I. He was also selected as the bank's representative to serve on the
Federal Advisory Council. Treman's term on the bank's board of directors ended on January 1, 1931.
Personal life Treman married Laura Hosie on June 24, 1885. The couple had two children, Robert Elias Treman and Allan Hosie Treman, both of whom attended Cornell University. Treman died on January 4, 1937, following a heart attack. == Cornell University trustee ==