From the Hungarian Wikipedia page [1]
Ferenc Farkas (Targu Mures, November 4 1903- Budapest-January 22 1966) bank official, politician, newspaper editor and publisher, member of the government of Imre Nagy, National Peasant Party 's number one economic expert, and from 1945 to 1949 holder of a number of important economic posts.
Descendant of Székely woodcutter family. He went to elementary school and secondary school in his hometown, then from 1916 in Budapest where he graduated in 1921 and studied economics at the University of Applied Sciences. After completing his studies, he became a bank clerk. He was one of the founders of the March Front in 1937, and later in 1939 the National Peasant Party. Between 1938 and 1944 he worked as editor and publisher of Free Word.
Between 1945 and 1949 he was a member of the Provisional National Assembly and then the Parliament. He has held various positions in the Peasant Party and was a member of the governing bodies. In the beginning, he represented the leftist side of the communist-independent lineage and later supported Ferenc Erdei's policy. Between 1945 and 1949, he also served as the Chairman and CEO of the National Land Credit Institution. From 1945 he was on the the National Economic Council, from 1947 on the Economic Council and from 1948 the High Council of the National Bank of Hungary. He held many other important economic positions (eg the Chairman of the National Labor Wage Board). The 1949 election and after, so frightened him that he attempted suicide in persecution in 1950. Although he had survived without health damage, he remained in sickness until 1953. In July of that year, he became the Head of the Savings and Learners' Savings Bank within the National Savings Bank. In the autumn of 1956 he joined the public life again and became a member of the Patriotic Popular Front.
During the 1956 Revolution, he participated in the reconstruction of the National Peasant Party under the name Petőfi Párt. 1956 . On November 1, he became the secretary general of the Petőfi Party and became a secretary of state, István Bibó, in the government of Imre Nagy. He participated in the Multiple Party, 1956. in a memorandum of 8 December to the Ambassador of India to Moscow. On May 9, 1957, he resigned from his position as Party Secretary because it had become clear that other parties outside the state party could not function in the country. In 1958 he retired.