Far Eastern University (FEU) in the University Belt area, West Sampaloc, City of Manila, is a nonsectarian, private university in the Philippines. Created by the merger of Far Eastern College and the Institute of Accountancy (now Institute of Accounts, Business and Finance), FEU became a university in 1934 under the guidance of first president Dr. Nicanor I. Reyes, Sr. It has been noted as the leading proprietary (for profit) university in the Philippines.