The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
The Outreach and Education function engages, empowers and educates the Second District communities that the Bank serves, especially civic leaders, students, educators, small business owners, policymakers and the general public. It furthers the Bank's commitment to the region by listening to the communities we serve and leveraging our unique attributes to positively impact school and university programs, as well as analysis and research.
NEW YORK -- Jamie B. Stewart, Jr. has been appointed first vice president of the Federal Reserve Bank of New York beginning February 1, it was announced today.
The appointment, made by the board of directors of the New York Fed, was approved today by the Board of Governors of the Federal Reserve System in Washington.
Mr. Stewart, 54, will become the banks eighth first vice president, following the resignation last summer of Ernest T. Patrikis.
New York Fed President William J. McDonough said, "Jamie Stewart has a distinguished 27-year career in banking. He brings us senior managerial experience and strong knowledge of banking operations. I very much look forward to working with him."
Mr. Stewart resigned as vice chairman of the Mellon Bank Corporation and Mellon Bank, N.A., Pittsburgh, PA., on January 4. He was responsible for Mellon Banks overall wholesale banking and cash management activities. He began his career at Mellon Bank in 1988 as executive vice president in the Corporate Finance Group.
Prior to joining Mellon, Mr. Stewart worked as a senior vice president of the Bank of America and before that as executive vice president of Crocker National Bank, San Francisco.
He worked at the Bank of Boston from 1972 1985, rising to executive director of the Corporate Finance Division.
From 1966-1970, Mr. Stewart served as a surface line officer in the United States Navy.
Mr. Stewart has served on the board of directors of the U.S. Chamber of Commerce in Washington since February 1998. He also has served as treasurer and board member of the Pittsburgh Opera Company since March, 1993.
Mr. Stewart graduated from Dartmouth College with a B.A. degree in 1966. He earned an M.B.A. degree from Harvard Business School in 1972 and a J.D. degree from Suffolk Law School in Boston, MA. in 1980.
Mr. Stewart and his wife, Deborah, have two children and one grandchild. Their children both reside in New York City.