Financial Update (First Quarter 2002)
Atlanta Fed Board
New and Returning Members Welcomed to Atlanta Fed Board
he Federal Reserve Bank of Atlanta recently greeted three new members of its board of directors. David M. Ratcliffe, president and chief executive officer of Georgia Power Co. and executive vice president of Southern Co.; Egbert L.J. Perry, founder, chairman and chief executive officer of The Integral Group LLC; and James F. Beall, chairman of the board and president of Farmers & Merchants Bank of Centre, Ala., began their terms on the Atlanta Fed’s board on Jan. 1.
In other board news, Suzanne E. Boas, president of Consumer Credit Counseling Service Inc., was re-elected to a second consecutive term, which also began on Jan. 1. All the terms run through Dec. 31, 2004.
Perry founded The Integral Group LLC in 1992. The company is involved in major urban mixed-use and mixed-income projects in Atlanta and other cities in Georgia as well as Baltimore, Washington, D.C., Richmond, Memphis, Birmingham and Denver. Perry was previously president of H.J. Russell & Co. He is on the board of trustees of the Atlanta International School, the University of Pennsylvania, Children’s Healthcare of Atlanta, the National Housing Center, the Herndon Foundation and the advisory council for The Trust for Public Land.
Beall has served as chairman of the board and president of Farmers & Merchants Bank of Centre, Ala., since 1993. He was vice chairman of the board of National Bank of Commerce of Birmingham, Ala., from 1985 to 1993 and president of MetroBank of Birmingham from 1974 to 1985. Beall is a member of the American Bankers Association’s Investment Advisory Committee and Government Relations Council. He is also involved with the Alabama Bankers Association and previously served as treasurer and board member of the American Bankers Association.
Federal Reserve directors
The board of directors of the Federal Reserve Bank of Atlanta oversees the management of the bank’s operations. Board members also contribute to the formulation of U.S. monetary policy through the economic information they provide the bank’s president and by recommending changes in the discount rate.