For immediate release: May 9, 2018
Merrill Stewart Jr., founder and president of the Stewart/Perry Company Inc., has been appointed to the board of directors of the Federal Reserve Bank of Atlanta's Birmingham Branch. Stewart is completing an unexpired term that began April 17, 2018, and ends December 31, 2019.
Stewart has served as founder and president of the Stewart/Perry Company Inc. since 1984. He is a director of Birmingham Landmarks Inc. and a member of the Auburn University Research Park Advisory Board, DesignAlabama Board of Directors, the Boy Scouts of America Greater Alabama Council Executive Board, the Auburn University Master of Real Estate Development Advisory Board, the Community Foundation of Greater Birmingham Regional Cooperation Council, the University of Alabama at Birmingham Athletics Foundation, the Cahaba River Society, and the Urban Land Institute of Alabama. He also serves as an adviser for the University of the South's Beyond the Gates program and Camp Winnataska's Capital Campaign Cabinet. Stewart is a former director for the Highlands School.
Stewart received his bachelor's degree from Auburn University.
Federal Reserve Bank of Atlanta branch directors provide economic information about the branch territory to the district bank's president and head office directors, who use the information in discussing monetary policy options and making discount rate recommendations. Stewart was appointed by the Federal Reserve Board of Governors in Washington DC. The Board of Governors appoints three of the Birmingham Branch directors, and the Atlanta head office directors appoint four.