Jamie B. Stewart, Jr. was previously President and CEO of the Federal Farm Credit Banks Funding Corporation, based in Jersey City, NJ., since January 2004.
[1] During a portion of his tenure with the Fed, there was no president of this branch of the Federal Reserve due to the resignation of William J. McDonough in 2003.
McDonough was not replaced until November 2003,[2] at which point he was succeeded by Timothy Geithner.
Due to this situation, Stewart served as acting governor from June through December 2003, and had voting rights on the Federal Open Market Committee, which was headed at that time by Alan Greenspan.
[4] Jamie B. Stewart started his professional career with the United States Navy as a surface line officer from 1966-1970.