Federal Reserve bank pay & staffing trends

A new report from the Financial Markets Center, published Tuesday 18 July, says that the last decade has seen the Fed lose almost 20% of the jobs at its regional Reserve Banks. At the same time, it says, average pay levels have risen for the remaining employees and soared for Reserve Bank presidents.

"Between 2001 and 2005, the biggest job-losers among the 12 regional Reserve Banks (including branches) were FRB Chicago and FRB San Francisco, which reduced the number of their FTE non-officer

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