Full text of Mimeograph Letters and Statements of the Board : Letter From E. L. Smead, Chief, Division of Bank Operations, re Statement on Number and Salaries of Officers and Employees of Federal Reserve Banks to Be Submitted, Number R-738, Volume 53, Page 226

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226

BOARD OF G O V E R N O R S
OF THE

FEDERAL RESERVE SYSTEM

R-733

WASHINGTON
ADDRESS

OFFICIAL C O R R E S P O N D E N C E
TO THE

December 3 , 1940

Dear Sir*
In accordance with the usual practice, please
furnish the Board with a summary statement showing the
number and salaries of officers and employees of your
bank (including branches, if any) as of December 3 1 , 1940,
made out in accordance with the attached form.

The

figures/ which should not include any changes in either
the number of salaries of officers or employees that
become effective on January 1, 1941, will be published
in the Board's 194C Annual Report,,
Very truly yours,

E. L. Smead, Chief 9
tie
Lie u n l t S c l U . y U a U - G J .
Division of Bank Operations*
Enclosure

TO THE PRESIDENTS OF ALL FEDERAL RESERVE BANKS




BOARD

227
R~73Sa

NUMBER AND SALARIES OF OFFICERS AND EMPLOYEES OF THE
FEDERAL RESERVE BANK OF
(INCLUDING BRANCHES)
December 31, 1940
Total officers
and employees
including those
whose salaries
are reimbursed
to the bank in
whole or in part
Annual salary of President

Officers and
employees (included in column
l) whose salaries
are reimbursed to
the bank in whole
or in part(a)

1

Other officers1
Number
Annual salaries

$
_
$

$

$

$

Employees, both permanent and
temporaryi
Number (b)
Annual salaries

(a) Should represent aggregate of fractional amounts in the case of
employees whose salaries are only partly reimbursed to the bonk.
For example, if 25 per cent of the salary of an employee receiving
$1,200 a year is reimbursed to the bank, ,25 should be included in
the computation of the "number" of employees, and the amount of
salary reimbursed, $300> should be included in the computation of
the annual salaries.
(b) In the case of part—time employees, i.e., employees who are regularly
engaged for less than a full day, the "number" reported should
represent the portion of the full day worked. For example, if any
employee is regularly engaged for one-half of the usual working day,
.50 should be included in the computation of the "number" of
employees.