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BOARD OF GOVERNORS R-360 243 IJF" THE FEDERAL RESERVE SYSTEM WASHINGTON ADDRESS OFFICIAL. CORRESPONDENCE TO THE SOARD December 16, 1938. SUBJECT 1 Sur:u:w.ry Stater.1ent of Federo.l Reserve Ba.nk Personnel. Dear Sirt In accordance with the usual practice, please furnish the Board with a sunr:ary statenent shotling the n'll.rlber and solaries of officers and enployees of your bank (including branches, if any) us of Decenber 31, 1938, nade out in accordance with the attached forn. The figures, nhich should not ixlude any changes in either the number or salaries of officers or (mployees that bocone cffoctive on January 1, 1939, will be published in the Board's 1938 Annual Report. Vcry truly yours, .,. E~ Lo Smead, Chief, Division of Btlnk upero.tions. Inclosure TO PRESIDE!ITS OF ALL FEDERAL RESERVE BANKS R-560-a 244 HUMBER AND SALARIES OF OFFICERS AIID mPLOYEES OF THE FEDERAL RESERVE BANK OF (I!JCLUDING BRAIJCHES) December 31, 1938 Total officers and employees including those whose salaries are reimbursed to the bank in uhole or in part Annual salary of President Officers and employees (in--e eluded in column 1) whose salaries are reimbursed to the bank in v.rhole or in part (a) ------ $ Other officers: !Jumber Annual salaries Employees, both permanent a.'ld temporary a Humber (b) .Annual salaries (a) Should represent aggregate of fractional amounts in the case of employees Whose salaries are only partly reimbursed to the bank. For example, if 25% 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 "numbern 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 f'ull day, the "number" reported should represent the portion of the full day >vorked. For ~ ample, if any employee is regularly engaged for one-half of the usual '!irorking day, .50 should be included in the computation of the 11 number11 of employees.
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