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

FEDERAL RESERVE SYSTEM

336

WASHINGTON
A D D R E S S OFFICIAL C O R R E S P O N D E N C E
TO THE BOARD

December 22+, I9I1-I

Dear Sir:
In accordance with the usual practice, please furnish the Board with a summary statement shewing the number and
salaries of officers and employees of your Bank (including
Branches, if any) as of December 31, 19^1, made out in accordance with the attached form. The figures, which should not
include any changes in either the number or salaries of officers and employees that become effective on January 1, 19^2,
will be published in the Board1 s 19I1I annual report. In compiling this statement please include supplemental compensation,
if any, in effect or paid December 31, 19i'l> adjusted to an
annual basis.
The summary statement of employees by salary groups,
submitted in accordance with the Board 1 s letter of November 23,
1936, X-97l;6, should also include supplemental compensation, if
any, at the rate in effect January 1, 19i'2, or if no such rate has
been established at the rate, if any, in effect on December 31,
19l.il. The salaries shown in the list of employees on January 1,
19lt2, also furnished in accordance with the above-mentioned letter,
should be exclusive of supplemental compensation, however, A
statement as o f January 1, 19l'2, outlining the plan under which
any supplemental compensation is being paid will be appreciated.
Very truly yours,

E . L. Smoad, Chief,
Division of Bank Operations.

Enclosure

http://fraser.stlouisfed.org/
TO THE PRESIDENTS OF A L L FEDERAL RESERVE B A H S
Federal Reserve Bank of St. Louis

337
R-9l<0a
NUMBER JiND SALARIES OF OFFICERS AI:D EMPLOYEES OK TIE
FEDERAL RESERVE BANK OF
_•
(INCLUDING BRdJvCHSS)
December ^1, 19Ul
Total officers
and employees
including those
whose salaries
are reimbursed
to the bank in
whole or in part

Officers and employee s (included
in column l) whose
salaries are reimbursed to the bank
in whole or in
partf a)

Annual salary of President
Other officers:
Number
Annual salaries fb)
Employees, both permanent and
temporary:
Number fc)
Annual salaries (b)

(a) Should represent aggregate of fractional amounts ir the case of employees
whose salaries are only partly reimbursed to the bark. For example, if
25 per cent of tie salary of an employee receiving $1,200 a year is reimbursed to the bank, .2F- 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) Including supplemental compensation, if any, adjusted to an annual basis,
paid as of December %1, 19lil.
(c) 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*