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: FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE TO THE FEDERAL RESERVE BOARD November 18, 1924. X-4190 9UBJECT: Bank S a l a r i e s . Dear S i r : In accordance with previous p r a c t i c e and in view of Section 4 of the Federal Reserve Act which provides that any compensation t h a t may be provided by boards of d i r e c t o r s of Federal reserve banks f o r d i r e c t o r s , o f f i c e r s or employees shall be subject to the approval of the Federal Reserve Board, i t i s r e quested t h a t you prepare and forward to the Board An or before December 10 schedules containing the names of a l l o f f i c e r s and employees and the s a l a r i e s i t i s proposed to pay them beginning January 1925# together with present annual s a l a r i e s of a l l o f f i c e r s and of those employees receiving in excess of $2,500 per annum. Separate schedules, prepared in accordance with the sample forms attached hereto, should be submitted for the Head Office and each Branch. Very t r u l y yours, Walter L. Eddy, Secretary. (Enclosure) To Chairmen ef a l l F. R* Banks 7 5 5 756 NUMBER AND SALARIES OF OFFICERS ON DECEMBER 1, 1924. X-ltigO-a Federal Reserve Bank - Branch Date of Original Employment NOTE: Name Title Present Annual Salary Proposed Annual Salary Functions Supervised _ Separate r e p o r t as of December 1 should be prepared f o r each Federal reserve bank and branch and forwarded to the Federal Reserve Board not l a t e r than December 10. x-Uigo-b NUMBER AllD SALARIES OF EMPLOYEES RECEIVING MORE THAN $2,500. PEE ANNUM *75?7 (Employees recommended for s a l a r i e s in excess of $2,500 should also be included in t h i s report) Federal Reserve Bank - Branch Date of original employment Name Title , Dec. 1, 1924. Present Annual Salary. Proposed Annual Salary. Function to which assigned. function* •Employees should be grouped according to the functions given in the quarterly functional expense report, form &. NOTE: Separate report as of December 1 should be prepared f o r each Federal reserve bank and branch and forwarded t o the Federal Reserve Board not l a t e r than December 10. I » X-U190-C • ^58 NUMBER AND SALARIES 9F EMPLOYEES RECEIVING $2,500. OR LESS FEE ANNUM. (Employees recommended, f o r s a l a r i e s in excess of $2,50C. should not be included in t h i s r e p o r t ) . Federal Reserve Bank - Branch i k t e of original employment Name Title , Dec. 1, 1924. Total of salary increases during the current year Salary as of January 1, 192*5. function* *Enployees should be grouped according to the functions given in the quarterly functional -expense r e p o r t , form E. NOTE: Separate report as of December 1 should be prepared fof each Federal reserve bank and branch and forwarded t o the Federal Reserve Board not l a t e r than December 10.
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