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FEDERAL RESERVE BO ARD WASHINGTON ADDRESSOFFICIALCORRESPONDENCETO THEFEDERALRESERVEBOARD X-9156 March 21, 1935 Dear Sir: In the Board’s letter X-3552 of October 5, 1922, a copy of which is attached, the Board advised the Federal Reserve banks of the titles which, for comparative purposes, it v;ould regard as I designating official positions and this list has, with one or two exceptions, been followed since that date. The exceptions are the positions of "Economist" and "General Statistician" at one of the Reserve banks and certain modifications in the titles of "Auditor" and "Counsel" such as "General Auditor" and "General Coun sel". Recently, the Board was informally advised that the directors of one of the Federal Reserve banks feel that the position of "Chief Examiner" in the Federal Reserve Agent’s department should also be classed as an official position. The Board appreciates the fact that the activities of the Federal Reserve banks have changed materially since 1922, particu larly in the Federal Reserve Agent's department, and consequently it may be desirable to revise the list of titles which, for com- X-9156 - 2 - parative purposes, have previously been regarded as designating of ficial positions. Accordingly, it will be appreciated if you will advise the Board of any changes which in the opinion of your directors should be made in the list of titles contained in the Board’s letter of October 5, 1922, together with their reasons for sxich changes. Very truly yours, yZtXLXSJ Chester Morrill, Secretary. Inclosure. TO ALL CHAIRMEN EXCEPT NET? YORK FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIALCORRESPONDENCETO THEFEDERALRESERVEBOARD X-3532 October 5, 1922. SUBJECT: Bank Salaries. Dear Sir: Referring to the Board’s letter of August 9, 1922, X-3500, on the subject of "Bank salaries", in which the Federal Reserve Banks are requested to prepare and forward to the Board each year, on or before December 15th, departmental schedules con taining the names of all officers and employees arid showing the present and proposed salaries for each, you are advised that the Board desires separate lists for heed office ana each branch. Specimens of the forms on which the Board desires the lists to be submitted are enclosed herewith. From time to time in the past the Board has had occasion to note that reports relating to personnel received from the sev eral Federal Reserve Banks and branches have not been compiled on a strictly comparable basis for the reason that persons performing similar work have been listed by some banks as officers and by others as employees. In order to insure uniformity of classifica tion at all Reserve Bank,?, there is given below a list of the various titles which, for comparative purposes, the Board will consider as designating official positions. Any changes in this list will be promptly brought to the attention of each Federal Reserve Bank. In submitting reports to the Board, persons holding such positions (including those designated to act in that capacity pending the fill ing of the position with a permanent appointee) should be classified as officers, while all others should be included with employees of the Banking, Federal Reserve Agent's, Auditing, or Fiscal Agency Departments: AT HEAD OFFICES Chairman and Federal Reserve Agent Assistant Federal Reserve Agent Governor Deputy Governor Assistant to Governor Assistant Deputy Governor Cashier or Controller Assistant Cashier or Manager Comptroller, or Controller of Accounts Auditor AT BRANCHES Manager Assistant Manager Cashier Assistant Cashier Assistant Federal Reserve Agent Assistant Auditor 246 - 2 - X-3532 Assistant Auditor Secretary Assistant Secretary Counsel (full time - not including Consulting Counsel, whose only regular compensation from bank is a retainer fee) Assistant Counsel (full time - not including Consulting Counsel, whose only compensation from bank is a retainer fee) In order that the Board may keep its personnel records up to date, it should be advised by letter at the end of each month of the termination of the employment of any officer or em ployee receiving $2501, or more per annum. New appointments of of ficers and employees at a salary of $2501, or more per annum should be made subject to the approval of the Federal Reserve Board, and the Board's approval had before such officer or employee begins service with the bank. This letter supersedes all previous requests for state ments relating to personnel, and accordingly, it will not be necessary to submit statements other than those provided for herein unless specifically called for by the Board. Very truly yours, Vice Governor. TO THE CHAIRMEN OF ALL FEDERAL RESERVE BANKS, 247 X-5552a NUMBER AND SALARIES OF OFFICERS ON DECEMBER 1,192__. Federal Reserve Bank - Branch______________ Date of Original Employment NOTE: Name Title Present annual salary . __________ 192__. Proposed annual salary Functions supervised Separate report as of December 1 should be prepared for each Fed eral Reserve bank and branch and forwarded to the Federal Reserve Board not later then December 15 of each year. 2 4 8 X-3532b NUMBER AND SALARIES OF EMPLOYEES RECEIVING MORE THAN #2500 PER ANNUM (Employees recommended for salaries in excess of $2500 should also be included in this report) Federal Reserve Bank - Branch _______________ Date of Original Employment __________ Present Proposed Name Title annual annual _______ ______________________ salary_____salary 192___. Function to which assigned ________________ _Department* * • NOTE: •^Employees should be grouped under the following 4 departments Banking - Federal Reserve Agent - Auditing - Fiscal Agency Separate report as of December 1 should be prepared for each Fed eral Reserve bank and branch and forwarded to the Federal Reserve Board not later than December 15 of each year. 249 . X-5532c NUMBER AND SALARIES OF EMPLOYEES RECEIVING $2500 OR LESS PER ANNUM. (Employees recommended for salaries in excess of $2500 should not be included in this report) Federal Reserve Bank - Branch_________________ ____________192 Date of Total of salary Original Name Title increases during Employment____________ _________________ _______ the current year . Salary as of January 1, 1925 Department* •^Employees should be grouped under the following 4 departments Banking - Federal Reserve Agent - Auditing - Fiscal Agency. NOTE: Separate report as of December 1 should be prepared for each Federal Reserve bank and branch and forwarded to the Federal Reserve Board not later than December 15 of each year.
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