Agencies will make operating decisions based on State or locality of duty stations and other factors. The Federal Reserve Board of Governors in Washington DC. This is 313.6 percent higher than the national average for government employees and 287.6 percent higher than other federal agencies. Salaries posted anonymously by Federal Reserve Bank of Minneapolis employees. For the Chicago Reserve Bank, number of full-time employees, 1,471; number of part-time employees, 60; total number of employees, 1,624; employee annual salaries, $86,707,060; total annual salaries, $100,031,698. The results will look like this: It is possible to do a salary sort for an entire agency or by any other criteria that have been entered and the results have been displayed on your screen. The Board reviews Reserve Bank officer salary ranges and the placement of individual Reserve Banks in the salary tiers annually. Subscribe to our free email list to get our news updates in your inbox. Federal Reserve Bank of Chicago pays its employees an average of $84,185 a year. If you wanted to see this same list but sorted by salary level–from the highest salary to the lowest salary in this list–just click twice on the salary column. 1. Agencies are often not listed as being under the broad umbrella of the main organization such as the “Department of Agriculture” or the “Department of Veterans Affairs” or the “Veterans Administration.” The agencies providing the information have generally opted not to do that. In this case, that will still show 22 people with that name as it is not an uncommon name. There are more than 9,000 people named “Smith” in the database. The compensation policies of the Federal Reserve System also deserve scrutiny. Bank employment has fallen from a stable level before 2002 of about 23,000 to just 17,398 in 2009. The average salary for "federal reserve" ranges from approximately $50,425 per year for Law Enforcement Officer to $132,347 per year for Risk Manager. This article After typing in the name, click on the “Filter” button and you will see the results as illustrated in the graphic below. Some have been excluded by the federal government for national security or other reasons. Salaries at Federal Reserve Bank range from an average of $50,889 to $125,595 a year. The chart compares average wages of workers in the U.S. private sector and workers in the 12 Federal Reserve Banks. Federal Reserve Board of Governors (FRB) Employee Salaries The average employee salary for the Federal Reserve Board of Governors (FRB) in 2019 was $254,907. On January 1 of each year, each president receives a salary increase equal to the percentage increase in the midpoint of his or her salary range. Note that this search was done for fiscal year 2019. The average salary for U.S. Federal Reserve employees is $97,649 per year. The salary for the Chairman of the Federal Reserve is set by the U.S. Congress. Employees should contact their supervisor with any questions regarding Agency- or office-specific operating status. The annual salary of … The database of individual federal employee salaries has recently been updated with the latest available data. For example, typing in “Federal Deposit Insurance Corporation” into the box for the agency name will yield results of about 5,923 employees for the agency for fiscal year 2019 located in cities around the U.S. Also, for the main database of federal employees, results are usually organized by city but not by state. Last updated: August 10, 2020. Visit PayScale to research U.S. Federal Reserve salaries, bonuses, reviews, benefits, and more! The pay for the presidents of the Federal Reserve district banks are set by each bank's board of directors. Add a Salary. May 7, 2020 - Until Further Notice - More... June 3, 2020 8:04 AM , Updated June 14, 2020 4:09 PM, One caveat: the data provided vary from year to year and vary between agencies.

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