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Appendix C: Expenses and Employment at the Board of Governors

Table C.1. Operating Expenses of the Board of Governors, by Division, Office, or Special Account, 2006-2010
Millions of dollars
Division, office, or special account 2006-07 (budgeted) 2006-07 (actual) 2008-091(budgeted) 2008-09 (actual) 2010 (budgeted)
Board Members 26.4 24.7 29.4 28.5 17.3
Secretary 12.4 12.3 14.6 14.4 8.1
Staff Director for Management 16.8 18.9 21.4 20.9 11.4
Research and Statistics 82.7 81.2 98.3 97.3 52.7
International Finance 32.0 29.1 37.2 34.6 19.9
Monetary Affairs 28.4 27.6 34.3 34.2 23.2
Banking Supervision and Regulation 99.4 96.8 113.7 116.8 62.0
Consumer and Community Affairs 29.5 30.8 41.8 41.8 26.1
Legal 26.1 23.1 30.5 30.3 17.5
Reserve Bank Operations and Payment Systems 51.4 49.8 64.2 59.1 33.2
Information Technology 91.2 89.5 105.1 104.4 61.7
Management Division 122.2 127.4 155.8 157.0 90.0
Information Resources Management income account -39.8 -39.5 -44.8 -45.1 -28.9
Residual retirement 9.8 13.5 13.3 19.8 9.9
Special projects 12.0 7.9 14.3 16.2 10.7
Extraordinary items 9.0 8.3 7.3 5.5 10.2
Total, Board operations 609.5 601.4 736.4 735.6 425.0
Office of Inspector General 10.2 9.5 14.0 12.4 19.2

Note: Components may not sum to totals and may not yield percentages because of rounding.

1. 2008-09 budgeted figures include $30.1 million and $1.3 million added to the Board's and the OIG's respective operating budgets during 2009.  Return to table

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Table C.2. Operating Expenses of the Board of Governors, by Account Classification, 2006-10
Millions of dollars
Account classification 2006-07 (budgeted) 2006-07 (actual) 2008-091(budgeted) 2008-09 (actual) 2010 (budgeted)
Personnel services  
Salaries 380.2 372.7 453.5 454.4 252.5
Retirement 35.7 38.8 50.3 53.1 34.2
Insurance 31.4 35.3 38.5 44.1 22.6
Subtotal 447.3 446.8 542.3 551.6 309.3
Goods and Services  
Travel 15.7 17.2 18.9 20.4 9.7
Postage and shipping 1.0 1.0 1.2 1.0 0.5
Telecommunications 10.8 9.8 10.2 10.2 4.4
Printing and binding 2.7 2.6 3.0 3.3 1.5
Publications 1.2 0.9 1.1 1.1 0.5
Stationery and supplies 2.3 2.5 2.9 3.1 1.5
Software 14.6 13.3 15.6 15.9 8.6
Furniture and equipment 7.5 8.1 8.5 8.0 5.5
Rentals 1.2 1.1 5.9 6.7 7.4
Books and subscriptions 2.0 1.7 1.9 1.7 1.0
Utilities 7.8 8.3 8.4 8.5 4.0
Building repairs and alterations 4.6 4.0 4.8 5.1 2.0
Furniture repairs and maintenance 2.5 2.6 3.0 3.2 1.6
Contingency processing center expenses 1.7 2.2 2.4 2.4 1.3
Contractual professional services 62.8 59.8 81.0 69.1 49.5
Tuition/registration and membership fees 4.8 5.2 6.6 5.9 3.9
Subsidies and contributions 1.3 1.4 2.6 2.7 1.1
Depreciation 28.8 26.6 28.9 27.5 15.8
All other2 (11.4) (13.7) (12.8) (11.7) (4.1)
Subtotal 162.2 154.6 194.1 184.0 115.7
Total, Board operations3 609.5 601.4 736.4 735.6 425.0
Office of Inspector General 10.2 9.5 14.0 12.4 19.2

Note: Components may not sum to total and may not yield percentages shown because of rounding.

1. 2008-09 budgeted figures include $30.1 million and $1.3 million added to the Board's and the OIG's respective operating budgets during 2009.  Return to table

2. All other includes, among other items, income from outside agencies for data processing services, rental income, and transportation subsidy benefits for employees.  Return to table

3. Includes extraordinary items.  Return to table

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Table C.3. Positions Authorized at the Board of Governors, by Division, Office, or Special Account, 2006-10
Division, office, or special account Position count1
2006-07 (initial) 2006-07 (ending) 2008-09 (initial) 2008-09 (ending) 2010 (budgeted)
Board Members 78 80 81 86 88
Secretary 50 50 50 51 51
Staff Director for Management 45 46 48 48 48
Research and Statistics 275 275 285 290 296
International Finance 116 114 115 115 115
Monetary Affairs 75 78 81 88 95
Banking Supervision and Regulation 254 258 253 283 283
Consumer and Community Affairs 94 101 105 114 120
Legal 80 80 80 80 86
Reserve Bank Operations and Payment Systems 139 138 138 138 138
Information Technology2 301 318 318 353 353
Management Division3 469 487 487 520 517
Total, Board 1,976 2,025 2,041 2,166 2,190
Office of Inspector General 36 36 37 45 61

Note: Includes only those divisions, offices, and special accounts that have authorized position counts.

1. Excludes summer interns.  Return to table

2. Includes positions that support the Federal Financial Institutions Examination Council for processing data collected under the Home Mortgage Disclosure Act and the Community Reinvestment Act.  Return to table

3. Includes cooperative eduction, worker trainee, and student aide programs that assist offices and divisions Boardwide.  Return to table

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