Freedom of Information Office
2012 Reserve Bank Budgets - Staff Equity Adjustment Program
On May 15, 2012, the Board approved an increase in Reserve Bank budgets for 2012 to fund staff equity adjustments that would mitigate salary compression between recently hired employees and long-tenured, high-performing employees in critical positions (excluding officers).
Revised Reserve Bank Operating Budgets
Reflecting the Approved Staff Equity Adjustment Program
(dollars in millions)
|1. Expenses budgeted by the Federal Reserve Information Technology (FRIT) and the Office of Employee Benefits (OEB) are chargeable to the Reserve Banks. Return to table.|