The Truth About the Federal Reserve System, Speech in the Senate of the U.S., Jan. 16 And 17, 1922

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One president of the Minneapolis National Baak gets $45,000; another, $40,000; and severul executive chairmen and vice presidents get salaries of $25,000.
The average official salary for this bank is a little more than half the average for member banks.
The governor of the Federal Reserve Bank of Kansas City gets a salary of $20,000. The president of one individual mem- ber bank there gets $26,000 and two $25,000 each. The average salary at the St. Louis bank is very much less than at the indi-
... vidual member banks.
The salary of the governor of the Dallas Federal Reserve Bank is $18,000. The salary of a president of one member bank is $20,000 and the two vice presidents each $25,000. The average official salary at the reserve bank is very much less than the average paid at member- banks.
The Federal reserve bank at San Francisco pays it governor $24,000. The president of two individual member banks gets $50,000 and of another $36,000. The average official salary is 86469—22174 36 less Hiau half at tlie reserve bank than at the individual member banks.


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