Michael Flaherty, REUTERS
(Reuters) —The top 113 earners among staff at the Federal Reserve’s Washington headquarters make an average of $246,506 per year, excluding bonuses and other benefits – more than Fed Chair Janet Yellen and nearly double the normal top government rate.
Yellen, whose salary is set by Congress, earns $201,700 a year.
The details on Fed pay were provided to Reuters in response to a Freedom of Information Act request for data on all employees of the U.S. central bank’s board whose salaries outstrip $130,810, which is the top of the government’s pay scale in most areas.
However, the central bank only provided salaries for staff who make at least $225,000 a year, with some exceptions. It is the first time the list has been made public.
Republicans in the U.S. House of Representatives have sponsored a bill that would require the Fed to divulge that information publicly.