Annual Report Budget Review 2012
Appendix C: Expenses and Employment at the Federal Reserve Banks
District | 2011 (budgeted) | 2011 (actual) | 2012 (budgeted) | Percent change | |
---|---|---|---|---|---|
2011 actual compared with 2011 budgeted | 2012 budgeted compared with 2011 actual | ||||
Boston | 173,988 | 164,755 | 177,695 | -5.3 | 7.9 |
New York | 808,668 | 795,678 | 846,686 | -1.6 | 6.4 |
Philadelphia | 163,181 | 159,716 | 181,300 | -2.1 | 13.5 |
Cleveland | 182,753 | 183,919 | 158,538 | 0.6 | -13.8 |
Richmond | 324,123 | 330,287 | 342,050 | 1.9 | 3.6 |
Atlanta | 326,549 | 308,839 | 314,765 | -5.4 | 1.9 |
Chicago | 291,191 | 284,365 | 307,244 | -2.3 | 8.0 |
St. Louis | 236,880 | 219,230 | 234,550 | -7.5 | 7.0 |
Minneapolis | 159,059 | 156,791 | 172,357 | -1.4 | 9.9 |
Kansas City | 186,130 | 182,609 | 195,114 | -1.9 | 6.8 |
Dallas | 205,545 | 198,813 | 206,961 | -3.3 | 4.1 |
San Francisco | 293,164 | 276,319 | 304,027 | -5.7 | 10.0 |
Total | 3,351,230 | 3,261,321 | 3,441,287 | -2.7 | 5.5 |
Note: Excludes capital outlays and pension expenses as well as assessments for the Board of Governors operating expenses, currency costs, the Consumer Financial Protection Bureau, and the Office of Financial Research. Includes expenses budgeted by Federal Reserve Information Technology and the System's Office of Employee Benefits that are chargeable to the Reserve Banks. Reflects all redistributions for support and allocations for overhead. Components may not sum to totals and may not yield percentages shown because of rounding.
District | 2011 (budgeted) | 2011 (actual) | 2012 (budgeted) | Amount change | |
---|---|---|---|---|---|
2011 actual compared with 2011 budgeted | 2012 budgeted compared with 2011 actual | ||||
Boston | 929 | 903 | 968 | -27 | 65 |
New York | 3,205 | 3,136 | 3,254 | -70 | 119 |
Philadelphia | 873 | 868 | 917 | -5 | 49 |
Cleveland | 1,302 | 1,167 | 973 | -135 | -193 |
Richmond | 1,538 | 1,493 | 1,506 | -45 | 14 |
Atlanta | 1,648 | 1,607 | 1,593 | -40 | -14 |
Chicago | 1,358 | 1,340 | 1,425 | -18 | 85 |
St. Louis | 979 | 956 | 1,006 | -22 | 50 |
Minneapolis | 1,036 | 1,035 | 1,109 | -1 | 74 |
Kansas City | 1,262 | 1,275 | 1,343 | 14 | 68 |
Dallas | 1,290 | 1,239 | 1,340 | -50 | 100 |
San Francisco | 1,546 | 1,516 | 1,568 | -30 | 52 |
Total, all districts | 16,965 | 16,535 | 17,003 | -430 | 468 |
Federal Reserve Information Technology (FRIT) | 965 | 1,072 | 1,048 | 107 | -23 |
Office of Employee Benefits (OEB) | 49 | 47 | 51 | -3 | 4 |
Total | 17,979 | 17,653 | 18,102 | -326 | 449 |
Note: The term average number of personnel (ANP) describes levels and changes in employment. ANP is the average number of employees in terms of full-time positions for the period. For instance, a full-time employee who starts work on July 1 counts as 0.5 ANP for that calendar year; two half-time employees who start on January 1 count as 1 ANP. Components may not sum to totals and may not yield variances shown because of rounding.
Operational area | 2011 (budgeted) | 2011 (actual) | 2012 (budgeted) | Percent change | |
---|---|---|---|---|---|
2011 actual compared with 2011 budgeted | 2012 budgeted compared with 2011 actual | ||||
Monetary and economic policy | 538,422 | 532,326 | 552,149 | -1.1 | 3.7 |
Services to the U.S. Treasury and other government agencies | 471,132 | 459,129 | 474,653 | -2.5 | 3.4 |
Services to financial institutions and the public | 989,600 | 954,111 | 985,700 | -3.6 | 3.3 |
Supervision and regulation | 934,216 | 917,438 | 1,032,540 | -1.8 | 12.5 |
Fee-based services to financial institutions | 417,860 | 398,317 | 396,244 | -4.7 | -0.5 |
Total | 3,351,230 | 3,261,320 | 3,441,287 | -2.7 | 5.5 |
Note: Excludes capital outlays and pension expenses as well as assessments for the Board of Governors operating expenses, currency costs, the Consumer Financial Protection Bureau, and the Office of Financial Research. Includes expenses budgeted by Federal Reserve Information Technology (FRIT) and the System's Office of Employee Benefits (OEB) that are chargeable to the Reserve Banks. Reflects all redistributions for support and allocations for overhead. Components may not sum to totals and may not yield percentages shown because of rounding.
Operational area | 2011 (budgeted) | 2011 (actual) | 2012 (budgeted) | Amount change | |
---|---|---|---|---|---|
2011 actual compared with 2011 budgeted | 2012 budgeted compared with 2011 actual | ||||
Monetary and economic policy | 1,188 | 1,179 | 1,236 | -9 | 57 |
Services to U.S. Treasury and other government agencies | 1,212 | 1,114 | 1,104 | -97 | -10 |
Services to financial institutions and the public | 2,741 | 2,646 | 2,625 | -95 | -21 |
Supervision and regulation | 3,397 | 3,339 | 3,688 | -58 | 349 |
Fee-based services to financial institutions | 975 | 910 | 803 | -64 | -107 |
Support and overhead | 8,466 | 8,464 | 8,645 | -2 | 181 |
Total | 17,979 | 17,653 | 18,102 | -326 | 449 |
Note: Table has been recategorized from previous years. Average number of personnel dedicated to a specific operational area have been included in the associated operational area; as a result, the 2011 budgeted amounts have been restated. Components may not sum to totals and may not yield variances shown because of rounding.
FRIT Federal Reserve Information Technology; OEB Office of Employee Benefits.
District | 2011 (budgeted) | 2011 (actual) | 2012 (budgeted) | Percent change | |
---|---|---|---|---|---|
2011 actual compared with 2011 budgeted | 2012 budgeted compared with 2011 actual | ||||
Boston | 86,922 | 84,777 | 93,025 | -2.5 | 9.7 |
New York | 379,288 | 365,012 | 391,840 | -3.8 | 7.3 |
Philadelphia | 70,226 | 68,986 | 73,300 | -1.8 | 6.3 |
Cleveland | 89,355 | 82,428 | 77,641 | -7.8 | -5.8 |
Richmond | 123,910 | 119,192 | 124,428 | -3.8 | 4.4 |
Atlanta | 135,822 | 133,293 | 136,027 | -1.9 | 2.1 |
Chicago | 123,300 | 120,656 | 134,012 | -2.1 | 11.1 |
St. Louis | 79,658 | 76,978 | 83,509 | -3.4 | 8.5 |
Minneapolis | 75,044 | 74,054 | 80,880 | -1.3 | 9.2 |
Kansas City | 92,575 | 90,607 | 97,926 | -2.1 | 8.1 |
Dallas | 87,723 | 82,931 | 89,858 | -5.5 | 8.4 |
San Francisco | 150,153 | 144,788 | 154,645 | -3.6 | 6.8 |
Total, all districts | 1,493,974 | 1,443,702 | 1,537,092 | -3.4 | 6.5 |
Federal Reserve Information Technology (FRIT) | 96,042 | 103,738 | 103,692 | 8.0 | 0.0 |
Office of Employee Benefits (OEB) | 6,482 | 6,296 | 6,823 | -2.9 | 8.4 |
Total | 1,596,498 | 1,553,737 | 1,647,608 | -2.7 | 6.0 |
Note: Components may not sum to totals and may not yield percentages shown because of rounding.
District | 2011 (budgeted) | 2011 (actual) | 2012 (budgeted) | Percent change | |
---|---|---|---|---|---|
2011 actual compared with 2011 budgeted | 2012 budgeted compared with 2011 actual | ||||
Boston | 22,558 | 14,359 | 29,573 | -36.3 | 106.0 |
New York | 128,183 | 66,523 | 122,319 | -48.1 | 83.9 |
Philadelphia | 12,731 | 11,894 | 15,181 | -6.6 | 27.6 |
Cleveland | 13,781 | 8,493 | 14,471 | -38.4 | 70.4 |
Richmond | 18,311 | 10,834 | 21,797 | -40.8 | 101.2 |
Atlanta | 27,754 | 17,102 | 19,081 | -38.4 | 11.6 |
Chicago | 31,446 | 17,716 | 39,384 | -43.7 | 122.3 |
St. Louis | 19,418 | 11,911 | 8,378 | -38.7 | -29.7 |
Minneapolis | 16,110 | 13,790 | 15,401 | -14.4 | 11.7 |
Kansas City | 1,233 | 4,794 | 7,160 | 288.7 | 49.4 |
Dallas | 18,676 | 15,285 | 13,385 | -18.2 | -12.4 |
San Francisco | 34,402 | 21,936 | 43,393 | -36.2 | 97.8 |
Total, all districts | 344,603 | 214,636 | 349,523 | -37.7 | 62.8 |
Federal Reserve Information Technology (FRIT) | 70,687 | 48,267 | 53,727 | -31.7 | 11.3 |
Office of Employee Benefits (OEB) | 2,300 | 2,123 | 950 | -7.7 | -55.3 |
Total | 417,590 | 265,025 | 404,200 | -36.5 | 52.5 |
Note: Components may not sum to totals and may not yield percentages shown because of rounding.
Asset classification | 2011 (budgeted) | 2011 (actual) | 2012 (budgeted) | Percent change | |
---|---|---|---|---|---|
2011 actual compared with 2011 budgeted | 2012 budgeted compared with 2011 actual | ||||
Equipment | 96,409 | 70,288 | 88,182 | -27.1 | 25.5 |
Furniture, furnishings, and fixtures | 28,818 | 15,255 | 27,198 | -47.1 | 78.3 |
Building | 117,296 | 68,916 | 103,677 | -41.2 | 50.4 |
Building machinery and equipment | 47,680 | 15,214 | 31,522 | -68.1 | 107.2 |
Software | 125,962 | 93,113 | 148,475 | -26.1 | 59.5 |
Other1 | 1,425 | 2,239 | 5,145 | 57.1 | 129.8 |
Total | 417,590 | 265,025 | 404,200 | -36.5 | 52.5 |
Note: Components may not sum to totals and may not yield percentages shown because of rounding.
1. Other includes land and other real estate, leasehold improvements, and art. Return to table
FRIT Federal Reserve Information Technology; OEB Office of Employee Benefits.