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Federal Reserve Bank salaries
Federal Reserve Bank salary estimate
$61,679yearly
Understanding Federal Reserve Bank Salaries
The Federal Reserve Bank is known for offering competitive compensation to its employees. The average salary stands at $61,679, but this figure can vary based on location and department. For instance, positions in finance and operations tend to be higher-paying compared to administrative roles.
Salary by Location
Salaries also differ by geographic location, with major cities typically offering higher pay rates. For example, employees in San Francisco might earn more than those in smaller cities.
Departmental Overview
Departments such as Research and Economic Policy often present some of the highest average salaries within the Bank. By understanding these dynamics, prospective employees can better assess their career options and expectations.
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How much does Federal Reserve Bank pay by location?
Highest paying Federal Reserve Bank locations
| Rank | Location | Average Federal Reserve Bank salary | Hourly rate |
|---|---|---|---|
| 1 | New York, NY | $72,618 | $34.91 |
| 2 | San Francisco, CA | $71,343 | $34.30 |
| 3 | Seattle, WA | $69,928 | $33.62 |
| 4 | Boston, MA | $69,633 | $33.48 |
| 5 | East Rutherford, NJ | $68,885 | $33.12 |
| 6 | Baltimore, MD | $65,510 | $31.50 |
| 7 | Richmond, VA | $65,070 | $31.28 |
| 8 | Denver, CO | $64,653 | $31.08 |
| 9 | Minneapolis, MN | $64,141 | $30.84 |
| 10 | Chicago, IL | $63,838 | $30.69 |
| 11 | Philadelphia, PA | $63,381 | $30.47 |
| 12 | Charlotte, NC | $62,911 | $30.25 |
| 13 | Dallas, TX | $62,189 | $29.90 |
| 14 | Atlanta, GA | $61,270 | $29.46 |
| 15 | Phoenix, AZ | $60,749 | $29.21 |
| 16 | Cleveland, OH | $60,348 | $29.01 |
| 17 | Saint Louis, MO | $60,249 | $28.97 |
| 18 | Omaha, NE | $59,889 | $28.79 |
| 19 | Noble, LA | $58,947 | $28.34 |
| 20 | Salt Lake City, UT | $58,280 | $28.02 |
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Federal Reserve Bank salaries by department
Salaries at Federal Reserve Bank vary depending on the department you work in. Federal Reserve Bank salaries in the engineering department are the highest with an average salary of $85,599. Employees in the it department at Federal Reserve Bank receive relatively high salaries as well, with an average salary of $75,769 per year. Departments that don't pay as well at Federal Reserve Bank include the customer service and the retail organizational functions, with employees earning average salaries of $38,415 and $38,810, respectively.
Average Federal Reserve Bank salary by department
| Rank | Department | Average Federal Reserve Bank salary | Hourly rate |
|---|---|---|---|
| 1 | Engineering | $85,599 | $41.15 |
| 2 | IT | $75,769 | $36.43 |
| 3 | Finance | $64,690 | $31.10 |
| 4 | Administrative | $42,789 | $20.57 |
| 5 | Retail | $38,811 | $18.66 |
| 6 | Customer Service | $38,416 | $18.47 |
Federal Reserve Bank competitors’ average salaries
Average salaries at Federal Reserve Bank competitors, like Blackstone Group, OCC, and Federal Reserve, vary. Blackstone Group employees earn the highest salaries, with an average yearly salary of $96,791. The average salary at OCC is $91,809 per year, and the average salary at Federal Reserve is $91,007 per year.
Highest paying Federal Reserve Bank competitors
| Rank | Company name | Zippia score | Average salary |
|---|---|---|---|
| 1 | Blackstone Group | 4.9 | $96,791 |
| 2 | OCC | 4.9 | $91,809 |
| 3 | Federal Reserve | 4.4 | $91,007 |
| 4 | IIF | 4.7 | $81,038 |
| 5 | Council of Federal Home Loan Banks | 4.9 | $80,194 |
| 6 | GuideWell Source | 4.6 | $77,057 |
| 7 | Federal Reserve Bank of Boston | 4.2 | $71,017 |
| 8 | Integrated Asset Services | 3.9 | $68,258 |
| 9 | HPG | 4.0 | $64,665 |
| 10 | STRS Ohio | 3.8 | $63,888 |
| 11 | The Fund | 4.4 | $63,196 |
| 12 | Standard Insurance Company | 4.8 | $62,368 |
| 13 | Chicago Stock Exchange | 4.2 | $62,341 |
| 14 | Alloya Corporate FCU | 3.2 | $60,993 |
| 15 | Federal Reserve Bank of Richmond | 4.8 | $57,591 |
| 16 | Vining Sparks | 4.2 | $56,488 |
| 17 | Journal of Accountancy | 4.7 | $55,836 |
| 18 | Federal Reserve Bank of Dallas | 4.9 | $52,831 |
| 19 | Federal Reserve Bank of Minneapolis | 4.7 | $50,822 |
| 20 | Federal Reserve Bank of Cleveland | 4.9 | $49,559 |
Recently added Federal Reserve Bank salaries
| Job | Location | Date added | Salary |
|---|---|---|---|
| Lieutenant | Seattle, WA | 06/29/2025 | $77,800 |
| Library Information Management Intern | Kansas City, MO | 06/26/2025 | $41,740 |
| Facilities Engineer | Chicago, IL | 06/25/2025 | $99,882 |
| Facilities Engineer | Detroit, MI | 06/25/2025 | $99,882 |
| Software Engineer-Salesforce and Cloud | Omaha, NE | 06/19/2025 | $125,200 |
Frequently asked questions about Federal Reserve Bank salaries
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Zippia gives an in-depth look into the details of Federal Reserve Bank, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Federal Reserve Bank. The employee data is based on information from people who have self-reported their past or current employments at Federal Reserve Bank. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Federal Reserve Bank. The data presented on this page does not represent the view of Federal Reserve Bank and its employees or that of Zippia.
Federal Reserve Bank may also be known as or be related to Federal Reserve Bank.