Federal Reserve System Overview

The Federal Reserve System is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises.
The staff at Federal Reserve System come from unusually diverse demographic backgrounds. The organization is 40.2% female and 47.6% ethnic minorities. Despite its diversity in other areas, Federal Reserve System employees are noticeably lacking in political diversity. It has an unusually high proportion of employees who are members of the Democratic Party, at 86.0%. Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Democratic Party. Federal Reserve System has great employee retention with staff members usually staying with the organization for 5.1 years. The average employee at Federal Reserve System makes $116,230 per year, which is quite competitive for its location and industry. In comparison, some of its highest paying competitors, like D. E. Shaw & Co., Riskmetrics Group Holdings, and Moody's, pay $107,893, $104,042, and $101,732, respectively.
Based in Washington, DC, Federal Reserve System is a key player in the finance industry with 2,750 employees and an annual revenue of $213.7M.

The Organization’s Mission

To foster the stability, integrity and efficiency of the nation's monetary, financial and payment systems in order to promote optimal macroeconomic performance.







Founded in



Washington, DC



Organization Type


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Federal Reserve System Employee Reviews

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Zippia UserFebruary 2019


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What Do You Like About Working There?

Good benefits.

What DON'T You Like About Working There?

No work balance in my area of work.

What Are Your Favorite Benefits/Perks?

Free Gym and pop corn Friday.
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The Team At Federal Reserve System

Key People

    Jerome Powell (chairperson)

Federal Reserve System Company Rankings

Federal Reserve System is ranked #33 on the Best Companies to Work For in District of Columbia list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

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Federal Reserve System Salaries

How much does Federal Reserve System pay?
The national average salary for a Federal Reserve System employee in the United States is $116,230 per year. Employees in the top 10 percent can make over $169,000 per year, while employees at the bottom 10 percent earn less than $79,000 per year.
Salary Score
Average Employee Earnings

Federal Reserve System Salaries By Job Title

While Federal Reserve System employees earn an average yearly salary of $116,230, different roles can command different wages. Some of the job titles with high salaries at Federal Reserve System are economist, law enforcement technician, bank examiner, and project manager. A typical economist salary at Federal Reserve System is $151,301 per year. To get a better sense of the salaries at Federal Reserve System, other roles such as customer service representative and police officer can be considered as well. For comparison, the title customer service representative at Federal Reserve System earns $49,518 per year.
Job Title
Average Salarydesc
Salary Range140k - 162k$151k$151,301
Law Enforcement Technician
Salary Range128k - 144k$137k$136,526
Bank Examiner
Salary Range127k - 140k$134k$134,077
Project Manager
Salary Range118k - 141k$130k$129,580
Information Technology Manager
Salary Range121k - 135k$128k$128,168
Data Entry Associate
Salary Range103k - 111k$108k$107,608
Research Programmer
Salary Range100k - 112k$106k$105,965
Vault Teller
Salary Range96k - 116k$106k$105,907
Finance Systems Analyst
Salary Range96k - 111k$104k$103,902
Sharepoint Consultant
Salary Range96k - 106k$102k$101,672

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Federal Reserve System Careers

On average, employees at Federal Reserve System stay with the company for 5.1 years. Employees most commonly join Federal Reserve System after leaving United States Army. When they leave Federal Reserve System, they most frequently get their next job at Bank of America.

Top Employers Before Federal Reserve System

6.5 %

Top Employers After Federal Reserve System

7.2 %

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Federal Reserve System Employee Demographics

Diversity Score
We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce.

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Federal Reserve System Employees Education

Of the 2,750 employees at Federal Reserve System, 15.6% attended George Washington University, The. Employees at Federal Reserve System most frequently majored in Business, and most employees’ highest level of education is a Bachelors.

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Federal Reserve System Employee Political Affiliation

Federal Reserve System employees are most likely to be members of the Democratic Party. The largest donation made to a political party by a Federal Reserve System employee was by Steven Laufer. Steven Laufer donated $19,200 to the Democratic Party.

Employee Political Donations

NameascdescJob TitleascdescPartyascdescDonationascdesc
Steven LauferEconomist
Democratic Party
$19,200Democratic Party
Richard AndersonChief Operating Officer
Chief Operating Officer
Republican Party
$12,500Republican Party
David SmallEconomist
Democratic Party
$10,350Democratic Party
Jeffrey KIMProject Leader
Project Leader
Democratic Party
$10,300Democratic Party
Neil EricssonEconometrician
Democratic Party
$7,600Democratic Party
Julia SchaefferManager
Democratic Party
$7,387Democratic Party
Sally SallyEconomist
Democratic Party
$6,000Democratic Party
Dean AmelBureaucrat
Democratic Party
$5,800Democratic Party
Alexander VON Hafften SrFinance Analyst
Finance Analyst
William EnglishEconomist
Democratic Party
$5,250Democratic Party
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Federal Reserve System Employment Videos

Federal Reserve System Financial Performance

Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.


$100M - $1B

Founded in


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Federal Reserve System Competitors

Competitors of Federal Reserve System include D. E. Shaw & Co., Riskmetrics Group Holdings, and Moody's. The average salaries at D. E. Shaw & Co. rank the highest, with their employees earning an average salary of $107,893 per year. The employees at Riskmetrics Group Holdings earn an average yearly salary of $104,042 per year, and the salaries at Moody's average $101,732 per year.
Average Salarydesc
D. E. Shaw & Co.
Salary Range86k - 135k$108k$107,893
Riskmetrics Group Holdings
Salary Range82k - 130k$104k$104,042
Salary Range81k - 127k$102k$101,732
Federal Reserve Bank of New York
Salary Range81k - 124k$101k$100,844
Wellington Management Company
Salary Range79k - 123k$99k$99,245
NYSE Euronext
Salary Range75k - 126k$98k$97,780
Federal Reserve Bank of Richmond
Salary Range77k - 118k$96k$95,623
Federal Reserve Bank of SAN Francisco
Salary Range77k - 117k$95k$95,402
CME Group
Salary Range75k - 118k$94k$94,379
Interactive Data
Salary Range77k - 112k$94k$93,693

Frequently Asked Questions about Federal Reserve System

When was Federal Reserve System founded?

Federal Reserve System was founded in 1913.

How many Employees does Federal Reserve System have?

Federal Reserve System has 2,750 employees.

How much money does Federal Reserve System make?

Federal Reserve System generates $213.7M in revenue.

What industry is Federal Reserve System in?

Federal Reserve System is in the bank industry.

What is Federal Reserve System's mission?

Federal Reserve System's mission statement is "To foster the stability, integrity and efficiency of the nation's monetary, financial and payment systems in order to promote optimal macroeconomic performance."

What type of company is Federal Reserve System?

Federal Reserve System is a government company.

Who are Federal Reserve System's competitors?

Federal Reserve System competitors include Federal Reserve Bank of Kansas City, Federal Reserve Bank of SAN Francisco, International Monetary Fund, Federal Reserve Bank of Atlanta, Federal Reserve Bank of Richmond, Federal Reserve Bank of New York, Moody's, Interactive Data, Options Clearing, World Bank, Inter-American Development Bank, CME Group, Banco BPM Societa per Azioni, Data Service Solutions, D. E. Shaw & Co., Wellington Management Company, Riskmetrics Group Holdings, NYSE Euronext, Capital Group Companies, Integrys Business Support.

Who works at Federal Reserve System?

Jerome Powell (chairperson)

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Updated October 27, 2021

Zippia gives an in-depth look into the details of Federal Reserve System, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Federal Reserve System. The employee data is based on information from people who have self-reported their past or current employments at Federal Reserve System. 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. The data presented on this page does not represent the view of Federal Reserve System and its employees or that of Zippia.

Federal Reserve System may also be known as or be related to BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYS, Board of Governors of the Federal Reserve System, Federal Reserve and Federal Reserve System.