The Federal Reserve Board will vote Sept. 7 on a proposed budget of $387.6 million for the 2000 and 2001 fiscal years, a 4.9% increase from the current biennium.

In proposing the budget this week, the Fed said it would set aside money to pay merit raises of up to 4.4% next year and 4% in 2001.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.