This Cato report on Federal Reserve employee pay is interesting because it shows the significant differences between government and private company compensation practices. I urge you to read the article; it’s not long.
One could argue that they have all these really bright economists working away in the Federal Reserve system which would raise the pay scale, but perhaps you didn’t know that they have (as of 2009) about 17,000 employees. So, it is probably a fair comparison.
The 12 regional bank presidents (apostles?) do OK: average pay is $340,323. There are 1,183 “officers” in the Federal Reserve system with an average salary of $198,960, up 94% from 1995. What a great place to work! And, you get to make money in the literal sense.
Now the really interesting question is whether they have automatic inflation adjustments to their salaries. They are going to need them.