Poole got 14% raise in final year
Bill Poole, who recently retired as president of the St. Louis Federal Reserve Bank, got a 14 percent salary increase last year. His salary of $356,000 — fifth highest among the 12 regional Fed presidents — was disclosed today in the Federal Reserve Board’s annual report. Regional presidents’ salaries are based partly on seniority, with larger-than-usual raises every three years. Last year, Poole’s $311,000 salary ranked seventh among his peers.
Another eyebrow-raising disclosure in the annual report: Auditors Deloitte & Touche found deficiencies in our central bank’s internal controls. The deficiencies were “within the general computer control environment.” Deloitte comments:
These deficiencies individually are not considered significant deficiencies, however, when considered collectively, aggregate to a significant deficiency.
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David Nicklaus has covered St. Louis business for more than 25 years. His column appears three days a week on the Post-Dispatch business page. 
