A bill to amend chapter 53 of title 5, United States Code, to increase the salaries of the Chairman and members of the Federal Reserve Board.

Increases the salaries of: (1) the Chairman of the Board of Governors of the Federal Reserve System by reclassifying the position (currently at level II of the Executive Schedule) as a position at level I of the Executive Schedule; and (2) the members of the Board by reclassifying such positions (currently at level III of the Executive Schedule) as positions at level II of the Executive Schedule.