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UNDUE HARDSHIP

In order for an employer to legally refuse to accommodate an applicant's or an employee's handicap or religious beliefs, the employer must be able to show that such accommodation would place a severe burden on the operation of the business. See Reasonable

Accommodations.

UNLAWFUL EMPLOYMENT PRACTICE

Any policy or practice that has discriminatory intent or effect.

HENRY B GONZALEZ, TEXAS, CHAIRMAN

STEPHEN L. NEAL NORTH CAROLINA
JOHN J LAFALCE, NEW YORK
BRUCE F VENTO MINNESOTA
CHARLES E SCHUMER NEW YORK
BARNEY FRANK, MASSACHUSETTS
PAUL E KANJORSKI, PENNSYLVANIA
JOSEPH P KENNEDY H, MASSACHUSETTS
FLOYD H FLAKE NEW YORK

KWEISI MFUME MARYLAND

MAXINE WATERS CALIFORNIA

LARRY LAROCCO IDAHO

BILL ORTON UTAM

JIM BACCHUS FLORIDA

HERBERT C KLEIN NEW JERSEY

CAROLYN 8 MALONEY NEW YORK

PETER DEUTSCH FLORIDA

LUIS V GUTIERREZ ILLINOIS

BOBBY L AUSH ILLINOIS

LUCILLE ROYBAL ALLARD CALIFORNIA
THOMAS M BARRETT WISCONSIN

ELIZABETH FURSE OREGON

NYDIA M VELAZQUEZ NEW YORK
ALBERT R WYNN MARYLAND

CLEO FIELDS LOUISIANA

MELVIN WATT, NORTH CAROLINA
MAURICE HINCHEY NEW YORK

CALVIN M DOOLEY CALIFORNIA
RON KLINK PENNSYLVANIA
ERIC FINGERHUT, OHIO

U.S. HOUSE OF REPRESENTATIVES
COMMITTEE ON BANKING, FINANCE AND URBAN AFFAIRS

ONE HUNDRED THIRD CONGRESS

2129 RAYBURN HOUSE OFFICE BUILDING
WASHINGTON, DC 20515-6050

August 3, 1993

JAMES A LEACH, IOWA

BILL MCCOLLUM, FLORIDA

MARGE ROUKEMA NEW JERSEY

DOUG BEREUTER, NEBRASKA

THOMAS RIDGE PENNSYLVANIA
TOBY ROTH WISCONSIN

ALFRED A MCCANDLESS CALIFORNIA

RICHARD H BAKER LOUISIANA

JIM NUSSLE, IOWA
CRAIG THOMAS WYOMING
SAM JOHNSON, TEXAS
DEBORAH PRYCE ONIO
JOHN LINDER GEORGIA
JOE KNOLLENBERG MICHIGAN
RICK LAZIO NEW YORK
ROD GRAMS MINNESOTA
SPENCER BACHUS I ALABAMA
MIKE HUFFINGTON CALIFORNIA
MICHAEL CASTLE DELAWARE
PETER KING NEW YORK
BERNARD SANDERS. VERMONT

(202) 225-4247

Mr. Richard F. Syron

President

Federal Reserve Bank of Boston

P.O. Box 2076

Boston, Massachusetts 02106-2076

Dear President Syron:

Last year, the Committee requested and you provided information regarding equal employment opportunity at the Federal Reserve Bank of Boston. As part of our continuing oversight under Rule X of the House of Repre-entatives of the operation and activities of the agencies and departments subject to the Committee's legislative jurisdiction, the Committee on Banking, Finance and Urban Affairs requests updated answers to the following questions;

1.

With respect to the internal structure of the Federal Reserve Bank of Boston:

a. Provide current staffing statistics for the bank showing the number employees for each pay grade, by race, sex, and disability, as of Include a separate breakdown for race and sex of the ten highest paid ten percent highest paid employees and the ten percent lowest paid

and percentage of
December 31, 1992.
employees, the top
employees.

b. Provide a description of the responsibilities and qualifications for each job category represented at the bank. For each pay grade, please provide staffing statistics by job category.

C. If the personnel or structure in the office which administers your equal employment opportunity programs has changed since your July 1992 response, please describe the current structure and personnel composition of this office.

d. Describe and attach copies of all current policies and procedures regarding equal employment opportunity. What goals does the bank have for 1994?

e. Please provide an evaluation of the process by which the bank sets its

Page 2, President Syron

f. Please analyze the impact of your equal opportunity employment policies and goals in relation to the bank's actual employee statistics. Describe in what ways these goals and policies may be adjusted to encourage greater minority and women hiring and advancement.

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a. Describe in detail any formal or informal policies on cash awards, merit awards, bonuses, geographical differentials, travel reimbursements, membership dues in private clubs and associations and any other compensation or benefits programs. List the criteria that are used for eligibility for each program.

b. Provide separately for each category of compensation a list by pay grade, any cash awards, merit awards or any other bonuses paid in 1992. Include in this list a breakdown for minority and women employees.

C. Please provide information on the compensation and benefit expenses for the bank for FY 1992. What are the anticipated compensation and benefit expenditures for FY 1993?

3. With respect to complaints based on any applicable equal employment opportunity or pertinent civil rights laws, and your complaint resolution process:

a.

b.

Describe in detail your complaint resolution process.

How many complaints, claims, notices, allegations or charges,

informal or formal, were filed for calendar year 1992?

C.

For each category listed in b. above, please give a breakdown of the grounds alleged for discrimination by category, whether race, religion, sex, national origin, or age, and the status or resolution of the complaint.

Thank you for your attention to and consideration of this matter. I would appreciate a response by September 10, 1993. If you have any questions please do not hesitate to contact Michele McMahon of my staff at (202) 225-4247.

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I am again pleased to furnish you with information on our Affirmative Action, Equal Employment Opportunity and compensation and benefit programs as requested in your letter of August 3. We have used a format similar to our 1992 response. The first document in the enclosed response answers each of your questions in detail, and supplemental information follows. We have also enclosed a copy of our 1993 Affirmative Action Plan.

The Federal Reserve Bank of Boston continues its strong commitment to Affirmative Action and Equal Employment Opportunity (EEO). All management personnel continue to be held responsible for affirmative action goals and are evaluated annually on their performance in this area. Our Board of Directors takes an active role in ensuring that all EEO policies are administered in a fair and equitable manner and that the Bank provides challenging opportunities for minorities and females.

In the past year, the Bank took additional steps to ensure that its employees work in an atmosphere that is free of discrimination, harassment and unfairness. The Bank adopted a broad anti-harassment policy and established an Employee Representative Program to provide employees with an additional process of raising and resolving issues of discrimination, harassment or unfairness. Nine Bank employees from diverse backgrounds and cultures have been appointed as Employee Representatives. These people are charged with listening to issues brought by employees, investigating the validity of the claims and communicating

The Honorable Henry Gonzalez
September 9, 1993
Page Two

the issues to appropriate personnel for resolution. This program is headed by one of the Employee Representatives who reports directly to the Bank's Chief Operating Officer.

In addition, the Bank is vigorously working to promote and celebrate the diversity of its employees. A new publication called Perspectives was developed to focus on the richness of our diversity and to help recruit more minorities and females into the professional ranks of the Bank. We have included several copies of Perspectives for your review. Also, the Bank recently held an event to celebrate the many diverse cultures represented in our employee population. We are confident that these efforts will promote harmony and understanding in the Bank.

The Bank continues its active involvement in training low income workers with the Boston Private Industry Council and its work with the Community Reinvestment Act. The Bank is very pro-active in areas of community investment and participates in a host of community-related activities.

I will be happy to discuss any information in this material with you or your staff in greater detail should you desire to do so. Additionally, First Vice President Cathy E. Minehan, the Bank's Chief Operating Officer, and Senior Vice President and General Counsel William N. McDonough, the Bank's senior Personnel Officer, are available to discuss this information. They may be reached at (617) 973-3832 and (617) 973-3528, respectively.

Thank you.

Sincerely,

All The Best! Dick Synon

Richard F. Syron

President and Chief Executive Officer

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