Compensation of Deputy Governors

Daniel L. Monson, General Counsel at the Farm Credit Administration (FCA) requested an opinion as to whether the compensation payable to the five Deputy Governors of FCA is limited by the compensation of the Governor. Compensation of Deputy Governors is authorized to be fixed at not to exceed the maximum scheduled rate of the general schedule. Such compensation may not exceed the rate for level V of the executive schedule. Higher amounts shown on the general schedule are merely projections of what rates would be without the limitations stipulated in 5 U.S.C. 5308.