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Bernanke also earned money from royalties from two college textbooks he wrote. The earnings from one were estimated at between $50,000 and $100,000, the other at between $100,000 and $1 million. This was the largest amount he received last year outside his Fed salary. His salary this year totals $199,700, the same as earned by a Cabinet secretary. The government also released disclosure forms for the other officials on the seven-member Fed board. This group, along with the heads of Fed's 12 regional banks, take part in the meetings eight times a year in which interest rate policies are set. According to documents released as part of his Senate confirmation, the richest member of the Fed board is Jerome Powell, a former private equity executive. Powell, along with former Harvard professor Jeremy Stein, took office as Fed board members this year after being nominated by President Barack Obama. Powell, who once worked at investment bank Dillon Read & Co. and also the Carlyle Group, had investments that ran into the tens of millions of dollars, the disclosure forms showed. Those investments were detailed in a disclosure filing that ran to 196 pages. By contrast, Bernanke's 2011 disclosure form totaled seven pages.
[Associated
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