Again, the financial environment contributed to developments in policy implementation. The balance of policy power shifted from the regions to the center, when the Banking Act of 1935 established the Federal Open Market Committee in its modern form, with the Board having the majority of votes.
In particular, the Bank has established a merit driven promotional regime. Other significant achievements in the area of human resources are the streamlining of the salary structure, measures to guarantee the sustainability of the Retirement Benefits Scheme and the succession management policy.