This report contains detailed data on average salaries in the comparison institutions of the University of California and the California State University. It analyzes raw data submitted by comparison institutions for the University and State University and then provides a detailed written analysis of faculty salary parity computations. It is noted that for the 1991-92 academic year, the estimated faculty salary parity amount for the University is a 3.5% increase and for the State University is a 4.1% increase. The report includes analysis of salary increases granted for the past 13 years in California compared to increases in the national and California Consumer Price Indexes. It also presents a discussion of faculty compensation beyond the standard scale for the past 2 years at the University of California and the implications of these high salaries for the University's ability to attract the finest scholars in the nation. It is further noted that comparative analysis shows the University of California has been able to maintain a competitive position over the past 5 years, while the State University has improved its position in each of its faculty ladder ranks. Appendices include Senate Resolution No. 51, 1965, and the methods for calculating salary and fringe benefit comparisons. Contains six references. (GLR)