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Friday, October 24, 2014

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Diversity & Inclusion

The Federal Reserve Bank of Philadelphia’s Office of Diversity and Inclusion develops standards and procedures to ensure the inclusion of minorities and women in all matters relating to diversity in management, employment, and business activities. In recent years, the Bank has instituted several initiatives to support its commitment, including a Diversity Council of Bank employees who meet regularly to foster a greater appreciation of workplace diversity, an active diversity recruitment program, and a program to increase women- and minority-owned businesses in the Bank’s supplier ranks.

The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 required each Reserve Bank and the Board of Governors, as well as other regulatory agencies, to establish an Office of Minority and Women Inclusion (OMWI). External Link Our Office of Diversity and Inclusion was created to meet the goals of this initiative.

The Dodd-Frank Act requires each Federal Reserve Bank to prepare an annual report to Congress regarding diversity and inclusion actions, along with its current EEO data PDF. View the 2013 “Report to the Congress” by the Philadelphia Fed. PDF (5.48 MB, 26 pages)

For questions relating to diversity and inclusion at the Philadelphia Fed, please contact diversity@phil.frb.org. E-mail

Diversity at the Fed

Diversity Council logoThe Bank values diversity among employees in terms of race, ethnicity, sexual orientation, socio-economic status, age, religious beliefs, political beliefs, and other attributes that differentiate individuals.

The Bank's Diversity Council fosters an appreciation within the Bank for the diversity of its population and recognizes the value of the contributions made by all staff members throughout the organization.

Learn more about diversity at the Bank.

Supplier Diversity

The Bank recognizes the importance of a diverse supplier base and is committed to supplier diversity.

It is our mission to seek, identify, and foster business relationships with, and purchase goods and services from, certified small businesses, including businesses owned by minorities, women, veterans, and disabled persons.

Learn more about becoming a supplier for the Philadelphia Fed.

Diversity in Recruitment

In addition to posting open positions on Monster.com External Link and Careerbuilder.com External Link, the Bank lists job openings on Diversity Alliances, which reaches a broad audience through BET, Black Perspective, Essence, HispanicOnline, Hispanic Today, NAACP, GayWork, Women in Business & Industry, iVillage, BlackVoices, BlackWorld, Veterans Enterprise, TerraLycos, Univision, and US Diversity.com.

The Bank also advertises with Campus Publications, Inc., which distributes Job Search Journals to 62 historically black colleges and universities in 21 states.

Browse the current job openings at the Bank.

Partnership for Progress

Partnership for Progress logoPartnership for Progress is a Federal Reserve System program created to preserve and promote minority-owned institutions and enhance their ability to thrive in an increasingly competitive banking environment.

Supporting minority-owned institutions is fundamental to the Federal Reserve’s mission to provide a safe, sound, and accessible banking system that protects consumers and promotes competition.

Learn more about the Partnership for Progress program. External Link

  • Last update: April 1, 2014

Diversity Staff

Mary Ann Hood

Mary Ann Hood, Senior Vice President and Director

Karen J. Vaughn

Karen J. Vaughn, Associate Director

President's Message

President Plosser"Diversity is not just about celebrating differences in ethnicity and gender. It is also a celebration of life experiences and different approaches to analyzing and solving problems at work. It's what we bring to our jobs.

To be a leader you must be creative and innovative. Success requires different points of view about how we do things. So it's important to cultivate an environment that strengthens and supports diversity."

Charles Plosser