The Board of Governors and each Federal Reserve Bank established an Office of Minority and Women Inclusion (OMWI) in January 2011, pursuant to Section 342 of the Dodd–Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd Frank). OMWI is responsible for all matters related to diversity in management, employment, and business activities including developing standards for:
- Equal employment opportunity and the racial, ethnic, and gender diversity at all levels of the workforce; and,
- Increased participation of minority-owned and women-owned businesses in programs and contracts.
Dodd Frank also requires submission of an annual report to Congress discussing OMWI’s efforts to comply with Dodd Frank as it relates to contracting with qualified minority and women-owned businesses; assessing internal diversity and performing outreach to women and minorities; and assessing workforce diversity of contractors.
2023 Report to Congress on the Office of Minority and Women Inclusion
In accordance with the Dodd Fank requirements, the Federal Reserve Bank of Philadelphia submitted the annual report to Congress on March 29, 2024. You can also view the Board of Governors' 2023 OMWI annual report.