The Federal Reserve Bank of Kansas City released their Office of Women and Minority Inclusion (OMWI) Report to Congress today. (See: http://www.kc.frb.org/publicat/aboutus/2011-omwi-congress-report.pdf)
They are the first OMWI Office to do so.
Under the terms of the statute (Dodd/Frank Section 342) all OMWI offices will have to release a report to Congress on their initial activities.
The 21 page Report covers employment diversity, business inclusion and outreach in a pretty standard way. Their track record in this area is solid.
Of course, the Federal Reserve Bank of Kansas City is the only one with a woman CEO. This appears to have helped. (In the interst of full disclosure, let me note that I spoke at a Bank Symposium on Minority-owned banks. This was, however, some time ago....)
They are the first OMWI Office to do so.
Under the terms of the statute (Dodd/Frank Section 342) all OMWI offices will have to release a report to Congress on their initial activities.
The 21 page Report covers employment diversity, business inclusion and outreach in a pretty standard way. Their track record in this area is solid.
Of course, the Federal Reserve Bank of Kansas City is the only one with a woman CEO. This appears to have helped. (In the interst of full disclosure, let me note that I spoke at a Bank Symposium on Minority-owned banks. This was, however, some time ago....)