Report to the Congress on the Office of Minority and Women Inclusion, March 2013

Pursuant to section 342(e) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act), the Office of Diversity and Inclusion of the Board of Governors of the Federal Reserve System must submit an annual report to the Congress outlining the activities, successes, and challenges of the Office. This is the Office’s report for 2012. In January 2011, pursuant to section 342 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act), the Board of Governors of the Federal Reserve System (the Board) established its Office of Diversity and Inclusion (ODI) to promote diversity and inclusion. ODI builds on the Board’s long-standing efforts to promote equal employment opportunity and diversity and to foster diversity in procurement. The Board has welcomed the new requirements under section 342 as a complement to its existing efforts as well as an opportunity to strengthen those efforts. ODI’s mission and scope include the responsibilities identified in section 342 for the Office of Minority and Women Inclusion (OMWI), as well as Equal Employment Opportunity (EEO) compliance and programs, and initiatives addressing diversity and inclusion. Sheila Clark serves as the director of ODI.