Report to the Congress on the Office of Minority and Women Inclusion, March 2017

The Board of Governors of the Federal Reserve System (Board) is responsible for implementing numerous provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act). The Dodd-Frank Act requires, among other things, that the Board produce reports to Congress on a number of topics. As required by the Dodd-Frank Act, the OMWI submits an annual report to the Congress outlining its activities, successes, and challenges. This is the Board’s OMWI report for calendar-year 2016. Each of the Federal Reserve Banks also submits a separate report to the Congress summarizing its OMWI efforts and achievements. The next sections of this report highlight the Board’s progress in four key areas: equal employment of minorities and women at the Board; inclusion of minority-owned and women-owned businesses in the Board’s acquisition process; financial literacy activities aimed at minorities and women; and assessment of the diversity policies and practices of regulated entities.