Corporate Social Responsibility
Office of Women and Minority Inclusion Releases Annual Report to Congress
The Office of Minority and Women Inclusion (OMWI) of the Federal Reserve Bank of Chicago submitted its Annual Report to Congress, covering the period January 1 to December 31, 2015. The report provides a comprehensive summary of the Bank’s accomplishments, challenges and opportunities related to minority and women employment; inclusion of minority and women owned businesses (M/WBEs) in contracts; and financial literacy outreach initiatives. The report also provides year-to-year comparisons between 2014 and 2015 of diversity and inclusion indicators as they relate to workforce and supplier diversity. The progress outlined in the report reaffirms our ongoing commitment to diversity and inclusion, and demonstrates our continued interest in promoting these important objectives.
About Corporate Social Responsibility
Guided by the Corporate Social Responsibility Council, the Bank takes a holistic approach to its varied responsibilities, seeking to connect its internal and external practices with key initiatives that include:
- Diversity & Inclusion
The Bank supports a diverse and inclusive work environment where employees are respected, treated fairly, and given equal opportunities to perform to their fullest potential.
- Supplier Diversity
The Bank recognizes the importance of a diverse supplier base and is committed to including minority- and women-owned businesses in its procurement program.
- Financial Literacy
Money Smart Week is a series of free classes and activities designed to help consumers better manage their personal finances.
- Economic Education
Fed Challenge is an academic competition that provides students grades 9-12 the opportunity to study the U.S. economy through the lens of the U.S. Central Bank.
- Community Development & Policy Studies
The principal mission of the Community Development & Policy Studies division is to support economic growth objectives by studying and promoting fair access to financial services.
- Regional Economic Outreach
Economists at the Federal Reserve Bank of Chicago routinely carry out, and communicate the results of, a wide variety of research that relates to the welfare of the Midwestern economy.
The Federal Reserve Bank of Chicago incorporates into its daily activities a range of business practices that contribute to a cleaner and healthier environment.
Federal Reserve Bank of Chicago staff members participate on a regular basis in a variety of volunteer activities that help individuals and promote stronger communities.