Section 342 of the Dodd-Frank Act requires the St. Louis Fed to submit to Congress an annual report on its previous year's OMWI efforts. The St. Louis Fed's report, released March 31, 2021, is the 10th such report since the creation of its OMWI in January 2011. The report details the St. Louis Fed's 2020 OMWI activities related to employment, procurement and financial literacy. Read the 2020 report (PDF).
Established by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the Federal Reserve Bank of St. Louis' Office of Minority and Women Inclusion is responsible for developing standards and procedures to ensure the inclusion of minorities, women, and women-owned and minority-owned business in all activities of the Bank, including procurement and workforce diversity. The Office of Minority and Women Inclusion is also required to report annually to Congress on procurement activities, on recruiting and hiring practices as they relate to minorities and women, and on contracting with qualified minority-owned and women-owned businesses.
The St. Louis Fed is a great place for you to begin a rewarding career that's filled with possibilities. We're committed to improving workforce diversity at all levels, because having a diverse staff strengthens both the St. Louis Fed and the communities we serve.
We seek to do business with a wide, diverse range of responsible suppliers for a variety of goods and services. We encourage the participation of small businesses and minority- and women-owned businesses to compete for procurement contracts.
For decades, the St. Louis Fed has been actively involved in developing and delivering economic education and financial literacy programs to schools and educators throughout the Eighth District and nationwide. Because financial literacy empowers consumers to make choices that will contribute to their well-being, we make a positive impact on inner-city, girls' and majority-minority schools.