Federal Reserve Bank of St. Louis Named 52nd Mosaic Ambassador Organization
ST. LOUIS – The Federal Reserve Bank of St. Louis, one of 12 regional Reserve banks in the Federal Reserve System, the nation’s central bank, became the St. Louis Mosaic Project’s 52nd Ambassador Organization.
As a Mosaic Ambassador Organization, the St. Louis Fed commits to valuing and maintaining an internationally welcoming work environment. This new relationship will allow the Bank to expand its talent pool by tapping into the region’s foreign-born community for tailored recruitment opportunities. The St. Louis Fed will also continue to support the growing international community in St. Louis by highlighting stories of the Bank’s immigrant and international employees in internal communication channels as well as on the Mosaic website.
The St. Louis Fed will also spread awareness of the St. Louis Mosaic Project and encourage employees to become Mosaic Ambassadors and participate in volunteer opportunities that support international communities. In addition, the St. Louis Fed will host an event for its employees to learn about Mosaic’s International Spouse, International Mentoring and Professional Connector programs–all of which help deepen foreign-born employees’ sense of belonging in the region.
“Infusing diverse ideas throughout the Bank and creating inclusive environments is fundamental to who we are as an organization. Our designation as a Mosaic Ambassador Organization furthers this,” said Desiree Coleman-Fry, vice president of diversity, equity and inclusion and director of the Office of Minority and Women Inclusion (OMWI) at the St. Louis Fed.
“One of the key goals of the Mosaic Project is to highlight how the region’s foreign-born and immigrant populations strengthen our main streets and boardrooms,” said Betsy Cohen, executive director of the St. Louis Mosaic Project. “Having the St. Louis Fed join our efforts will allow us to broaden this important economic impact narrative.”
About the St. Louis Mosaic ProjectThe St. Louis Mosaic Project was launched in 2012 in response to an economic impact report that outlined that St. Louis was lagging in immigrant growth and that highlighted the economic benefits of increasing the area’s foreign-born population. The Mosaic Project is a regional initiative professionally managed by the St. Louis Economic Development Partnership, World Trade Center St. Louis and a 32-member committee. Its goals are to transform St. Louis into the fastest growing major metropolitan area for immigration by 2025 and to design and support regional attraction strategies. More: stlmosaicproject.org.
About the St. Louis Fed
Headquartered in St. Louis, with branches in Little Rock, Ark., Louisville, Ky., and Memphis, Tenn., the Federal Reserve Bank of St. Louis serves the states that comprise the Federal Reserve’s Eighth District, which includes all of Arkansas, eastern Missouri, southern Indiana, southern Illinois, western Kentucky, western Tennessee and northern Mississippi. The St. Louis Fed is one of 12 regional Reserve banks that, along with the Board of Governors in Washington, D.C., comprise the Federal Reserve System. As the nation’s central bank, the Federal Reserve System formulates U.S. monetary policy, regulates state-chartered member banks and bank holding companies, provides payment services to financial institutions and the U.S. government, and promotes financial literacy, economic education, and community development. For more information, visit stlouisfed.org.