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Showing posts with the label FRB of Kansas City

Federal Reserve Bank of Kansas City First to release OMWI Report to Congress

The Federal Reserve Bank of Kansas City released their Office of Women and Minority Inclusion (OMWI) Report to Congress today. (See: http://www.kc.frb.org/publicat/aboutus/2011-omwi-congress-report.pdf)

They are the first OMWI Office to do so.

Under the terms of the statute (Dodd/Frank Section 342) all OMWI offices will have to release a report to Congress on their initial activities.

The 21 page Report covers employment diversity, business inclusion and outreach in a pretty standard way. Their track record in this area is solid.

Of course, the Federal Reserve Bank of Kansas City is the only one with a woman CEO. This appears to have helped. (In the interst of full disclosure, let me note that I spoke at a Bank Symposium on Minority-owned banks. This was, however, some time ago....)