Diversity, Equity & Inclusion
In our efforts to serve the public good, we actively promote collaboration between internal groups and external partners to ensure that we live out our values in the work we do and how we do that work. Our continuing efforts are essential to who we are as we work to foster economic opportunity for all.
Our vision is to build a diverse workforce and an equitable, inclusive workplace to help ensure our employees feel valued, respected and heard, and in return, deliver the best results for the communities we serve. We are committed to inclusion across race, ethnicity, gender, age, religion, veteran status, sexual orientation, gender identity, disability, neurodiversity, background and experience, which enables us to serve the public and our employees.
To close existing gaps that impede our progress toward our vision, our priorities are to:
- Create a workforce that is diverse across business lines and job levels—by setting clear and attainable goals that are tracked and reported regularly.
- Advance equity in our workplace and community by mitigating biases and increasing transparency in all people practices, processes and policies.
- Strengthen our culture of inclusion by driving inclusive leadership and behaviors through targeted education, refinement of our cultural norms, and accountability measures for all employees.
Employee Support Network Groups
Employee Support Network Groups (ESNGs) are groups of employees who come together based on similar interests, experiences, backgrounds and/or beliefs. They are crucial to building an inclusive culture at the Bank through professional development opportunities, cultural awareness experiences, social engagement and advisory support for all areas of the Bank to positively impact business results.
- Women's Impact Network
- Spectrum (LGBTQ & Allies)
- Family Resource Group
- Veterans Support Group
- ASPIRE (Asian Pacific Islander Resource Group)
- Conexión (Latinx)
- Black Impact Group
- Generation Empowerment Network
In addition to ESNGs, the Bank has a number of initiatives and communities of practice, including service groups devoted to social impact (volunteerism, environmentally sustainability), and more.
Our Supplier Diversity Program is a collaborative effort involving the Chicago Fed, the communities we serve and the diverse supplier community, including small businesses. We are committed to working with a diverse supplier base, making sure to include minority- and women-owned businesses in our procurement program. Learn more here.
Office of Minority & Women Inclusion
The Federal Reserve Bank of Chicago's Annual Report to Congress offers a comprehensive summary of the Bank's accomplishments, challenges and opportunities as they relate to minority and women employment, supplier diversity, and financial literary and community outreach. The Office of Minority and Women Inclusion (OMWI) was established by the Dodd-Frank Wall Street Reform and Consumer Protection Act, which was signed into law in 2010.
The Chicago Fed’s People & Culture department executes the responsibilities of OMWI under the leadership of Senior Vice President and OMWI Director Kathryn Medina.
Financial Services Pipeline Initiative
Recruiting and retention efforts are essential as the Bank continues to make significant gains to address minority representation in the financial services industry. Through the Financial Services Pipeline Initiative, the Bank participates in a collaborative of 20 Chicago-based financial services firms to address the lack of diversity in the financial sector, particularly the relatively low representation of African Americans and Latinos. For more information about this important work and the Bank’s commitment to leading these efforts, visit FSPChicago.org.