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Our Commitment to Supplier Diversity

Our Commitment to Supplier Diversity

The Federal Reserve Bank of Chicago recognizes the importance of a diverse supplier base and is committed to building meaningful business opportunities for diverse businesses.  Accordingly, the Bank has a thorough and robust Supplier Diversity Program strategy that is committed to the fair inclusion of certified diverse businesses owned by minorities, women, veterans, disabled persons, and lesbian, gay, bisexual and/or transgender persons to compete for acquisitions through a competitive bid process.

At the Chicago Fed we embrace Diversity and Inclusion (D&I), and we have a deep commitment to creating a culture of inclusion and belonging, and that commitment can be seen across our Bank’s vision, values and strategic priorities, as well as within our business line goals and high priority initiatives.

The work we do across the Seventh District is guided by the D&I Framework that was created in 2018. The Framework focuses on three strategic areas: culture, talent pipeline and community. These areas center on: improving employee engagement; reducing parity gaps in hiring, promoting and retaining talent; and attracting minority & female talent, influencing minority representation in the financial services industry and supporting minority- and women-owned business enterprises.

The Chicago Fed’s support of diverse suppliers promotes economic opportunities and contributes to the local economies of the Seventh Federal Reserve District, which consists of Wisconsin, Iowa, Illinois, Indiana and Michigan.

About Our Supplier Diversity Program

Our Supplier Diversity Program is a collaborative effort involving the Bank, the communities we serve and the diverse supplier community, including small businesses. We see to enhance our partnerships with advocacy groups and chambers of commerce to identify suppliers whose expertise match our organization’s needs. In 2019, our Supplier Diversity efforts received “The Veteran Champion” award recognition from the National Veteran Business Development Council.

Our Partners

  • National Minority Supplier Development Council (NMSDC)
  • Women’s Business Enterprise National Council (WBENC)
  • Financial Services Roundtable for Supplier Diversity (FSRSD)
  • Chicago Minority Supplier Development Council (Chicago MSDC)
  • Chicago United (CU)
  • Women’s Business Development Center (WBDC)
  • Illinois Hispanic Chamber of Commerce (IHCC)
  • Michigan Minority Supplier Development Council (MMSDC)
  • Women’s Business Enterprise Council – Great Lakes (WBEC-Great Lakes)
  • Asian Pacific American Chamber of Commerce (APACC)
  • National Veteran Business Development Council (NVBDC)
  • Council of Supplier Diversity Professionals (CSDP)

Policy of Non-Discrimination in Contracting

The Federal Reserve Bank of Chicago carries out its procurement activities based on qualifications and merit and does not discriminate on the basis of race, color, national origin, religion, gender, sexual orientation, age or disability in its contracting and procurement activities.

Outreach

As part of the Bank's commitment to supplier diversity, the Bank participates in supplier fairs, national or local chapters of supplier organizations, and small business and minority- and women-owned small business conferences. The Bank is committed to creating awareness within the community about its procurements and processes.
Contact Us
Mark Hands, Supplier Diversity Program Manager
(312) 322-2968
E-Mail
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Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604-1413, USA. Tel. (312) 322-5322

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