Office of Minority & Women Inclusion (OMWI) Reports & Workforce Data
The Federal Reserve Board of Governors and each Federal Reserve Bank established an Office of Minority and Women Inclusion (OMWI) in January 2011, pursuant to Section 342 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd Frank). OMWI, known at the Richmond Fed as the Office of Diversity, Equity & Inclusion, is responsible for all matters related to diversity in management, employment, and business activities including developing standards for:
- Equal employment opportunity and racial, ethnic and gender diversity at all levels of the workforce
- Increased participation of minority-owned and women-owned businesses in programs and contracts
OMWI Reports to Congress
Each Reserve Bank is required to submit an annual report to Congress on its respective efforts to comply with Dodd Frank as it relates to contracting with qualified minority and women-owned businesses; assessing internal diversity and performing outreach to women and minorities; and assessing workforce diversity of contractors.
Our Office of Diversity, Equity & Inclusion provides a comprehensive account of the Richmond Fed’s successes, challenges and next steps to deliver on these areas of focus in our annual OMWI Report to Congress.
- 2023 Federal Reserve Bank of Richmond OMWI Report to Congress
- Board of Governors of the Federal Reserve System: OMWI Annual Report 2023
Previous Reports
Equal Employment Opportunity (EEO) Workforce Data
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Hispanic or Latino
Job Category Male Female Not Specified Executive/Sr Level Officials 1 0 0 First/Mid Level Officials 14 7 0 Professionals 82 42 1 Technicians 0 0 0 Sale Workers 0 0 0 Administrative Support Workers 0 5 0 Craft Workers 1 0 0 Operatives 3 2 0 Laborers and Helpers 1 0 0 Service Workers 9 0 0 Totals 111 56 1 EEO-1 Data December 31, 2023
- This information serves as a general snapshot of our Bank's overall employee composition to give the public a sense of who works for us. The race and gender categories as well as job categories are created by the Equal Employment Opportunity Commission (EEOC) and are the industry standard to measure and compare employee populations. At this time, other diversity groups that employees may identify themselves with — like religion, national origin, age, sexual orientation or disability — are not measured or required to be reported to the EEOC in the same way.
- View additional information regarding our Bank's diversity and inclusion practices.
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Non-Hispanic or Latino Male
Job Category American Indian or Alaska Native Asian Black or African American Native Hawaiian/
Other Pacific IslanderTwo or More Races White Not Specified Grand Total Executive/Sr Level Officials 0 3 1 0 1 7 0 12 First/Mid Level Officials 5 35 47 1 0 250 3 341 Professionals 7 246 191 1 13 873 19 1,350 Technicians 0 1 0 0 0 1 0 2 Sales Workers 0 0 0 0 0 1 0 1 Administrative Support Workers 0 0 0 0 0 3 1 4 Craft Workers 1 1 13 0 1 24 0 40 Operatives 0 6 14 1 0 13 0 34 Laborers and Helpers 0 0 2 0 0 3 0 5 Service Workers 0 4 31 0 1 38 1 75 Totals 13 296 299 3 16 1,213 24 1,864 EEO-1 Data December 31, 2023
- This information serves as a general snapshot of our Bank's overall employee composition to give the public a sense of who works for us. The race and gender categories as well as job categories are created by the Equal Employment Opportunity Commission (EEOC) and are the industry standard to measure and compare employee populations. At this time, other diversity groups that employees may identify themselves with — like religion, national origin, age, sexual orientation or disability — are not measured or required to be reported to the EEOC in the same way.
- Eight employees whose roles are categorized as Professionals chose not to disclose race/ethnicity or gender.
- View additional information regarding our Bank's Diversity and Inclusion practices.
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Non-Hispanic or Latino Female
Job Category American Indian or Alaska Native Asian Black or African American Native Hawaiian/
Other Pacific IslanderTwo or More Races White Not Specified Grand Total Executive/Sr Level Officials 0 1 0 0 0 9 0 10 First/Mid Level Officials 0 22 47 0 1 128 2 200 Professionals 3 131 218 0 10 469 18 849 Technicians 0 0 0 0 0 0 0 0 Sales Workers 0 0 0 0 0 1 0 1 Administrative Support Workers 0 1 27 0 2 39 1 70 Craft Workers 0 0 0 0 0 0 0 0 Operatives 0 2 14 0 0 5 1 22 Laborers and Helpers 0 0 0 0 0 1 0 1 Service Workers 0 0 9 1 0 5 0 15 Totals 3 157 315 1 13 657 22 1,168 EEO-1 Data December 31, 2023
- This information serves as a general snapshot of our Bank's overall employee composition to give the public a sense of who works for us. The race and gender categories as well as job categories are created by the Equal Employment Opportunity Commission (EEOC) and are the industry standard to measure and compare employee populations. At this time, other diversity groups that employees may identify themselves with — like religion, national origin, age, sexual orientation or disability — are not measured or required to be reported to the EEOC in the same way.
- Eight employees whose roles are categorized as Professionals chose not to disclose race/ethnicity or gender.
- View additional information regarding our Bank's Diversity and Inclusion practices.
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Overall Totals
Job Category Grand Total Executive/Sr Level Officials 23 First/Mid Level Officials 562 Professionals 2,331 Technicians 2 Sales Workers 2 Administrative Support Workers 79 Craft Workers 41 Operatives 61 Laborers and Helpers 7 Service Workers 99 Totals 3,207 EEO-1 Data December 31, 2023
- This information serves as a general snapshot of our Bank's overall employee composition to give the public a sense of who works for us. The race and gender categories as well as job categories are created by the Equal Employment Opportunity Commission (EEOC) and are the industry standard to measure and compare employee populations. At this time, other diversity groups that employees may identify themselves with — like religion, national origin, age, sexual orientation or disability — are not measured or required to be reported to the EEOC in the same way.
- View additional information regarding our Bank's Diversity and Inclusion practices.
Economist and Research Associate Diversity Data
The information below shows the racial/ethnic and gender makeup of employees with a Ph.D. in economics and research associates at the Richmond Fed. We employ economists across a wide range of areas of expertise. Research associates (RAs) are generally hired directly after undergraduate study and work alongside economists. RAs are usually in their positions for a few years and leave the role well-suited to pursue a graduate degree — often in economics.
Supplier Diversity
Our commitment to diversity, equity and inclusion extends to all of our business operations, including our procurement, which plays an important role in creating an ecosystem of diverse suppliers in our communities. We provide access and opportunity to diverse suppliers to participate in procurement and contracting processes throughout our Bank’s supply chain, educate about the importance of supplier diversity, raise awareness around opportunities and expand our reach through our Supplier Diversity Champions program. Learn more.