Office of Minority & Women Inclusion (OMWI)

The Federal Reserve Board of Governors and each Federal Reserve Bank established an Office of Minority and Women Inclusion (OMWI) in early 2011, pursuant to Section 342 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd Frank).

Congressional Reports

Each Reserve Bank is required to submit an annual report to Congress on its respective efforts to comply with Dodd Frank’s OMWI provisions. Among other things, this report is required to address our Bank’s successes and challenges in operating minority and women outreach programs, in hiring qualified minority and women employees, and in contracting with qualified minority and women-owned businesses. Here is the 2024 Federal Reserve Bank of Richmond OMWI Annual Report to Congress