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Summary:

The �౦��Ϸ����’s Office of Minority and Women Inclusion (OMWI) encourages all �౦��Ϸ����-supervised financial institutions, particularly those with 100 or more employees, to submit voluntary self-assessments of their diversity policies and practices.  The �౦��Ϸ���� gathers and analyzes this information in accordance with Section 342 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.  The window for submissions for the 2021 reporting period is open until June 30, 2022.

Statement of Applicability: The information conveyed in this Financial Institution Letter (FIL) is applicable to all �౦��Ϸ����-supervised financial institutions.

Highlights:

• OMWI’s Financial Institution Diversity program assesses the diversity policies and practices among �౦��Ϸ����-supervised financial institutions in the following areas:
  • Organizational commitment to diversity and inclusion,
  • Workforce profile and employment practices,
  • Procurement and business practices/supplier diversity,
  • Practices to promote transparency of organizational diversity and inclusion, and
  • Entities’ self-assessment.
• The �౦��Ϸ���� provides a user guide, a submission demonstration video, and other resources to help institutions assess, and identify ways to strengthen, their diversity policies and practices.
• Submission of Financial Institution Diversity Self-Assessment (FID-SA) information is voluntary but encouraged for all �౦��Ϸ����-supervised financial institutions with 100 or more employees.  The assessment is not an examination requirement; results have no impact on an institution’s safety and soundness, consumer compliance, or CRA examination ratings.
• The �౦��Ϸ���� treats all information gathered through the self-assessments as confidential commercial information. Requests for data or information will be processed in accordance with the Freedom of Information Act.
• The diversity self-assessment form is fully automated and accessible online through the secure �౦��Ϸ���� connect portal .  Multiple authorized users can complete the self-assessment electronically, view previous submissions, and easily import content from a previous submission for the current reporting period.
• If you need to obtain access to the �౦��Ϸ���� connect portal, contact your institution’s �౦��Ϸ���� connect Coordinator.  If you do not know who your institution’s coordinator is, send an email to �౦��Ϸ���� connect @fdic.gov.