Summary:

The FDIC’s Office of Minority and Women Inclusion (OMWI) encourages all FDIC-supervised financial institutions, particularly those with 100 or more employees, to submit voluntary self-assessments of their diversity policies and practices.  The FDIC 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 FDIC-supervised financial institutions.

Highlights:

• OMWI’s Financial Institution Diversity program assesses the diversity policies and practices among FDIC-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 FDIC 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 FDIC-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 FDIC 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 FDIC 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 FDIC connect portal, contact your institution’s FDIC connect Coordinator.  If you do not know who your institution’s coordinator is, send an email to FDIC connect @fdic.gov .