2020 Financial Institution Diversity Self-Assessments: Voluntary Self-Assessments Accepted Now through June 30, 2021
March 15, 2021 / Source: FDIC
Financial Institution Letter
The FDIC’s Office of Minority and Women Inclusion (OMWI) encourages all FDIC-supervised financial institutions 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 2020 reporting period is open until June 30, 2021.
Statement of Applicability: The information conveyed in this Financial Institution Letter (FIL) is applicable to all FDIC-supervised financial institutions with 100 or more employees.
- 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.
- Participation in the Financial Institution Diversity Self-Assessment (FID-SA) 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 self-assessment is fully automated and accessible online through the secure FDICconnect portal. The assessment can be completed electronically by multiple authorized users. Previous submissions can be viewed, and content from a previous submission can be easily imported for the current reporting period. Institutions can also attach supporting material, print their assessment, and save it to a .pdf format.
- If you need to obtain access to the FDICconnect portal, contact your institution’s FDICconnect Coordinator. If you do not know who your institution’s coordinator is, send an email to FDICconnect@fdic.gov.
- Additional resources to help you complete the self-assessment, including a user guide, facts sheet, and video tutorial, are available on the FID-SA Diversity Self-Assessment Portal webpage.
FDIC-Supervised Institutions (with 100 or more employees)
President/Chief Executive Officer
Human Resources Manager
Diversity & Inclusion Officer or equivalent
Supplier Diversity Officer or equivalent