Diversity, Inclusion, and Equal Employment Opportunity

Message from the President
The Office of Diversity and EEO
Diversity Advisory Council
Diversity and Inclusion Council
Diversity Mission
Diversity Vision
Equal Employment Opportunity Statement
Supplier Diversity

Message from the President
The Bank is committed to diversity, and to respect for people and their capabilities regardless of their race, gender, national origin, sexual orientation, disability, age, religion, or any such factor or attribute.  As Bank president, I am committed to building on and improving on the Bank’s tradition of diversity, equal opportunity, and inclusion. I believe it is only with a diverse and inclusive workplace that the Bank can truly perform at its best, carry out its mission, and make a difference for the public we are here to serve.
Eric Rosengren, President and CEO

About the Office of Diversity and EEO
The Office of Diversity and Equal Employment Opportunity (Diversity Office) is a formally established department of the Bank dedicated to advancing and supporting diversity, inclusion, and equal employment opportunity at the Federal Reserve Bank of Boston.

Responsibilities of the Diversity Office

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Diversity Advisory Council         
In May 2009, the Bank established an external Diversity Advisory Council to work collaboratively with the President and the Office of Diversity to provide advice, counsel, thought leadership, and feedback regarding actions, initiatives, and strategies the Federal Reserve Bank of Boston can undertake:

• To improve diversity within the FRBB at upper levels; and
  
  
• To make meaningful contributions, aligned with the FRBB’s strengths and resources, to improving workplace diversity at upper levels in firms and institutions located in the First District community. 

The Diversity Advisory Council is comprised of recognized diversity business leaders from the New England region.

Diversity and Inclusion Council
The Diversity and Inclusion Council is an internal advisory body to the Diversity Office. It is comprised of 10-15 members (employees) representing a diverse cross-section of the Bank. It assists the Diversity Office in carrying out its responsibilities to support, advance, and promote the Bank’s principles, strategies, and objectives relative to diversity and inclusion. Additionally, the Council provides a systematic and recognized forum for raising diversity issues or concerns; sharing ideas and information on diversity topics, initiatives, and events; leveraging organizational resources in support of diversity and inclusion; and strengthening the Bank’s efforts to retain and recruit a more diverse workforce and improve diversity in the management pipeline. Council members serve as ambassadors for the Bank’s diversity and inclusion efforts.

Diversity Mission
The Bank’s diversity mission is to create an organization that reaps the full benefits of diversity for our employees, our constituents, and the community at large.

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Diversity Vision
Our vision is to achieve the highest standards of excellence in diversity leadership. Specifically, we aspire to:

• Ensure diversity at every level of the organization by:
• Reflecting the diversity of the relevant applicant pools;
• Partnering with others to increase the diversity of the pipeline of candidates; and
• Working proactively to make certain that our recruitment and retention practices keep pace with an increasingly professional and diverse workforce.
  
  
• Be recognized by our employees, our customers, and the community as an institution where internal and external opportunities and rewards are allocated on the basis of performance and contributions.
  
  
• Make diversity and inclusion a conscious part of every employee’s business conduct and of our organizational culture.
  
  
• Foster an environment of open, responsive, and proactive communication.
  
  
• Sustain and nurture our diversity efforts through frequent, critical self-reflection.

Realizing our vision will promote a work environment characterized by creativity, dynamism, responsiveness, pro-activeness, integrity, honesty, fairness and respect. This will help the Bank achieve its mission and support its values.

Equal Employment Opportunity Statement
The Board of Directors has declared unanimously that it is policy of the Federal Reserve Bank of Boston to:

• Provide equal opportunity to all persons without regard to race, religion, color, national origin, sex, age, disability, sexual orientation, gender identity, or genetic information in all actions, including employment, promotion, transfer, termination, wages, benefits and other conditions and privileges of employment.
  
  
• Take action to prevent harassment or intimidation of all employees and to ensure that there is no retaliation against individuals who exercise rights protected by the policy.
  
  
• Encourage participation by minority vendors in supplying needed goods and services in the Banks’ purchasing requirements.
  
  
• Encourage equal opportunities among the Bank’s contractors.
  
  
• Establish valid and reliable criteria against which to measure the success of the equal opportunity efforts.
  
  
• Provide an example of achievement to the financial community of the First District and to the Federal Reserve System in ensuring equal opportunities.
  
  
• Provide information and technical assistance as requested to financial institutions in the First District regarding establishment and administration of equal opportunity programs.
  
  
• Delegate to officers, managers, and supervisors the responsibility for achieving the equal opportunity objectives within their respective areas of administration.
  
  
• Be an active participant in community activities directed toward improved educational and employment training opportunities for the economically disadvantaged.

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