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About the Office of Minority and Women Inclusion 

All FHLBanks and Office of Finance maintain an Office of Minority and Women Inclusion (OMWI) or designate and maintain an office to perform the responsibilities of the regulations. The OMWI at each bank reports to either the Chief Executive Officer or the Chief Operating Officer. The Board of Directors at each entity ensures the OMWI Officer and OMWI Office are adequately resourced to lead the organization’s efforts to foster inclusion and belonging. 

The OMWI continues to promote inclusion across the FHLBanks System. The annual “System-wide Conversation on Race” event provides employees and leaders with the context needed to serve members and their communities. Recent topics include the modern-day impact of redlining, and other topics relevant to affordable housing. 

These efforts connect team members from across the FHLBanks System with one another. The OMWI meet semi-annually to share best practices and upcoming activities.  

 

 

Federal Housing Finance Agency (FHFA) regulation 12 CFR Part 1223-Minority and Women Inclusion
This regulation requires the Federal Home Loan Banks, Freddie Mac, and Fannie Mae promote non-discrimination, diversity, and the inclusion of women, minorities, individuals with disabilities, women-, minority- and disabled-owned businesses, across employment, procurement, contracting, financial transactions, and all business activities.

The fall 2024 OMWI conference took place in Chicago, FHLBank

Figure 2: Attendees share ideas and best practices during a brainstorming session in Chicago. 
Figure 2: Attendees share ideas and best practices during a brainstorming session in Chicago.
 Figure 3: Chicago also hosted the 2024 Women in Leadership Forum. 
Figure 3: Chicago also hosted the 2024 Women in Leadership Forum.

The FHLBanks are committed to fostering belonging across all facets of the system. From system-wide initiatives to the stories shared by individual banks in this report, our commitment goes beyond the words on webpage. Our efforts are supported by the OMWI, a committed Board of Directors, and the dedicated leaders and team members at each regional bank. We look forward to sharing updates with you in 2025 and beyond.