FDIC Advisory Committee on 

Community Banking 

July 28, 2020 

Diversity and Inclusion at Financial Institutions 
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Financial Institution Diversity Self-Assessment (FID-SA) 

 Dodd-Frank Section 342(b)(2)(C) requires the FDIC and other financial regulatory 

agencies to assess the diversity policies and practices of regulated financial institutions 

 Interagency Policy Statement Establishing Joint Standards for Assessing the Diversity 

Policies and Practices of Entities Regulated by the Agencies (Policy Statement) was 

issued on June 10, 2015 

 The Standards are a framework for each financial institution to assess its own diversity 

policies and practices 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; 

 Financial Institutions’ Self-Assessment. 
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FID Program Strategic Roadmap 

 Overarching goals that guide program implementation 

 Create and strengthen partnerships with financial institutions, including 

community banks 

 Maximize use of technology to improve banks’ experience conducting the selfassessments 

 Promote the diversity and inclusion maturity journey for financial institutions 

 Strategies to accomplish goals 

 Expand the number of institutions that voluntarily complete the self-assessment 

and share their results with the FDIC 

 Develop resources based on diversity self-assessment responses that financial 

institutions can leverage to develop and improve their diversity policies and 

practices 

 Promote benefits realized by financial institutions that are intentional about 

diversity and inclusion 
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What’s New - 2020 Diversity Self-Assessment Portal 

 External banker portal was launched for financial institutions to electronically submit 

self-assessment data 

 Self-assessment automated tool is accessible through FDICconnect secure portal 

 Multiple users are able to work on the self-assessment 

 Financial institutions are able to view previous submissions 

 Financial institutions can attach support materials and print a pdf copy 
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Community Banks Diversity Self-Assessment 

 Financial institutions with 100 or more employees are encouraged to conduct and 

voluntarily submit an assessment 

 Community banks may use the Standards to assess diversity practices, in a manner 

appropriate to their size, governance structure and characteristics 

 Participation increases available small bank data for comparative analysis used to: 

 highlight small financial institutions’ successful diversity policies and practices; 

 raise awareness of diversity policies and practices that benefits the financial 

industry as a whole; 

 promote diversity within the financial services industry; and 

 identify leading practices for financial institutions to assess and improve 

diversity and inclusion policies and practices 
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Diversity Challenges and Impediments 

What are your challenges? 

Here is what we’ve heard: 

 Location and size of FDIC-regulated financial institutions (community banks) limits their 

resources to grow a diversity program. 

 Financial institutions are at different stages in their D&I maturity. 

 Financial institutions are not aware of the benefits of completing a diversity selfassessment. 

 Banking community may be wary of sharing diversity and inclusion information with 

their federal regulators. 

 The majority of FDIC-regulated institutions are not maximizing use of the FID-SA 

Diversity Self-Assessment template. 
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Examples of Financial Institution Efforts 

 Creating programs targeting women and minorities for promotion and leadership. 

 Incorporating diversity and inclusion scorecards onto management’s dashboard. 

 Embedding diversity and inclusion modules into leadership and management training. 

 Creating training programs for students to provide opportunities for full/part-time 

employment. 

 Expanding their supplier diversity approach to minority- and women-owned businesses. 

 Incorporating diversity and inclusion into annual corporate goals. 

 Adding diversity and inclusion evaluations in senior-level performance management 

systems. 
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How can the FDIC support community 

banks’ diversity and inclusion efforts? 
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FID Program Contact Information 

Additional information about FDIC’s Financial Institution Diversity 

Program and its process may be obtained from OMWI: 

Claire Lam, Acting Director 

Section342@fdic.gov; (703) 562-2623 

Financial Institutions Diversity Website -

https://www.fdic.gov/about/diversity/dibanking.html