Federal Reserve Bank of Cleveland Named a DiversityInc Top 10 Regional Company for the Second Consecutive Year

On April 23, during diversity and inclusion’s keystone event at Cipriani Wall Street, DiversityInc announced that the Federal Reserve Bank of Cleveland earned the #9 spot on its 2015 Top 10 Regional Companies for Diversity list. Companies on this list all have a regional focus in their employee base. The Cleveland Reserve Bank, headquartered in Cleveland, Ohio, has branch offices in Cincinnati, Ohio, and Pittsburgh, Pennsylvania.

“With more than 1,000 companies participating, the competition for a spot on the DiversityInc Top 50 and Specialty Lists (such as the Top 10 Regional Companies list) was up over 30% this year,” said DiversityInc Founder and CEO Luke Visconti. “Companies are recognizing the importance of diversity for corporate reputation - which directly affects millennial-generation recruiting and retention. And whether you’re talking about Silicon Valley, Ferguson, or Indiana, there’s no denying that stories about how far we still need to come regarding diversity have been dominating the headlines in 2015.”

Each company’s rank is based on objective analysis of 183 separate factors, based on data from a 300-question survey. The four equally weighted areas of measurement include Talent Pipeline, Equitable Talent Development, CEO/Leadership Commitment, and Supplier Diversity.

Commenting on the Top 10 Regional Companies award, Loretta J. Mester, President and CEO of the Cleveland Reserve Bank said, “Earning recognition from DiversityInc for the second consecutive year reflects the Cleveland Fed’s sustained commitment to foster a diverse and inclusive workplace. The Bank has seen that having employees with diverse backgrounds can improve our performance, and we will continue to strive for a diverse and inclusive workplace in the years ahead.”

More than 900 senior executives from across the country were present for the annual DiversityInc Top 50 Companies for Diversity announcement dinner. The dinner included a keynote address from Reverend Jesse Jackson, Sr., whose Rainbow PUSH Coalition has been calling on the tech industry to embrace more diversity as a business opportunity.

For a look at all of DiversityInc’s 2015 rankings, visit http://www.diversityinc.com/top50.

About DiversityInc

DiversityInc’s mission is to bring education and clarity to the business benefits of diversity. The DiversityInc Top 50 Companies for Diversity list began in 2001, at the same time many corporations were beginning to understand the business value of diversity-management initiatives. The 2015 Top 50 Companies for Diversity results are featured on DiversityInc.com and in DiversityInc magazine. For more information, log on to www.diversityinc.com, https://www.facebook.com/DiversityInc, https://twitter.com/DiversityInc or http://www.linkedin.com/company/26561.

Federal Reserve Bank of Cleveland

The Federal Reserve Bank of Cleveland is one of 12 regional Reserve Banks that along with the Board of Governors in Washington DC comprise the Federal Reserve System. Part of the US central bank, the Cleveland Fed participates in the formulation of our nation’s monetary policy, supervises banking organizations, provides payment and other services to financial institutions and to the US Treasury, and performs many activities that support Federal Reserve operations System-wide. In addition, the Bank supports the well-being of communities across the Fourth Federal Reserve District through a wide array of research, outreach, and educational activities.

The Cleveland Fed, with branches in Cincinnati and Pittsburgh, serves an area that comprises Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia.

Media contact

Doug Campbell, doug.campbell@clev.frb.org, 513.455.4479