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Minneapolis Fed Establishes Office of Minority and Women Inclusion

Minneapolis, January 18, 2011 The Federal Reserve Bank of Minneapolis has announced the establishment of the Office of Minority and Women Inclusion (OMWI). Duane A. Carter, Senior Vice President, has been named director of the new office, and Nicole Bennett has been named assistant vice president and deputy director.

The Bank’s OMWI office, which will build on the Bank’s existing efforts to promote equal employment opportunity and diversity, was formed in response to the Dodd-Frank Wall Street Reform and Consumer Protection Act (2010), which required that diversity and inclusion offices be established at certain federal agencies, including the Federal Reserve Board, and at the 12 Federal Reserve Banks.

“The Federal Reserve Bank of Minneapolis is firmly committed to business practices that promote opportunity and diversity in our workforce and also in procurement, where we have a history of reaching out to minority-owned and women-owned businesses,” said Narayana Kocherlakota, president of the Federal Reserve Bank of Minneapolis. “We welcome this opportunity to strengthen our efforts in matters relating to diversity.“

Duane began his career at the Minneapolis Fed in 1990 as an account manager. He was promoted to assistant vice president in 1998 and to vice president in 2001. In 2005, he became senior vice president. He has served as the Bank’s Equal Employment Opportunity Officer since 2002. Carter holds a bachelor's degree in agriculture business from the University of Minnesota and an M.B.A. from the University of St. Thomas.

Bennett is returning to the Minneapolis Fed after a brief time at the Federal Reserve Bank of Atlanta. She was previously manager of community affairs and managing officer for treasury services in Minneapolis. She holds a bachelor’s degree in economics and political science from the University of Iowa and a master’s degree in planning with a concentration in community and economic development from the Hubert H. Humphrey Institute at the University of Minnesota.