The Federal Reserve Bank of Dallas conducts procurement through local and national channels to satisfy business unit requirements for products and services at the Bank.
It is the mission of the Bank to serve the public by providing regional, national and global perspectives that inform and influence monetary policy, foster financial stability and economic health, and deliver quality services to financial institutions and the United States government. The Bank’s support of small, minority-owned, women-owned and other diverse businesses contributes to that mission because these organizations play a vital role in the economic well-being of our communities. Supplier diversity is an important aspect of our overall efforts to strengthen the economy and improve our communities.
For more information visit the Bank’s Office of Minority and Women Inclusion (OMWI).
The Bank’s Procurement department, which encompasses Dallas, Houston, San Antonio and El Paso, uses various acquisition methods, including competitive bidding, Requests for Information, Requests for Quote and Requests for Proposal. In most circumstances, the Bank issues its requests for quotations and proposals electronically and requires suppliers to submit their quotations or proposals electronically.
The Bank does not participate in the General Services Administration and does not purchase goods or services using federal supply schedules.
In conjunction with the 11 other Reserve Banks in the Federal Reserve System, the Bank participates in national contracts negotiated by the National Procurement Office.
The Supplier Diversity Program (“Program”) helps promote the Bank’s vision of building a vibrant economy and contributing to a strong financial system. The Program demonstrates the Bank’s commitment to encouraging diverse views and perspectives by bringing those values to the supplier space. By soliciting participation in its procurement events from small businesses, including those businesses owned by minorities and women, the Bank ensures the widest possible range of offers. Supporting diverse suppliers promotes economic opportunities and contributes to the local economy.
The Program drives operational excellence and facilitates innovative and cost-effective approaches to address business needs. Engaging a diverse pool of highly qualified suppliers better enables us to reduce costs through increased competition, deliver high-quality products and services to stakeholders, produce innovative and flexible solutions, provide enhanced customer service, streamline processes and mitigate risk of supply-chain disruptions.
External Outreach & Networking
Outreach to external supplier diversity organizations is a key part of our supplier diversity development strategy. The Bank is committed to creating awareness within the community about its purchasing needs and the processes by which these needs are fulfilled. In addition, the Bank periodically hosts supplier diversity events to provide technical assistance, workshops and training to organizations across North Texas.
The Bank actively works with advocacy groups and chambers of commerce to identify suppliers whose expertise matches our organization’s needs. The Bank encourages interested suppliers to share their company’s information to be considered for upcoming procurement opportunities. Our outreach efforts help us understand the business challenges faced by diverse suppliers and guide our technical assistance programs.
The Bank encourages the participation of certified minority and women-owned business enterprises (MWBE) in all competitive bidding events.
Please send your company's capabilities statement along with any other inquiries or correspondences related to Supplier Diversity to Supplierdiversity@dal.frb.org.
We generally do not outsource any IT/Database services because of our role as the Central Bank; our internal applications are largely restricted.
Should there be an opportunity for contract to hire engagements for which we would solicit third party vendor assistance, our current list of partners is available to successfully fulfill those needs. At this time we are not in need of additional third party vendor partners. However, we will gladly consider your organization for our waitlist should there be a need to revisit our vendor list in the future.
The following is a representative sample of the types of products and services the Federal Reserve Bank of Dallas typically procures:
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To further the Bank’s policy of making reasonable efforts to include small businesses in solicitations, the Financial Management Group may, at its discretion, set aside for small businesses an acquisition or class of acquisitions. If the set-aside results in only one reasonable responsive proposal being received from a responsible small business, the contract shall be awarded to that business. If no reasonable responsive proposal is received from a responsible small business, the set-aside may be cancelled and the acquisition made from other than a small business.
Calendar of Events
Federal Reserve Bank of Dallas Business Summit
Supplier Diversity Contact
For supplier diversity information, please contact the Supplier Diversity Team mailbox.