The Federal Reserve Bank of Richmond's Baltimore Branch will honor this year's essay contest winners at an awards luncheon on Feb. 9, 2007. The contest drew 103 entries from students in schools throughout the region, who submitted essays describing their financial goals for the next five years.
Veronika Volkov from Pikesville High School won first place for her essay and will receive a $500 savings bond. Ryan Layton, also from Pikesville High School, won second place for his essay and will receive a $300 savings bond. Neena Passi from the Holton Arms School won third place for her essay and will receive a $200 savings bond. These essays are available online through the Bank's Web site.
The Baltimore Branch sponsors the annual essay contest in an effort to promote economic education and financial literacy thereby enhancing students' research and writing skills. The contest is open to high school juniors and seniors throughout Maryland, the District of Columbia, and portions of Virginia and West Virginia.
Finalists also included: May Geolot, Sarah Levine, Lauren McDonald, and Sonam Rajpal from the Holton—Arms School, Maria Braileanu from Pikesville High School, Victoria Lee from Quince Orchard High School, and Maren Paslick from Forest Park Senior High School.
The Richmond Fed serves the Fifth Federal Reserve District, which includes the District of Columbia, Maryland, North Carolina, South Carolina, Virginia and most of West Virginia. As part of the nation's central bank, we're one of 12 regional Reserve Banks that work together with the Federal Reserve's Board of Governors to strengthen the economy and our communities. We manage the nation's money supply to keep inflation low and help the economy grow. We also supervise and regulate financial institutions to help safeguard our nation's financial system and protect the integrity and efficiency of our payments system.