February 14, 2007

Fifth District Fed's Charlotte Branch Names Essay Winners

Charlotte, NC

The Charlotte Branch of the Federal Reserve Bank of Richmond recognized high school winners of the sixth annual essay contest during an awards luncheon held February 9.

Bo Bryan of Heathwood Hall Episcopal in Columbia, S.C., won first place and received a $500 savings bond. Adam McDonald of Pinecrest High School in Southern Pines, N.C., won second place and received a $300 savings bond. Christina Adcock of J.F. Webb High School in Oxford, N.C., won third place and received a $200 savings bond. These top three essays will be available on the Bank’s Web site.

The Charlotte Branch sponsors the annual essay contest to promote economic education and to encourage excellence in creative writing. The competition included 44 students from six high schools throughout the Carolinas. Students were asked to discuss their financial goals for the next five years, address some of the choices they will be making, and explain how as a young adult they can obtain and maintain good credit.

Among the top-ten finalists who received $100 savings bonds were Mara Causey, Cathryn Ann Woodberry, Brittany Cross, and Jermika Godbold, Marion High School, Marion, S.C.; Lauren Meads and Andrew Wagoner, Heathwood Hall Episcopal, Columbia, S.C.; and Shannon Williams, J. F. Webb High School, Oxford, N.C.

Essay judges included Karen Davis, Wanda Carter, and Frank Leon in the Charlotte’s Public Affairs Office.

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.


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