March 8, 2007

Severn School Wins Baltimore's High School Fed Challenge 2007

Baltimore, MD

Severn School of Severna Park, Md., once again has won the Federal Reserve Bank of Richmond's annual high school Fed Challenge competition. This year's competition, which included eight high schools, was held in Baltimore March 5-6. The winning team included students Kathy Little, Alex Fu, Dylan McNamara, Matt Quinn, Emily Viohl and Brady Hill (alternate).

Under the direction of faculty advisor John Bodley, Severn has won the Baltimore competition six times and the Fifth District competition four times, and is the 2006 national champion. The team will travel to Richmond, Va., to compete against teams representing the Richmond and Charlotte offices on April 23-24.

Chantilly High School, Chantilly, Va., and Urbana High School from Ijamsville were finalists. The competition also included teams from the National Cathedral School for Girls, Washington D.C.; Northeast High School, Pasadena, Md.; St. Alban's School, Washington D.C.; Thomas Jefferson School for Science and Technology, Alexandria, Va.; and The Holton Arms School, Bethesda, Md.

This year's judges included R. Andrew Bauer, regional economist at the Richmond Fed's Baltimore Office; Anirban Basu, chairman and CEO of Sage Policy Group; Matthew Chambers, a Towson University economics professor, and Kylie-Ann Allen, manager for Public Affairs at the Baltimore Office.

The Federal Reserve sponsors Fed Challenge to encourage better understanding of the nation's central bank and the forces influencing economic conditions in the United States and abroad. For more information, contact your local Federal Reserve Bank or call 1.877.FED.CHLG.

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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