The Federal Reserve Bank of Richmond today awarded the winners of its sixth annual essay contest during a luncheon held at the Bank.
Grace Flatin of St. Catherine's School in Richmond, Va., won first place and received a $500 savings bond. Jessica Rogers and Mary Elizabeth Mann from Great Bridge High School in Chesapeake, Va., tied for second place and received a $300 savings bond. The top three essays will be available on the Bank's Web site.
The Richmond Bank sponsors the annual essay contest to promote economic and financial education and to encourage excellence in creative writing. This year's competition included 140 students from 17 high schools throughout Virginia and part of West Virginia. Students were asked to write about how their goals and choices would impact their financial future.
Among the top-ten finalists were Omer Qadir, Atlee High School, Mechanicsville, Va.; Heather Springs, Dan River High School, Ringgold, Va.; Brad Hinshaw, Great Bridge High School, Chesapeake, Va.; John Lohr, Highland Springs High School, Highland Springs, Va.; Brent Shawcross, Lafayette High School, Toano, Va.; Morgan Leigh Furman, St. Catherine's School, Richmond, Va.; and Jessica David, Thomas Jefferson High School, Richmond, Va. The Bank awarded each of these students a $100 savings bond.
Essay judges included Laura Fortunato and Michael Bendel in the Richmond Bank's corporate communications division, and Amanda Gibson and Lis Turner in the economic education division.
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.