April 3, 2007

Millbrook High School Wins Charlotte Office's Fed Challenge 2007

Charlotte, NC

Millbrook High School of Raleigh, N.C., won the Charlotte Office's preliminary round of the Fifth District's annual high school Fed Challenge competition held March 29.

The winning team included students Claire Emery, Michael Funderburk, Erin Gray, Wilber Green, Chad Mukherjee and Amanda Warren, and was coached by Gene Kikolski. The team will travel to the Federal Reserve Bank of Richmond's headquarters in Richmond, Va., to compete against teams from the Richmond and Baltimore offices on April 23-24.

Pinecrest High School, Southern Pines, N.C. and North Carolina School of Science and Mathematics, Durham, N.C., were finalists in this year's competition. Event judges included Matt Martin, Charlotte Office's regional economist; Rob Roy McGregor, associate professor of economics at the University of North Carolina at Charlotte; and Yolanda Ferguson of the Charlotte Office's Public Affairs.

The Federal Reserve sponsors Fed Challenge competitions nationwide 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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