November 9, 2007

Tar Heels Win College Fed Challenge Competition in Charlotte

Charlotte, NC

The University of North Carolina at Chapel Hill, Chapel Hill, N.C., won the Federal Reserve Bank of Richmond Charlotte Office’s preliminary round of the Fifth District competition held Nov. 7.

The winning team included students Samuel Brice, Stefan Allicock, Mackenzie Linyard, James David and coach, Professor Rita Balaban. The team will travel to Richmond, Va., on Nov. 16 to compete against the winners of the competitions held at the Richmond and Baltimore offices.

Duke University, Durham, N.C., and Western Carolina University, Cullowhee, N.C., were finalists for the Charlotte event. Judges included Matt Martin, Charlotte Office’s Regional Economist; Clare Adkin, Jr., Economic and Financial Literacy Consultant and Jewel Glenn, Charlotte Office’s Public Affairs Manager.

The Federal Reserve System 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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