November 9, 2007

Mount St. Mary's University Wins Baltimore Office's College Fed Challenge

Baltimore, MD

Mount St. Mary’s University, Emmitsburg, Md., won the Federal Reserve Bank of Richmond Baltimore Office’s preliminary round of the Fifth District College Fed Challenge competition held Nov. 1-2.

The winning team included students Jennifer Kim, Favid C. Osorio, Matthew Joseph Sanicola, James M. Berry, Brian Henry Ogle, and alternate, Aaron Landers. The team was coached by John Larrivee and Frank Zarnowski. The students will travel to Richmond, Va., on Nov. 16 to compete against the winners of the competitions held at the Richmond and Charlotte offices.

The U.S. Naval Academy, Annapolis, Md., and the University of Delaware, Newark, Del., were finalists.

Event judges included Andy Bauer, Regional Economist, and Kylie-Ann Allen, Public Affairs manager, both of the Baltimore Office. The judges’ panel also included representatives from the business community, including Chris Holt, East regional president and senior executive vice president of Susquehanna Bank; Anirban Basu, chairman & chief executive officer of the Sage Policy Group; Allan Cox, director, Maryland Coalition for Financial Literacy; Tricia Granata, executive director NFTE Baltimore, and Jay Hancock, Baltimore Sun finance reporter.

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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