October 30, 2008

VCU Wins local College Fed Challenge Competition

Richmond, VA

Virginia Commonwealth University, Richmond, Va., won the preliminary round of the College Fed Challenge Competition held Oct. 30 at the Federal Reserve Bank of Richmond. The team included students Ian Bennett, Timothy Fox, Naren Nimmagadda, Justin Epstein and Elizabeth Marshall, and was coached by Professor Carol Lehr. VCU will advance to the Fifth District championships in Richmond on Nov. 18, and compete against the winners from the Baltimore and Charlotte branches.

Christopher Newport University and the University of Mary Washington were finalists in the competition.

The Richmond Fed's competition also included teams from the following Virginia schools: Bridgewater College, Christopher Newport University, James Madison University, Liberty University, Lynchburg College, Old Dominion University, Roanoke College, University of Richmond, University of Mary Washington, Virginia Commonwealth University, and Virginia Union University as well as Marshall University of Huntington, WV.

Students delivered 20-minute presentations on monetary policy and were scored on content, teamwork, responses to questions, presentation and style. Richmond Fed judges included Economists Kartik Athreya, Andreas Hornstein, Matt Martin, John Walter and Alex Wolman; Economic Education Manager, Melanie Rose; and Bridgette Craney and Laura Fortunato, Corporate Communications; and William Perkins, Research Library.

The Richmond Fed sponsors College Fed Challenge, a regional academic competition, to encourage better understanding of the nation's central bank, the forces influencing economic conditions in the United States and abroad, and the ways the economy affects everyone.

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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