January 17, 2008

Richmond Fed Announces Creative Expression Contest Winners

Richmond, VA

The Federal Reserve Bank of Richmond today presented awards to the winners of its first creative expression contest.

Caroline Ott of St. Catherine's School in Richmond, Va., won first place in the short story division and received a $400 savings bond. Fellow schoolmate Jordan Holleran won second place and received a $300 savings bond. Jessica Jenkins of Williamsburg's Lafayette High School won third place and received a $200 savings bond. Jonathan Tune of Richmond's Douglas Freeman High School won the comic strip division and received a $400 savings bond. Beginning Jan. 23, these entries will be on the Bank's Web site.

The Richmond Bank sponsors the contest to promote economic and financial education and to encourage excellence in the creative arts. Students were asked to write a short story or draw a comic strip on the following topic: "Imagine you are a super hero who has mysteriously gained extraordinary powers that allow you to solve economic problems throughout the world. By considering an economic problem or issue, explain how you would use your powers to save the proverbial day!"

The inaugural competition drew 61 short stories from eight high schools and 13 comic strips from three schools in Virginia and West Virginia. Essay judges included Laura Fortunato and Martha Valz in the Richmond Bank's corporate communications division, and Amanda Gibson, Melanie Rose 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.


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