April 3, 2008

Trinity Episcopal School to Represent Virginia in Regional Fed Challenge Competition

Richmond, VA

Trinity Episcopal School students won the preliminary round of the Federal Reserve's 2008 Fed Challenge competition held at the Richmond Office on April 3. This year's winning team included Alex Eschenroeder, Paige Harland, William Hurd, Victoria Marchetti, Robert Warneford-Thomson, and Logan Mintz as alternate. The team was coached by Robert Patterson and Joseph Marchetti, III.

St. Christopher's School was the first runner up in the competition. St. Christopher's team included Matt Conover, Marco DeLeon, John Digrazia, Clarke Gottwald, Kevin Isaacs and alternate Sam Hewitt. The team was coached by Steve Cambisios.

Teams from Collegiate School, St. Catherine's School and Thomas Jefferson High School in Richmond, Va., also participated in the day-long event held at the Richmond Office on Byrd Street.

Judges for this year's competition included Ray Owens, vice president and senior economist for the Richmond Fed; Melanie Rose, manager economic education, and Christian Pascasio, manager of the Bank's Research Library. Owens and Rose rated the teams on their knowledge of the Federal Reserve, the current state of the economy and monetary policy, as well as research, analysis and responses during a 10-minute Q&A session. Pascasio rated the teams on the quality of their presentation and teamwork.

On May 1, Trinity Episcopal School will compete against the winners of the competitions held in Baltimore, Md., April 15-16 and in Charlotte, N.C., on April 16. The Fifth District winner advances to the National Finals to be held May 18-19 in Washington, D.C.

The Federal Reserve sponsors Fed Challenge 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 on Fifth District economic education programs visit the Bank's Web site.

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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