April 17, 2008

Severn School Wins Baltimore's High School Fed Challenge 2008

Baltimore, MD

The Severn School has won the annual high school Fed Challenge competition sponsored by the Baltimore Office of the Federal Reserve Bank of Richmond. Five high schools were represented in this year's competition, which was held April 15. The winning team included students Kathy Little, Matt Quinn, Logan McNamara, Emily Viohl, Will Smith and Richard Welch. Under the direction of faculty advisor John Bodley, the team will travel to Richmond, Va., to compete May 1 against teams representing the Richmond and Charlotte offices.

Finalists in the Baltimore competition were St. Albans School of Washington, D.C., and Urbana High School of Ijamsville, Md. Also taking part were teams from Chantilly High School of Chantilly, Va., and Flint Hill School of Oakton, Va.

This year's judges were R. Andrew Bauer, regional economist at the Richmond Fed's Baltimore Office; Dr. Frank Zarnowski, Mount Saint Mary's economics professor and former College Fed Challenge coach; John Dinkel, president and publisher of the Baltimore Business Journal; and Anthony Butler, director of the University of Baltimore's Leadership Program.

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, 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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