November 7, 2008

University of Delaware Wins local College Fed Challenge Competition


 University of Delaware, Newark, Del., won the preliminary round of the College Fed Challenge Competition held Nov. 5-6 at the Federal Reserve Bank of Richmond’s Baltimore Branch. The team included students William Dowd, Alex Eiermann, Claudia Flores, Scott W. Ohlmacher, Darren Weaver, and was coached by Professor Vera Brusentsev. The team will advance to the Fifth District championship in Richmond on Nov. 18 and compete against the winners from the Richmond and Charlotte branches.

Lafayette College and Gettysburg College were finalists. The competition also included these regional schools: McDaniel College, George Washington University, Shippensburg University, Elizabethtown College, Mount St. Mary’s University, College of Notre Dame, Salisbury University, U.S. Naval Academy, Lehigh University, American University and the University of Maryland Eastern Shore.

Prince George’s Community College, also a participant, will advance to the Community College Inter-District Championship on Dec.10. The team included students Phoebe Boateng, Ransford Brown, Carl Chenwi, Wen Ji, and was coached by Professor William Knight.

Students made 20-minute presentations on monetary policy and were scored on content, teamwork, responses to questions, presentation and style. Judges included Andrew Bauer, regional economist and Kylie-Ann Allen, public affairs manager, Baltimore Fed; Allen Cox, managing director, Maryland Coalition for Financial Literacy, Douglas Lamdin, associate professor, University of Maryland, Baltimore County, Kwang Soo Cheong, associate professor, Johns Hopkins University, and Mary Ann Hewitt, executive director and Jan Weller, associate executive director, Maryland Council for Economic Education.

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. For more information visit:

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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