November 18, 2008

VCU Wins College Fed Challenge


Virginia Commonwealth University, Richmond, Va., today won the district title in the Fifth Federal Reserve Bank’s annual College Fed Challenge Competition. The winning team included students Ian Bennett, Timothy Fox, Naren Nimmagadda, Justin Epstein and Elizabeth Marshall, and was coached by Professor Carol Lehr.

Preliminary rounds of the Fifth District competition were held in Richmond, Baltimore and Charlotte offices earlier this month. Today’s competition included teams from The University of North Carolina, Chapel Hill, which won in Charlotte, and the University of Delaware, which won in Baltimore. VCU will compete for the national title on Dec. 3 at the Board of Governors in Washington, D.C.

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’s lives. Participants give 20-minute presentations on monetary policy and are judged on content, teamwork, responses to questions, presentation and style. Today’s judges Raymond Owens and John Walter, Research, scored the teams on Fed knowledge, the current state of the economy and monetary policy, as well as research, analysis and responses during the 15-minute Q&A session. Kiran Krishnamurthy, corporate communications, scored the teams on the quality of their presentation and teamwork.

For more information, see

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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