Students from Collegiate School in Richmond, Va., won the Fifth District championship round of the 2009 Fed Challenge competition held today at the Federal Reserve Bank of Richmond. This year’s winning team included Margaret Barton, Randall Drumheller, Mason Rayner, Harrison Roday, Morgan Tarrant and alternate, Alex Daniel. The team was coached by Robert Wedge.
As the Fifth District winner, Collegiate advances to the National Finals to be held in Washington, D.C., May 19. District winners from three other Federal Reserve Banks will compete before a panel of judges that traditionally has included Bank presidents, members of the Board of Governors, as well as other Federal Reserve officials. It is customary for the Federal Reserve chairman to make an appearance.
Also participating in the final round were the schools of Millbrook High School of Raleigh, N.C., which represented the Charlotte Branch, and Chantilly High School of Chantilly, Va., which won the Baltimore office’s preliminary round on April 2-3. Millbrook’s team included Adam Brown, Braden Pascoe, Nicholas Orban, Brinkley McNeill, Amanda Gorman and Adam Taylor, and was coached by Gene Kikolski. The Chantilly team included Sarah Germain, Marisa Reed, David Harsh, Matthew Litton, Suraj Malladi, alternate Muhammed Shakeri, and Jack Carlson, team assistant. The team was coached by Joe Clement.
Judges included John Weinberg, senior vice president and director of research; Melanie Rose, manager of economic education; and Christian Pascasio, research strategic intelligence analyst. Weinberg and Rose judged the team’s knowledge of the Federal Reserve, the current state of the economy and monetary policy, as well as research, analysis and responses during the 15-minute Q&A session. Pascasio judged teamwork and the quality of the presentations.
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. Visit our Web site for more information.
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.