Mount St. Mary's University of Emmitsburg, Md., won the preliminary round of the College Fed Challenge competition, held Nov. 2, at the Federal Reserve Bank of Richmond's Baltimore branch. The team included students Matt Tuman, Alejandro Orellana, David McGinley, Mikel Aguirre, John Streifel and Brian Arndts, with alternates Mike Fraser and Sammantha Shepard. Mount St. Mary's, coached by Professor Alejandro Canada, will advance to the Fifth District championship in Richmond on Nov. 19. The team will compete against the University of North Carolina, which will represent the Richmond Fed's Charlotte branch, and the winner of a Nov. 9 preliminary competition in Richmond.
McDaniel College of Westminster, Md., was the finalist in the competition, which included teams from Loyola University, University of Maryland-Eastern Shore and Baltimore County Community College.
Students delivered 20-minute presentations on monetary policy and were scored on content, teamwork, responses to questions, presentation and style. Judges included: Dr. R. Andrew Bauer, regional economist, Federal Reserve Bank of Richmond; Dr. Thomas Lubik, senior economist, Federal Reserve Bank of Richmond; Mary Ann Hewitt, executive director, Maryland Council for Economic Education; and Deborah Bachelor, associate executive director, Maryland Council for Economic Education.
The College Fed Challenge is a regional academic competition, designed 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. More information is available online at www.richmondfed.org/education/.
View photo of Mount St. Mary's University
Pictured left to right: Mikel Aguirre, John Streifel, Brian Arndts, Alejandro Orellana, Matt Tuman, David McGinley
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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