Virginia Commonwealth University of Richmond, Va., won a preliminary round of the College Fed Challenge competition, held Nov. 9, at the Federal Reserve Bank of Richmond. The team included students Logan Hudgins, Thomas Pelletier, Sean Proietti, Andrew Stephenson, Matt Wolpert and alternate Melissa Lohmann. The team was coached by Professor Dennis O'Toole and will advance to the Fifth District championship in Richmond on Nov. 19. VCU will compete against the winners from the Richmond Fed's Baltimore and Charlotte branches.
James Madison University, Old Dominion University and Virginia Tech were finalists in the competition. Also taking part were teams from Virginia schools: Bridgewater College, Christopher Newport University, Liberty University, Lynchburg College, Radford University, Roanoke College, University of Richmond, University of Mary Washington, University of Virginia and Virginia Union University, as well as Marshall University of Huntington, W.Va.
Students delivered 20-minute presentations on monetary policy and were scored on content, teamwork, responses to questions, presentation and style. Judges of the content portion included members of the Bank's Research staff: Kartik Athreya, Anne Davlin, Brian Gaines, Borys Grochulski, Andreas Hornstein, Raymond Owens and John Walter, as well as Economic Education manager Melanie Rose. Members of FedMasters – Sal Asad, Kathleen Castanien, Rhiannon Liker and Susan Way – served as presentation judges for the competition.
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. More information is available online at www.richmondfed.org/education/.
View photo of Virginia Commonwealth University, Winner
Pictured left to right (back): Andrew Stephenson, Dennis O'Toole (Dept. Chair), Logan Hudgins
(front): Melissa Lohmann, Sean Proietti, Thomas Pelletier, Matt Wolpert
View photo of James Madison University, Finalist
Pictured left to right (back): Brad Reeser, Phil Heap (Coach), Andrew Elgert
(front): Anna Beatriz Sanche Faria, Kimberly Rohrs
View photo of Virginia Tech, Finalist
Pictured left to right (back): Greg Poos, Lucas Rooney, Derek Klock (Coach), Tim Healy
(front): Greg Cole, Matt Brenyo, Scott Odell
View photo of Old Dominion University, Finalist
Pictured left to right (back): David McFarland, Larry Filer, Michael Schneider, Ronald Greiser
(front): Brittany Renica, Paul Silverman, Dasha Safonova
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.