Loyola University of Baltimore 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 Jack Barrow, Dana Cullen, John Davis, Danile Gorbaty, John Lucas, Matthew Marzicola, and was coached by Professor Jeremy Schwartz. Loyola University will advance to the Fifth District championship in Richmond on Nov. 14, and compete against the winners from the Richmond and Charlotte offices.
The University of Maryland Eastern Shore and Mount St. Mary's University were finalists in the competition. The competition also included teams from the U.S. Naval Academy, Salisbury University and St. Mary's College of Southern Maryland.
Students delivered 20-minute presentations on monetary policy and were scored on content, teamwork, responses to questions, presentation and style. Judges included Richmond Fed regional economist R. Andrew Bauer; Allen Cox, managing director of the Maryland Coalition for Financial Literacy; and MaryAnn Hewitt, executive director of the Maryland Council on Economic Education.
The College Fed Challenge is 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 Loyola University, Winner
Pictured to left to right: John Lucas, Jack Barrow, Dana Cullen, Danile Gorbaty, Matthew Marzicola (not pictured, John Davis)
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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