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College Fed CHallenge 2019

Nov. 8, 2019

Loyola University Maryland Wins Richmond Fed's College Fed Challenge

Students from Loyola University Maryland won the district title in the Federal Reserve Bank of Richmond’s College Fed Challenge competition. The winning team included students Matthew Paniccia, Madeleine Brenner, Elisabeth Abdoo, Sean McDermott, Nicholas Spurgeon and Emily Robinson.  The team was coached by Professor John Burger

Loyola University Maryland competed in the district finals against regional winning teams from the University of Virginia and the University of North Carolina. Loyola advances to the College Fed Challenge national competition to be held November 22 at the Federal Reserve Board of Governors in Washington, D.C.

Preliminary regional rounds of the competition were held at participating schools within the Fifth Federal Reserve District.

College Fed Challenge is an academic competition designed to deepen students’ understanding of the nation’s central bank. Students delivered presentations on monetary policy and fielded questions from judges during a Q&A session. Teams were scored on content and analysis, responses to questions, teamwork, presentation and style.

View photo of Loyola University Maryland
Top – Daniel Maydwell, Jintong Zhi, Sean McDermott
Middle – Madeleine Brenner, Emily Robinson
Front – Nicholas Spurgeon, Elisabeth Abdoo and Coach John Burger
Not pictured – Matthew Paniccia

View photo of University of Virginia
Top – Harrison Snell, Asher Newman
Middle – Lauren Stover, Riley Casey, Emily Klein
Coach Carter Doyle

View photo of University of North Carolina
Top – Daniel Sang, Ayush Jha, Corey Turral
Middle – Sidd Mehta, Brady Gingrich
Bottom – William Lindayen, Zhizhuo (Ellen) Wang, Zachary Edwards 
Coach Mike Aguilar (not pictured)


As part of our nation’s central bank, the Richmond Fed is one of 12 regional Reserve Banks working together with the Board of Governors to support a healthy economy and deliver on our mission to foster economic stability and strength. We connect with community and business leaders across the Fifth Federal Reserve District — including the Carolinas, District of Columbia, Maryland, Virginia, and most of West Virginia — to monitor economic conditions, address issues facing our communities, and share this information with monetary and financial policymakers. We also work with banks to ensure they are operating safely and soundly, supply financial institutions with currency that’s fit for distribution, and provide a safe and efficient way to transfer funds through our nation’s payments system.

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