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Nov. 25, 2020

Virginia Commonwealth University Wins the Fifth District Virtual College Fed Challenge

Students from Virginia Commonwealth University won the Fifth District title in the Federal Reserve Bank of Richmond’s College Fed Challenge competition.

Virginia Commonwealth University competed in the District finals against regional winning teams from the University of North Carolina at Chapel Hill and the University of Maryland Eastern Shore. By winning the District title, Virginia Commonwealth University advanced to the final round of the national competition hosted virtually on November 20, 2020, by the Federal Reserve Board of Governors.

Preliminary regional rounds of the competition were completed virtually by 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. Teams are scored on content and analysis, responses to questions, teamwork, presentation and style.

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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