For release: March 2, 2001
Contact: Joe Elstner, (314) 444-8902; Charles B. Henderson, (314) 444-8311

Germantown High School Students Win "Fed Challenge" Competition

MEMPHIS -- A team of Germantown High School students topped three other area teams yesterday to win the "Fed Challenge," an economics competition sponsored by the Memphis Branch of the Federal Reserve Bank of St. Louis.

Another Germantown team, representing Houston High School, finished second. Other schools competing were Bolton High School, Arlington, Tenn.; and Tremont High School, Tremont, Miss.

To compete in the Fed Challenge, each team makes a 15-minute presentation, based on their research, before a panel of judges at a mock meeting of the Federal Open Market Committee, the Federal Reserve's policymaking body. Team members also answer judges' questions about their research and the Federal Reserve.

The Germantown High students -- Ty Danielson, Andrew Drannon, Quinn Gorman, Vilas Rajanna, Tim Sheehan and Jennifer Szeto -- are taught by Camille Collins. Bill Hardin of Arthur Andersen and Shelly Harvey, the mother of Quinn Gorman, served as coaches. The Houston High team s Andrew Bonderud, Christy Fergus, Doug Gillon, Megan Johnson, Yannis Paulus and Jonathan Tullis -- is taught by Ben Cook.

The Germantown High School team moves on to the Eighth Federal Reserve District Competition in Little Rock, Ark., on April 4 against teams from the Little Rock, St. Louis, Mo.; and Louisville, Ky. metro areas. The winner of the district will then go on to the national Fed Challenge competition in Washington, D.C., on April 28-30.

With branches in Little Rock, Louisville and Memphis, the Federal Reserve Bank of St. Louis serves the Eighth Federal Reserve District, which includes all of Arkansas, eastern Missouri, southern Indiana, southern Illinois, western Kentucky, western Tennessee and northern Mississippi. In addition to serving as a bank for depository institutions and the U.S. government, each Reserve Bank monitors economic conditions in its District, participates in formulating monetary policy, and supervises state-chartered member banks and bank holding companies to foster safety and soundness of its District's banking and financial institutions and protect the credit rights of consumers.

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