St. Louis Fed Invites Entries for Spring 2012 National Economic Education Video Competition

ST. LOUIS— The Federal Reserve Bank of St. Louis is sponsoring its fourth national economic education YouTube video competition.  The Bank is seeking creative videos that will help it teach an important personal finance lesson to high school audiences.  The theme for the contest is managing student loans.

The contest runs until April 13, 2012.  To compete, entrants must be 13 years of age or older, a U. S. resident and eligible to receive a U.S. savings bond.  Submissions can be from an individual or a team.  Prizes will be awarded to the top four videos: a $1,000 U.S. I-Series Savings Bond for first place, a $750 U.S. I-Series Savings Bond for second-place, a $500 U.S. I-Series Savings Bond for third place, and a $250 I-Series Savings Bond for the peoples’ choice award.

In addition, these videos will be added to the St. Louis Fed’s economic education and financial literacy programs and will be used by teachers across the country to teach personal finance to students.

Established in 2009, the contest is designed to help build the financial and economic literacy of high school and college students through their hands-on development of factual, creative, entertaining videos that can help explain complex economic topics and personal finance lessons to their peers.