The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
The Outreach and Education function engages, empowers and educates the Second District communities that the Bank serves, especially civic leaders, students, educators, small business owners, policymakers and the general public. It furthers the Bank's commitment to the region by listening to the communities we serve and leveraging our unique attributes to positively impact school and university programs, as well as analysis and research.
New York Fed Hosts College Fed Challenge Tournament for would-be Monetary Policy Makers
November 19, 2003
NEW YORK – On Monday, November 24, 12 college teams from New York and New Jersey will participate in the College Fed Challenge. The teams are: Barnard/ Columbia, Bloomfield, Centenary, CUNY-Queens, Marist, NYU-Stern, Pace, Rutgers, St. Francis, Seton Hall, SUNY- Binghamton, and SUNY- Geneseo. In this competition for undergraduate business, finance, and economics students, each team makes a 15-minute presentation in which it analyzes current economic conditions and recommends an appropriate Fed policy stance. The judging panel, made up of Wall Street economists and senior Fed officials, then engages the team in a 15- minute Q & A session after which the performance is scored.
As part of its goal to promote economic and financial literacy, The Moody’s Foundation, a charitable foundation established by Moody’s Cooperation, will award the winning and runner-up teams in the 2003 competition a total of $80,000 in awards.
The public is invited to attend the finals of the competition involving the top three teams, to be held on Monday, November 24, 2003, from 1:00 P.M.—3:30 P.M., at the Federal Reserve Bank of New York, 33 Liberty Street (Manhattan)