Press Release

New York Fed Hosts College Fed Challenge Tournament for Would-Be Monetary-Policy Makers: 20 Colleges to Compete

November 8 , 2004

NEW YORK – On Wednesday, November 10, 20 college teams from New York, New Jersey, Connecticut, and Massachusetts will participate in the 2004 College Fed Challenge. The teams are: Barnard/ Columbia, Bloomfield, Boston College, Centenary, Cornell, Fairfield, Fordham, Marist, Niagara, Northeastern, Nyack, NYU-Stern, Pace, Queensborough, Rutgers, Sacred Heart, St. Francis, Seton Hall, SUNY- Binghamton, and SUNY- Geneseo. In this competition for undergraduate business, finance, and economics students, each team makes a 20-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 New York Fed officials, then engages the team in a 15- minute Q & A session after which the performance is scored. The winner of the New York tournament will compete in an interdistrict competition against teams representing other participating Reserve Banks at the Federal Reserve Board on November 30.

The public is invited to attend the New York finals, involving the top four teams, to be held on Wednesday, November 10, 2004, from 2:00 P.M.—5:00 P.M., at the Federal Reserve Bank of New York, 33 Liberty Street in Manhattan.

Contact:
Linda Ricci
(212) 720-6143
linda.ricci@ny.frb.org

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