Federal Reserve Officials Select Winning High School Team at The Fed Challenge Finals in Washington, DC; Citibank Awards $100,000 in Scholarships and Grants to Midland High School.Business Editors NOTE TO MEDIA: Photo is available in a Smart News Release(TM) on Business Wire's Home Page at www.businesswire.com NEW YORK--(BUSINESS WIRE)--May 2, 2000 Citibank announced today that it has awarded $100,000 in scholarships and grants to Midland High School Midland High School can refer to one the following high schools:
In The Fed Challenge, teams of students from high schools around the country prepared and presented U.S. economic policy recommendations in a series of competitions at the local, regional and national level. The final competition, in which the student teams were judged by panel of Federal Reserve officials, took place Sunday, April 30 and Monday, May 1 at Federal Reserve headquarters in Washington, DC. Judges for the final round included Edward M. Gramlich, Member, Board of Governors of the Federal Reserve System Board of Governors of the Federal Reserve System The managing body of the Federal Reserve System, which sets policies on bank practices and the money supply. , Washington, D.C., J. Alfred Broaddus, Jr., President, Federal Reserve Bank of Richmond The Federal Reserve Bank of Richmond is the headquarters of the Fifth District of the Federal Reserve located in Richmond, Virginia . It covers the District of Columbia, Maryland, Virginia, North Carolina, South Carolina and most of West Virginia. , and Robert D. McTeer Robert D. McTeer is the chancellor of the Texas A&M University System. Born in Georgia, he earned his B.B.A. and Ph.D. in economics from the University of Georgia and taught there for two years before joining the Federal Reserve Bank of Richmond. President, Federal Reserve Bank of Dallas The Federal Reserve Bank of Dallas covers the Eleventh Federal Reserve District, which includes Texas, northern Louisiana and southern New Mexico. It has branch offices in El Paso, Houston, and San Antonio. . Over the past three years, Citibank has provided $1 million in scholarships, grants, and internships for participating teams in The Fed Challenge. For winning this year's competition, Midland High School, which represented the Dallas Federal Reserve district Federal Reserve District (Reserve district or district) One of the twelve geographic regions served by a Federal Reserve Bank. , received a $40,000 Citibank Grant for The Fed Challenge for the purpose of establishing an in-school economics laboratory. The five students on the team - Adam Martin, Matt Josefy, Kelly Beall, Ryan Myers, and Robin Nelson each received a $10,000 Citibank Scholarship for The Fed Challenge. Their teacher and coach, Mr. Hugh Franks, was awarded a $10,000 Citibank Teacher Incentive Grant for The Fed Challenge. "Our whole team is extremely excited about winning The Fed Challenge. Through this program, the students really grasped the fundamental principals about our economy and at the same time used teamwork, research and presentation skills to put their recommendations together," said Mr. Franks. "Additionally, our whole school will benefit from the Citibank grants and scholarships as we promote financial literacy in our school with a new economics laboratory. The award will also help these deserving students better manage the expense of college." Citibank also awarded $35,000 to each of the other six high school teams that represented their regional Fed districts in the national finals. The other six finalist schools included: -- Cleveland - Shaker Heights High School Shaker Heights High School is a public high school located in Shaker Heights, Ohio, an east side suburb of Cleveland. The high school is part of the Shaker Heights City School District. , Cleveland, OH -- St. Louis - Marquette High School Marquette High School, located in Chesterfield, Missouri is a secondary school in the Rockwood School District. Student Body Marquette has a student body that usually numbers over two thousand students. The class of 2009 has a total of 484 students. , Chesterfield, MO -- Boston - Gorham High School, Gorham, NH -- Chicago - St. Joseph High School, South Bend, IN -- New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of - Montclair High School Montclair High School may refer to:
-- Richmond - The Governor's School For Government & International Studies, Richmond, VA "Citibank is delighted to be providing these exceptional students with these scholarships and grants for the third year. Citibank has a long history of commitment amongst student and school communities to educate them about the economy and financial issues," said Carl Levinson, Division Executive for Citibank. "The Fed Challenge competition clearly helps students, teachers and parents from across the country to learn more about economics, and encourages personal finance literacy." About Citibank Citibank is part of Citigroup, the most global financial services company providing some 100 million consumers, corporations, governments and institutions in 100 countries with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage and asset management. The 1998 merger of Citicorp and Travelers Group brought together such brand names as Citibank, Travelers, Salomon Smith Barney, CitiFinancial and Primerica under Citigroup's trademark red umbrella. -- Individual photos of each team with US Treasurer Mary Ellen Winthrow are available upon request. Note: A Photo is available at URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businesswire.com/cgi-bin/photo.cgi?pw.050100/bb9 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion