For release: March 5, 2002
Contact: Ellen Eubank, (901) 579-2421; Charles B. Henderson, (314) 444-8311

Germantown High School Team Wins Memphis Area "Fed Challenge"

MEMPHIS -- A team of five students from Germantown High School today won the fourth annual Memphis area "Fed Challenge," an economics competition for high schools sponsored by the Federal Reserve Bank of St. Louis. Collierville High School and Houston High School also participated in the competition.

The students representing Germantown High are Ty Danielson, Andrea Davidson, Andrew Drannon, Alix Dunn, Quinn Gorman and Mark Weston. Their teacher is Camille Collins. Their coaches are Yvonne Ware, a teacher at Germantown High, and Shellie Harvey, a volunteer.

Each team made a 15-minute presentation, based on their research of economic conditions and reflecting their recommended course of action for monetary policy. These presentations were made before a panel of judges at the Memphis Branch of the St. Louis Fed in a mock Federal Open Market Committee format. The teams then answered questions based on their presentations and research.

Judges for the competition were Dr. David H. Ciscel, professor at the Fogelman College of Business and Economics, University of Memphis; Kevin Kliesen, an economist with the Federal Reserve Bank of St. Louis; and Tom Wright, chairman, president and chief operating officer of Enterprise National Bank.

On April 3, the Germantown High School team will compete in the District competition against the winning teams from Little Rock, Louisville, and St. Louis. That winner will represent the Eighth District at the Federal Reserve System's national competition May 4-6 in Washington, D.C.

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 the District, participates in formulating monetary policy, and supervises state-chartered member banks and bank holding companies to foster safety and soundness of the District's banking and financial institutions and to protect the credit rights of consumers.

Back to top