HIGH SCHOOL	LOCATION	ADVISER(S)
	Marlboro High School	Marlboro, NJ	Patrick Scinto

	HIGH SCHOOL	LOCATION	ADVISER(S)
	A.P. Randolph High School	New York, NY	Rob Gerin
	Mamaroneck High School	Mamaroneck, NY	Adam Sobel
	Marlboro High School	Marlboro, NJ	Patrick Scinto
	Montclair High School	Montclair, NJ	Jack Weber, Tom Clifford, Tom Manos
	Pittsford Mendon High School	Pittsford, NY	Richard Sattora
	Rumson High School	Rumson, NJ	Joseph Lanza

	HIGH SCHOOL	LOCATION	ADVISER(S)
	New Dorp High School	Staten Island, NY	Christine Drucker, Christine Cortes

	HIGH SCHOOL	LOCATION	ADVISER(S)
	Cold Spring Harbor High School	Cold Spring Harbor, NY	Anthony Pesca
	Eleanor Roosevelt High School	New York, NY	Susan Miller
	Fort Hamilton High School	Brooklyn, NY	Joan Cilenti
	High Technology High School	Lincroft, NJ	Jonathan Olsen
	Mamaroneck High School	Mamaroneck, NY	Adam Sobel
	Paul D. Schreiber High School	Port Washington, NY	Craig Medico
	Syosset High School	Syosset, NY	Marcy Eager
	West Windsor High School	Plainsboro, NJ	Morton D. Levine

	HIGH SCHOOL	LOCATION	ADVISER(S)
	Northern Highlands High School	Allendale, NJ	Donna Scrivanich
	Trumbull High School	Trumbull, CT	Gerry McCloghry
	Waldwick High School	Waldwick, NJ	Ted Opderbeck
	Westfield High School	Westfield, NJ	Sandy Ford, Thom Hornish

	HIGH SCHOOL	LOCATION	ADVISER(S)
	Bronx School of Law & Finance	Bronx, NY	Lena Borst
	Indian Hills High School	Oakland, NJ	Hank Bitten & Elizabeth White
	James Madison High School	Brooklyn, NY	Ellen Rago
	South Brunswick High School	South Brunswick, NJ	John Lolli & Michael Scheese

	HIGH SCHOOL	LOCATION	ADVISER(S)
	High School for Contemporary Arts	Bronx, NY	David Hubbard

	HIGH SCHOOL	LOCATION	ADVISER(S)
	Bergen Academies	Hackensack, NJ	Al Noto
	Randolph High School	Randolph Township, NJ	Maureen Prince
	Rumson-Fair Haven High School	Rumson, NJ	Joseph Lanza
	Stuyvesant High School	New York, NY	George Kennedy

	HIGH SCHOOL	LOCATION	ADVISER(S)
	New Dorp High School	Staten Island, NY	Christine Drucker, Paul Presti

	HIGH SCHOOL	LOCATION	ADVISER(S)
	A. P. Randolph High School	New York, NY	Rob Gerin
	Dominican Academy	New York, NY	Charles McDermott
	Marlboro High School	Marlboro, NJ	Patrick Scinto
	Montclair High School	Montclair, NJ	Jack Weber, Tom Clifford, Tom Manos
	Ridgefield High School	Ridgefield, CT	Theresa Fischer

	HIGH SCHOOL	LOCATION	ADVISER(S)
	Dodge Vocational	Bronx, NY	Stuart Baum

2007-2008 Schedule of Events

	HIGH SCHOOL	LOCATION	DATE(S) (TENTATIVE)
	Teacher orientation meeting	FRBNY	12/14/07
	Fed Challenge Institute (1)	FRBNY	02/01/08
	Fed Challenge Institute (2)	FRBNY	02/27/08
	Upstate New York Regional Competition	Buffalo Branch	04/03/08
	First Round (2nd District)	FRBNY	04/07 - 04/11/08
	Semi-finals (2nd District)	FRBNY	04/17/08
	Finals (2nd District)	FRBNY	05/01/08
	National Championship	Washington, DC	05/17 - 05/19/08

The Challenge
The Federal Reserve Bank of New York invites high school teams in the Federal Reserve's Second District (New York State; New Jersey counties of Bergen, Essex, Hudson, Hunterdon, Middlesex, Monmouth, Morris, Passaic, Somerset, Sussex, Union and Warren; and Fairfield County in Connecticut) to enter the Fed Challenge. This multilevel national competition is designed to bring real-world economics into the classroom.

Goals

• increase understanding of the Federal Reserve's role in setting U.S. monetary policy,
• develop students' research, cooperation, presentation and critical-thinking skills,
• promote interest in economics, not only as a subject for undergraduate and postgraduate study, but as the basis for a career, and
• foster a closer relationship between schools and the New York Fed.

How it works
The Fed Challenge is a 25-minute performance-based assessment conducted at the head office or Buffalo branch of the New York Fed. Each performance consists of two parts: a 15-minute presentation—inspired by the work of the Federal Open Market Committee (FOMC)—and a ten-minute question-and-answer session.

High School teams, made up of three to five students each, gather research to make a presentation including:

• an analysis of economic and financial conditions (as of the day of the presentation),
• a near-term forecast of economic, financial and international conditions of critical importance in the development of monetary policy (for example, unemployment, inflation, output),
• identification of risks to the economy that should be of special concern for monetary policymakers, and
• a recommendation to increase, decrease or leave unchanged the level of short-term interest rates.

Following the presentation, a panel of judges, comprised of Federal Reserve staff members, financial professionals and educators will question the team. The panel will ask the team about its analysis, forecast and recommendation and the Federal Reserve's role in developing and implementing monetary policy. Judges will score teams based on five criteria:

• knowledge of the Federal Reserve's role in developing and implementing monetary policy,
• response to judges’ questions,
• quality of the presentation,
• quality of the research and analysis, and
• evidence of teamwork and cooperation.

The winner of the Fed District competition will compete for the national championship against other District winners at the Board of Governors in Washington, D.C.

All participants will receive a college recommendation letter. Second District finalists will receive a plaque. The Second District champion will be awarded the Benjamin Strong Trophy. National finalists will also receive a plaque. The national champion will be awarded the FOMC cup.

The McGraw-Hill Companies will sponsor a reception in Washington, D.C., for all students and teachers of Federal Reserve District champions.

The Fed Challenge has been endorsed by the Wharton School of the University of Pennsylvania, the National Academy Foundation and the Conference Board.

For more information

• Outside 212 area code, call toll free: 1-877-FED-CHLG
  (1-877-333-2454)
• In area codes 212, 718, 516 and 914, call: 212-720-1836
• E-mail: FedChallenge@ny.frb.org