NEW YORK—On Thursday, November 17, SUNY Geneseo won the Federal Reserve Bank of New York’s 2005 College Fed Challenge championship. The New York competition involved 29 teams (made up of 3-5 students each) from New York, New Jersey, Connecticut, and Massachusetts including: Bard, Barnard/Columbia, Bloomfield, Boston College, Centenary, Cornell, Fairfield, Fordham, Felician, Hamilton, Harvard, Iona, Marist, New York Tech, Northeastern, Nyack, Olin, Pace, Ramapo, Rutgers-Newark, Rutgers-New Brunswick, Sacred Heart, St. Francis, St. John’s, Seton Hall, SUNY Binghamton, SUNY Geneseo, Western New England, and Wagner.
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. 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. 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 29.
The Moody’s Foundation, a charitable foundation established by Moody’s Corporation to support education programs in mathematics, economics and finance, will award a series of grants to teams of students and the economics departments of the sponsoring universities. A total of $85,000 will be awarded to the top teams in the New York District College Fed Challenge and the College Fed Challenge interdistrict competition.