Cleveland Fed Sponsors Creative Writing Contest for High School Students

Sharing Stories on Budget Bests Can Earn Students $500

Allowances, paychecks, gifts. Money comes in and money goes out. The Federal Reserve Bank of Cleveland is offering a $500 prize for students sharing their thoughts on smart budgeting and how they keep track of their cash.

The Cleveland Bank’s creative writing contest asks high school juniors and seniors how they will be stretching their dollars as they plan for prom, graduation, college visits and applications. Students within the Bank’s service area are invited to put their thoughts down in a creative form – essay, short story, poem, or play – and submit the composition to the Bank for consideration.

Each qualifying entry will be judged on comprehension, organization, conclusions, creativity, and clarity. Top prize is a $500 savings bond. Deadline is March 20, 2009.

For submission requirements, complete list of prizes, and an entry form, click www.clevelandfed.org/education.

The Federal Reserve Bank of Cleveland is one of 12 regional Reserve Banks that, along with the Board of Governors in Washington, D.C., comprise the Federal Reserve System. As the nation's central bank, the Federal Reserve System formulates U.S. monetary policy, supervises banks and bank holding companies, and provides payment services to financial institutions and to the U.S. government. Payment services include check clearing, electronic payments, and the distribution and processing of currency and coin.

The Federal Reserve Bank of Cleveland, including its branch offices in Cincinnati and Pittsburgh, serve the Fourth Federal Reserve District, which includes Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia. About 850 of the Bank's 1,400 employees work out of the Cleveland headquarters.

For additional information on the Federal Reserve Bank of Cleveland, see www.clevelandfed.org.

The Bank’s Learning Center and Money Museum is your source for all things money. For online activities, games, and educational resources, visit www.clevelandfed.org/learning center. Or plan an in-person visit to explore 30 interactive exhibits and displays that focus on what gives money value. Admission is free. The facility is open year-round, Monday through Thursday, 10 a.m. to 2 p.m. (closed holidays).