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Press Release

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.

Federal Reserve Bank of Cleveland

The Federal Reserve Bank of Cleveland is one of 12 regional Reserve Banks that along with the Board of Governors in Washington DC comprise the Federal Reserve System. Part of the US central bank, the Cleveland Fed participates in the formulation of our nation’s monetary policy, supervises banking organizations, provides payment and other services to financial institutions and to the US Treasury, and performs many activities that support Federal Reserve operations System-wide. In addition, the Bank supports the well-being of communities across the Fourth Federal Reserve District through a wide array of research, outreach, and educational activities.

The Cleveland Fed, with branches in Cincinnati and Pittsburgh, serves an area that comprises Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia.

Media contact

Doug Campbell,, 513.218.1892