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Press Release

Cleveland Fed contest asks students: What would you do if you were principal for a day?

The Federal Reserve Bank of Cleveland is offering high school juniors and seniors an opportunity to win prizes by describing what they would do if they ruled their school.For the Bank's 2015 Creative Writing Contest, students can submit an essay, poem, play, or short story explaining what they would change if they were principal for a day. Would they set new goals for the students? How would they reach those goals? And how would they pay for their cool new school?

To answer these questions, the Cleveland Fed is asking the contestants to think critically about economic concepts such as costs and benefits; opportunity costs; supply and demand; and unintended consequences.
The deadline for submissions is March 2, 2015. The top prize is a $500 cash gift card.

Find Essay Contest details here.

Each qualifying entry will be evaluated on comprehension, organization, conclusions, creativity, and clarity. Submission requirements, a complete list of prizes, and an entry form can be found on the Bank's website.

Teachers, students, and parents can follow the Bank’s Learning Center on Twitter @CleveFed_LC. Or check out research, data, and news from the Cleveland Fed on Facebook.

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,, 513.455.4479