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Contact: Staci Schiller
Phone: (415) 974-3240

ANCHORAGE'S SERVICE HIGH SCHOOL MEETS THE CHALLENGE!

Alaska Students Win Second Place in the Federal Reserve Bank of San Francisco Economics Challenge

SAN FRANCISCO, May 7, 1999--Service High School of Anchorage, Alaska, won second place in the Federal Reserve Bank of San Francisco Economics Challenge competition, sponsored by the Federal Reserve Bank of San Francisco and State Councils on Economic Education.

The five-member team, coached by teacher Ann Lyon, competed against winners of regional Economics Challenge Competitions from Arizona, California, Hawaii, Oregon, Utah, Washington. Aaron Kirk, Glenn Lau, Taylor Nelson, Joe Peach, and Tim Trudell each received a $100 savings bond for their second-place finish.

First place--and $200 savings bonds--went to economics teacher John Farra's team of David Barclay, Jessica Black, Kate Gruher, May Lim, and Ray Siu of Sunset School in Portland, Oregon. Iolani High School from Honolulu, Hawaii, claimed the third-place spot. Coached by teacher Dick Rankin, team members Jimmy Atkinson, Tanner Fahl, Francis Lam, Kalani Oshiro, and Jason Yeung were awarded $50 savings bonds for their efforts.

Iolani High School's Fahl also was named the top individual student out of all competitors, winning an additional $200 savings bond.

The Federal Reserve Bank of San Francisco Economics Challenge is an annual competition held in the Federal Reserve's western region. Seven teams of three to five students received all-expenses-paid trips to San Francisco to participate. They competed in the areas of microeconomics, macroeconomics (with an emphasis on the Federal Reserve System and money and banking), international and comparative systems, and current economic issues.