Skip to main content
U.S. flag
An official website of the United States government
Dot gov
The .gov means it’s official. 
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on a federal government site.
Https
The site is secure. 
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.
Center for Financial Research

2020-2021 FDIC Academic Challenge

Laptop and books

Press release: SUNY-Geneseo Wins FDIC’s Inaugural Academic Challenge

Congratulations to the State University of New York College at Geneseo, winner of the 2020-2021 FDIC Academic Challenge. The team included undergraduate students Kiersten Colvin, Ian Merrihew, Tyee MacDonnell-Miller, and Oliver Stordahl. The team was advised by Dr. Léonie Stone.

The other finalist teams were California State University, Fullerton; the University of Chicago; the University of Delaware; and the University of North Carolina at Chapel Hill.

See the Academic Challenge Videos page for the winning team’s presentation.


The topic for the 2020-2021 FDIC Academic Challenge was “The Effects of Community Banks on Local Economic Development.” The links below contain the question, a dataset, and a data codebook, as well as the public data sources used in compiling the dataset.

Challenge Materials

Question - PDF (Help
Dataset ( CSV format) ( SAS format) ( Stata format ) - ZIP (Help
Data Codebook - Excel (Help
Transcript of First Q&A Session  
Transcript of Second Q&A Session 

Data Sources

Call Report Data (Call) 
Historical Community Bank Definitions (FDIC) 
Bureau of Economic Analysis Regional Economic Accounts (BEA) 
Bureau of Labor Statistics Consumer Price Index (BLS)

Last Updated: July 1, 2021