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 - PDF
Transcript of Second Q&A Session - PDF
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)