Federal Reserve Board Internship Announcement

Description:

Assist in developing, implementing and evaluating consumer education programs and
projects related to consumer financial services laws and regulations. This is an unpaid,experiential learning opportunity. General responsibilities include:

♦ Conduct background studies via database and library searches and contacting
relevant federal and state agencies and organizations.
♦ Assist Consumer and Community Affairs staff in collecting, preparing, and
analyzing data from various sources and surveys as needed.
♦ Assist in developing and disseminating consumer materials.
Recent projects have included:
Financial Capability. Work with consumer policy staff to maintain database
on ongoing financial capability/literacy initiatives, projects, and programs at the
local, state, and national levels.
Electronic and Mobile Banking. Maintain and update database on new
electronic financial products and services, such as stored-value and payroll cards. Assist with data analysis of consumers’ use of e-banking.
Credit Cards. Analyze data on consumers’ understanding of disclosures on
solicitations and monthly statements.

Financial Privacy. Analyze consumer responses to opt out provisions and assist in
project to design easy-to-understand consumer financial privacy notices.

What You Will Gain:

♦ Exposure to a variety of federal and non-profit agencies based in Washington DC.
♦ Hands on experience with the research process and with data analysis in particular.
♦ A greater understanding of the policy process and consumer protection from the
governmental perspective.

Qualifications:

The qualified candidate must have excellent written and oral communication skills and be an independent worker. Courses in introductory and intermediate microeconomics, econometrics or statistics, consumer behavior, and markets and regulation are helpful. Knowledge of word processing and spreadsheet computer programs essential; knowledge of statistical analysis programs (SAS, Stata, SPSS) helpful.

Availability and Application:

Internships are available year-round: Fall, Winter, Spring, and Summer quarters; or Fall,Spring, and Summer semesters. Most internships are for a 10 to 12 week period.

E-mail or fax a resume,cover letter addressing qualifications, and names of 2-3 references to Jeanne Hogarth,Consumer & Community Affairs, Federal Reserve Board, Washington DC 20551.
Fax: 202-785-6085; e-mail: jeanne.m.hogarth@frb.gov (Voice mail: 202-785-6024)