all instances of String "name" and int "secondDenom": local variable name may not have been initialized

gistfile1.java

import java.util.Scanner;

public class Money {

  public static void main (String args[]) {  
	Scanner sc= new Scanner(System.in);
	String name, secondName;						//Name is for the first branch, etc.
	int nameOrDenom, firstDenom, secondDenom;		//firstDenom is for the first branch, etc.
	  
	System.out.print("Type 1 to enter a last name, 2 to enter a denomination: ");
	nameOrDenom= sc.nextInt();  // enter 2
	
		if (nameOrDenom == 1) {
			System.out.println("Enter a name: ");
		 	name= sc.next();
		
		}else if (nameOrDenom == 2) {
			System.out.println("Enter a denomination: ");
			secondDenom= sc.nextInt();  // enter any denomination
		
		}else System.out.println("Invalid input value!");	
				
				
// we have reached this block, name has yet to be set
// *** this will not be skipped.  name == ? here?  you should do name = null at the top and then add if name != null or some other boolean logic to escape the init problems.
			if (name.equals("Jefferson") || name.equals("Jackson") || name.equals("Grant")) { // we will crash here
				System.out.println("What denomination does " + name + " appear on? ");
				firstDenom= sc.nextInt();
					
				if((name.equals("Jefferson") && firstDenom == (2) ||
						(name.equals("Jackson") && firstDenom == (20) || 
						(name.equals("Grant") && firstDenom == (50))))) 
						System.out.println("Right!");
				else System.out.println("Wrong!");
				
			}else System.out.println("Invalid name!");	
					
			
			if (secondDenom == 2 || secondDenom == 20 || secondDenom ==50) {
				System.out.println("Who is on the " + secondDenom +" dollar bill?");
				secondName= sc.next();
					
				if (secondDenom == 2 && secondName.equals("Jefferson") ||
						secondDenom == 20 && secondName.equals("Jackson") ||
						secondDenom == 50 && secondName.equals("Grant"))
							System.out.println("Right!");
						else System.out.println("Wrong!");
						
				}
			
				else { System.out.println("Invalid choice!"); }
  		
   }		
}