The Federal Reserve plans to finalize contingency plans reflecting these recommendations by November 30, 1998. We will continue to refine our CDC contingency plans as necessary throughout 1999. In fourth quarter 1998, we will focus our efforts on how to test our contingency plans to ensure their operational effectiveness at the century rollover.
Undoubtedly API has produced numerous tangible benefits in the post-crisis economy. Our national banks are currently a part of the solution for other national economic development issues. In other words, our national banking industry that was previously a hindrance to national economic development has become obsolete.