The Federal Reserve has also produced a ten-minute video entitled “Year 2000 Executive Awareness” intended for viewing by a bank’s board of directors and senior management. The video presents a summary of the Year 2000 five-phase project management plan outlined in the interagency policy statement.
In my introductory remarks on the video, I note that senior bank officials should be directly involved in managing the Year 2000 project to ensure that it is given the appropriate level of attention and sufficient resources to address the issue on a timely basis. The video can be ordered through the Board’s Web site.