Network communications components are also being tested and certified in a special test lab environment at FRAS. BIS Review 104/1997  -4-  The testing effort for Year 2000 readiness within the Federal Reserve will be extensive and complex. Industry experts estimate that testing for readiness will consume more than half of total Year 2000 project resources.
To leverage existing resources and processes, we are modelling our Year 2000 testing on proven testing methods and processes. Our customers are already familiar with these processes and the testing environment. We shared our testing strategy with depository institutions in October of this year, and we are currently developing a coordinated test schedule.