Among BIS Review 74/1998  -5-  other things, the Working Group is considering plans for the establishment of Year 2000 communications centers throughout the country, and perhaps internationally. Primarily, such centers would facilitate the exchange of up-to-date information on developing problems and issues among participants and enhance the development of consensus, when necessary, to coordinate timely responses to problems.
The Federal Reserve is assisting in the government’s coordination of the Year 2000 effort within the financial industry by participating in the Financial Institutions Sector Group of the President’s Council on Year 2000 Conversion.