BIS Review 74/1998  -8-  Additional Outreach Initiatives The Federal Reserve is participating in numerous outreach initiatives with the banking industry, trade associations, regulatory authorities, and other groups that are hosting conferences, seminars, and training opportunities focusing on the Year 2000 and helping participants understand better the issues that need to be addressed.
Distinguished Ladies & Gentlemen: Let me conclude by reiterating that monetary policy in 2008 was conducted in conditions of international volatility of unprecedented dimensions.