Summary In sum, our systems are ready. We are working to build public confidence. We will be on the job constantly during the rollover period and we will be prepared for any problems that may arise.
No one can guarantee the complete absence of isolated glitches, but Americans should feel confident the Federal Reserve and our depository institutions have done everything that can be done to make the transition to the Year 2000 as smooth as possible. BIS Review 97/1999  2