This afternoon, after sketching out the critical nature of the problem, I will focus on plans and actions being taken by the Federal Reserve System to address the Millennium Bug in its own internal operation, as a case study of what an organization like ours must do.
Since we do not know when that point will occur, it is important for accurate information to be always available. The frequency and volume of the more balanced messages may have to increase as we all get closer to the date change, but information sharing should not wait until the last moment. What Has Been Done?