105-2 Hearing: Impact of The Year 2000 Computer Problem on The World's Economy, S. Hrg. 105-952, April 28, 19981999 |
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2000 awareness 2000 challenge 2000 compliant 2000 computer problem 2000 Conversion 2000 readiness activities address the problem Administration affected agencies air traffic control Answer assessment banking billion broker-dealers business community cable carriers century date change Chairman committee communications industry computer systems contingency planning continue coordinate cost countries critical customers deal Department of Commerce Department's develop disruptions Emergency Alert System ensure equipment Federal Government Federal Reserve financial institutions foreign Gartner Group global hearing impact infrastructure international telecommunications International Telecommunications Union issue January JOHN MCCAIN KENNARD MALLETT manufacturers markets member firms ment millennium mission-critical systems networks NIST NYSE operating units organizations potential private sector prob progress Question remediation efforts responsibility role satellite Secretary securities industry Senator Bennett SLADE GORTON telecommunications networks testing Thank tion trade U.S. economy U.S. SENATOR vendors Y2K compliance Y2K problem
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16. lappuse - ... time to time by depository institutions experiencing major hardware/software outages or that have had their operations disrupted due to natural disasters such as the Los Angeles earthquake, hurricane Hugo in the Carolinas, and hurricane Andrew in south Florida. In these cases we worked closely with financial institutions to ensure that adequate supplies of cash were available to the community and also arranged for our operations to function virtually without interruptions for 24 hours a day during...
17. lappuse - System, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the Office of Thrift Supervision, and the National Credit Union Administration...
7. lappuse - Phelan, who is the Chairman and Chief Executive Officer of the New York Stock Exchange.
5. lappuse - I ask that my statement be made part of the record. The CHAIRMAN. Without objection. [The prepared statement of Senator Inouye follows:] PREPARED STATEMENT OF HON.
11. lappuse - Year 2000 Readiness It is crucial that the Federal Reserve maintain reliable services to the Nation's banking system and financial markets. I want to assure you that the Federal Reserve is giving the Year 2000 its highest priority, commensurate with our goal of maintaining the stability of the Nation's financial markets and payments systems, preserving public confidence, and supporting reliable Government operations. The Federal Reserve System has developed and is...
17. lappuse - These problems could be manifested in a number of ways and would not necessarily involve funding shortfalls. Nevertheless, the Federal Reserve is always prepared to provide information to depository institutions on the balances in their accounts with us throughout the day, so that they can identify shortfalls and seek funding in the market. The Federal Reserve...
20. lappuse - ... ten-minute video entitled "Year 2000 Executive Awareness" intended for viewing by a bank's board of directors and senior management. The video presents a summary of the Year 2000 five-phase project management plan outlined in the interagency policy statement. In my introductory remarks on the video, I note...
23. lappuse - Grasso, Chairman and Chief Executive Officer of the New York Stock Exchange (NYSE or Exchange).
40. lappuse - Council will be reaching out to those outside the Federal Government to increase awareness of the year 2000 problem and to offer appropriate assistance and support The Federal Government has a responsibility to exercise leadership in this area. Everyone has an interest in a smooth transition to the year 2000 by organizations operating independently of the Federal government. The inability of a stock market in another country to open on Monday, January 3, 2000, the...
9. lappuse - Thank you very much, Senator. I am pleased to appear before the committee.