CDC

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At its August 24 meeting, the FOMC adopted four proposals, listed below, whose purposes were to ensure the Desk's ability to counter potential liquidity strains in money and financing markets in the period surrounding the century date change and to position the Desk to meet reserve shortages that potentially could far exceed the large seasonal deficiencies that normally arise around each year-end.
Unusual market responses to the century date change could lead to temporary balance sheet growth at some banking organizations during the century date change period.
Between now and the century date change, we will test and continue to refine these plans as necessary to optimize operational effectiveness at the century rollover.
The information in the reports is not a certification of the readiness of the service provider, and it is still incumbent on each bank to work closely with its service providers to prepare for the century date change.
While there are challenges and a great deal of work before us, I can report that we expect to be fully prepared for the century date change.
In late 1995, a Federal Reserve Systemwide project was initiated, referred to as the Century Date Change (CDC) project, to coordinate the efforts of the Reserve Banks, Federal Reserve Automation Services (FRAS) -- the Reserve Banks' centralized mainframe data processing and data communications services organization -- and the Board of Governors.
Nasdaq: CACI) announced today that it has been awarded a contract by the Commonwealth of Virginia's Century Date Change Initiative (CDCI) Project Office to provide independent verification and validation (IV&V) for the Commonwealth's Year 2000 solutions to agencies ranked within Level I.
ITAA*2000 is the industry's century date change certification program, which examines processes and methods used by companies to perform their Year 2000 software conversions.
ITAA 2000 is the industry's century date change certification program that certifies that a company's processes and methods have been successfully implemented to perform Year 2000 software conversions.
ITAA 2000 is the information technology industry's century date change certification program, which examines processes and methods used by companies to perform their Year 2000 software conversions.
the century date change does not affect your deposit insurance
TAVA's Plant Y2kOne has proven its value to companies addressing year 2000 issues, and we're confident it will provide significant benefits to Unisys customers facing the century date change challenge.
Colvin thanked the Congress for passing the Year 2000 Information Disclosure Act, which will encourage the good faith sharing of Y2K information to prevent catastrophic results when computers and building systems fail to interpret the century date change.