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Journal Article
The Federal Reserve's contingency financing plan for the century date change
With the approach of the new millennium last year, many market participants resolved to limit their exposure to Y2K-related risks by cutting back normal trading activities. The Federal Reserve foresaw that the widespread adoption of such a strategy could lead to serious liquidity problems in key financing markets. Consequently, the Fed undertook to create a Standby Financing Facility that would provide securities dealers with a form of backup funding and ease market anxieties about year-end credit conditions.
Journal Article
Was Y2K behind the business investment boom and bust?
During the latter part of the 1990s, U.S. economic growth was boosted by sizable increases in business purchases of information processing equipment and software, otherwise known as high-tech capital goods. Beginning in 2000, though, firms began to curtail these expenditures; by 2001, high-tech and other forms of business investment were falling sharply. Indeed, much of the downturn in the growth of U.S. economic activity can be traced to the sharp decline in investment spending. Several explanations have been offered, from the acceleration in labor productivity?the so-called ?New Economy? ...
Journal Article
Freeze on changes to the deposit-reporting schedule
Journal Article
Year 2000: Tying up loose ends
Journal Article
Atlanta Fed hosts century date change symposium
Journal Article
Informing customers about the Year 2000
Journal Article
Policy statement issued on year 2000 issues