century date change


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century date change

The change from 1999 to 2000. See Y2K problem.
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Real business fixed investment surged at an annual rate of almost 24 percent in the first quarter of the year, rebounding sharply from its lull at the end of 1999, when firms apparently postponed some projects because of the century date change.
An important innovation that altered the institutional framework within which open market operations were conducted was made on July 20, when the Federal Reserve Board voted to establish a Century Date Change Special Liquidity Facility (SLF) for lending to depository institutions from October 1, 1999, through April 7, 2000.
At the December meeting, FOMC members held the stance of policy unchanged and, to avoid any misinterpretation of policy intentions that might unsettle financial markets around the century date change, announced a symmetric directive.
Some Japanese investors who were reluctant to maintain large overseas exposures amid year-end uncertainty, reportedly repatriated capital or curtailed investment outflows before the century date change, thus creating additional demand for yen.
Retail sales might be also augmented during the closing weeks of the year by precautionary purchases related to century date change concerns.
The survey results also indicate that the public is increasingly confident that basic payment systems will work properly during the century date change.
The prospects for business inventories over coming months were difficult to evaluate, with the usual uncertainties accentuated by century date change effects.
addresses the agencies' supervisory approach to possible temporary balance sheet growth due to potential unusual market responses around the century date change.
The Reserve Banks and the Board have implemented test century date change (CDC) local area networks to verify the readiness of vendor-provided products and internal applications that operate in network-based computing environments.
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.