prepared to pump as much money into the system as may be needed to offset any disruptions caused by year-2000 problems.

Peter R. Fisher, executive vice president of the Federal Reserve Bank of New York and the manager of the System Open Market Account, the body that implements the central bank's monetary policy, disclosed a number of technical changes that will make it easier for banks to fund themselves around yearend.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.