[ZeroCool2u]

I actually do work at the New York Fed and saw this announcement recently myself. I was wondering about that standard and started looking at the website, but it seemed a bit light on information, which made me suspicious. At least I know my instincts may have been on the right track.

Unfortunately, I'm much too far removed to influence anything. The Federal Reserve System is massive and distributed into many large silos (Reserve Banks & The Board of Governor's) that prevent power from being too centralized in a single bank, but also make it difficult to work with anyone that's not in your bank. Interestingly, this is by design! Anyways, this work is primarily driven by the Board of Governor's and I'm at FRBNY, so I'll probably be getting most of my information from press releases like this one.