JS-662: Statement by Treasury Spokesman Rob Nichols in response to the power outage



	FROM THE OFFICE OF PUBLIC AFFAIRS August 14, 2003 JS-662 Statement by Treasury Spokesman Rob Nichols in response to the power outage affecting the U.S. and Canada The U.S. financial system is extremely resilient. Power went down after the stock markets were closed. Our information is that market participants and exchanges were able to shut down in an orderly manner. We are actively monitoring the situation and are in close touch with the financial regulators, the bond markets, the New York Fed and others.The bond markets are not disrupted. We have not received reports of any major disruption to the nation's banking system.