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Gold/Mining/Energy : Gold Price Monitor

GDXJ 113.78

-1.2%

Dec 31 4:00 PM EST

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To: lorne who wrote (46155)	12/21/1999 3:23:00 PM
From: Alex	Read Replies (2) of 116837

Wells Fargo Mail Date: 1900 MINNEAPOLIS (AP) - Wells Fargo & Co (NYSE:WFC - news). recently mailed 13,000 certificate-of-deposit renewal-notices with the year 1900 printed on them, and traces the error to a mistake by a supplier. Bank officials said the notices told customers in 10 states that their certificates would expire in January 1900 instead of January 2000. Wells spokeswoman Teresa Morrow said a statement-printing vendor forgot to change the date on its printing machines. Morrow said Wells sent statements to the printer that said 1/15/00 and the vendor mistakenly translated the 00 as the year 1900. The mistake was discovered Dec. 13, and officials immediately sent out letters apologizing for the error. Customers were told they would get revised renewal notices in a few weeks. ``We asked (the printer) if it was Y2K related and they said, 'It was just us not setting our date on our printer,' Morrow said. Just last week, Wells declared it and its critical suppliers ready for Y2K, after having tested all its computer systems three times. ``If that is the worst thing that happens to us with Y2K, then we will be set for life,' Morrow said. Minneapolis-based Norwest Bank bought Wells Fargo last November, adopting its name and San Francisco headquarters, but it still has major operations in Minneapolis. -------------------------------------------------------------------------------- dailynews.yahoo.com

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