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Technology Stocks : Discuss Year 2000 Issues -- Ignore unavailable to you. Want to Upgrade?

To: foobert who wrote (7618)	8/2/1999 9:54:00 PM
From: Ken	Respond to of 9818

Bad fobert! I told you to work more on your insult techniques before insulting me again! This one was unfunny as your other ones! Go to your room NOW! and do a lot more work! Go on now! Scat!

To: foobert who wrote (7618)	8/2/1999 10:12:00 PM
From: Technologyguy	Read Replies (4) \| Respond to of 9818

Sorry to interject some real news, but the banks are fine. 99% of Financial Firms Set for Y2K Filed at 1:35 p.m. EDT WASHINGTON (AP) -- Federal regulators reported today that 99 percent of the nation's banks, thrifts and credit unions have completed testing for the Year 2000 bug in their computer systems. Among the nation's 10,335 banks and thrifts, 10,246 received the highest possible rating for readiness, 78 were told they needed to improve and 11 drew unsatisfactory ratings, according to the Federal Deposit Insurance Corp. A similar breakdown among the 10,807 credit unions included in the overall assessment wasn't immediately available. The regulators said most financial institutions, a number they did not specify, already are using computer systems that are Year 2000 compliant every day without problems. The institutions had to meet a June 30 deadline for testing. The report came from the Federal Financial Institutions Examination Council, which consists of bank regulatory agencies including the Federal Reserve and the Federal Deposit Insurance Corp. ''The agencies are confident that, based on their reviews, financial institution customers will be able to conduct business as usual both before and after Jan. 1, 2000,'' the council said in a statement, adding that regulators are ''closely supervising'' the few institutions that are lagging in their readiness. The Federal Reserve recently approved a plan to make special loans to banks, thrifts and credit unions that might need emergency money because of consumer fears about system breakdowns caused by computers that can't handle the Year 2000 date change. Last week, Fed Chairman Alan Greenspan said in congressional testimony that banks will be the safest place for people to keep their cash at the end of the year.