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

To: ANGELIQUE LEE who wrote (7807)	8/7/1999 5:14:00 PM
From: C.K. Houston	Respond to of 9818

The Fed is at The Fair this year, to ease Y2K fears MILWAUKEE (AP) -- Among the livestock, cream puffs, farm goods and flowers, the Federal Reserve Bank will be making its presence known at the Wisconsin State Fair that opens an 11-day run Thursday. The Federal Reserve Bank of Chicago has a booth in the South Exhibit Building aimed at reaching people who are worried about financial implications of the so-called Y2K problem for computers ... www2.startribune.com BAAA ... MOOO ... CLUCK CLUCK ... NEIGH Your money's safe with us. Sorry, but I couldn't resist. I just get tired of the "little" guys getting hurt. While the "big" guys protect themselves. Remember, I was a "coal-miner's daughter" before I went to these "directors meetings" each year in Jamaica [because of my "ex"], staying in luxury villas (at taxpayers expense). While conversation over dinner was usually pretty light ... occasionally it would stray into ploys for tax savings [borderline legal] and how they saved on insurance. "He had a strong background. Really wanted him. Did a background check. Found out his wife had M.S. Had to wait until that last interview before we could ..." Anyway, here are a few things I've archived. There's lots more. But some get bored by my "cut & paste.". ======================================================== Flood of Corporate Borrowing Causing Commotion in Markets Securities: Y2K worries are pushing firms to borrow now and to hedge their bets on interest rates. latimes.com Markets Fear Hedge Fund Collapse May Be Looming Concern is growing in the financial markets that a major hedge fund is in difficulty, prompting fears of a repeat of last year's crisis when the Federal Reserve in the US had to mount a $3.5bn bail-out of Long-Term Capital Management (LTCM) in order to stave off a global financial collapse. ... independent.co.uk Federal Reserve Clears Loan Facility to Y2K Computer Problems WASHINGTON -- The Federal Reserve Board approved a special loan facility to ease any liquidity pressures on banks that arise at the end of this year. But the board denied bankers' requests to lower the interest rate that will be charged on the loans ... Banks complained that the proposed spread would cut into profits and discourage use of the facility ... techstocks.com Y2K Liquidity Contingency Planning Federal Reserve Bank of San Francisco Message 10129152 FDIC SURVEY: Y2K and The Banking Industry - Baseline Survey Report - 62% will definitely or probably withdraw some extra cash. - *14% will definitely or probably withdraw ALL deposits.* fdic.gov Banks fear Shortage of Armored Cars to Haul Cash The nation's banks have a new Y2K worry: A potential shortage of armored cars could force them to take their cash into their own hands and carry it around in sport utility vehicles ... techstocks.com Cheryl