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To: lorne who wrote (45004)11/14/1999 12:43:00 PM
From: John Hunt  Read Replies (3) | Respond to of 116753
 
Y2K Liquidity Contingency Planning

<< Reprinted by permission: Bank Asset/Liability Management, January 1999

What can you do to have enough liquidity for potential Y2K problems?

In the November 1998 issue of Bank Asset/Liability Management, we discussed how Y2K may impact bank liquidity. That article stressed two key points. First, regardless if the Y2K glitch really causes serious problems or not, the fear that it could will trigger demands for liquidity. Second, banks should include liquidity in their Y2K contingency plans.

So how do you estimate how much liquidity you may need? What funds sources can you count on tapping? And what plans can you make to obtain it? >>

... article cont'd at Fed Reserve Bank San Fran site ...

frbsf.org

*****

Hi Lorne,

Article apparently from earlier this year ... Quite a difference from Alan Greenspan's "I'm OK Jack" public stance on cash to pump into the banking system. Wonder how much of the cash will run into gold at the last minute?

Got your Y2K ducks in order?

:-))

John