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To: tech who wrote (1281)	11/19/1997 3:36:00 PM
From: tech	Respond to of 3391

Regulators take first action against bank for year 2000 delay WASHINGTON (AP) - Federal and state regulators have taken their first enforcement action against a bank for falling behind in its efforts to deal with the year 2000 computer problem. In a joint action Monday by three regulatory agencies, Putnam-Greene Financial Corp. of Eatonton, Ga., and its three subsidiary Georgia banks were ordered to have the necessary computer hardware and software in place by Dec. 31. The banks - Putnam-Greene; Farmers and Merchants Bank of Eatonton; Farmers Bank of Union Point; and First Bank of Coastal Georgia of Pembroke - also must report on their progress to regulators within 30 days of the order. The action was taken by the Federal Reserve Board, which regulates bank holding companies, the Federal Deposit Insurance Corp. and the Georgia Department of Banking and Finance. Spokesmen for the banks couldn't immediately be reached Monday evening for comment. When the calendar hits Jan. 1, 2000, computers may not be able to distinguish that year from 1900, potentially causing serious disruptions to the financial system, regulators have warned.

To: tech who wrote (1281)	11/19/1997 3:41:00 PM
From: tech	Respond to of 3391

ITU Finally Gets Rolling: International Telecommunications Link: guide-p.infoseek.com The International Telecommunications Union (ITU) has entered the fray. It is now saying that it knew all along that this is a problem. It also is saying that it's not a really big problem. It will soon publish a questionaire. * * * * * * * * The main areas which have already been identified by the ITU as being affected by the change from 1999 to 2000 are in message handling systems (MHS) and directory services which use UTC time based on a two-digit representation of the year and in some post-processing operations such as call charging, customer billing or other record used within the post processing billing systems where, in simple terms, the start time and end time are compared to determine the chargeable duration. . . . The ITU will now set up a task force to coordinate all ITU worldwide activities relating to the Year 2000. In addition, the ITU will create a central database to compile Year 2000 information collected from telecoms companies through an impact analysis questionnaire. . . . "Although no major disruptions are expected in international telecoms networks in the change from 1999 to 2000, it is clear that telecom carriers will be affected in a number of ways in whatever transactions which calls upon the use of dates, whenever they are based on a two digit representation," explained Dr. Geza Gosztony, the Hungarian chairperson of ITU-T Study Group 2. The ITU's Web site is at itu.ch .