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

To: John Mansfield who wrote (2547)	9/5/1998 8:46:00 PM
From: C.K. Houston	Read Replies (1) \| Respond to of 9818

C.K. HOUSTON'S "YEAR 2000 & BANKING REPORT - 60+ pages Email: Quest@hypercon.com Subject: Y2K BANKING ==================================================== Available in only Word97 format I wish I could provide my report in various formats ... but, just don't have the time nor inclination to go thru the mechanics. If someone wants to do it and make available to the public - that's fine with me. If someone could convert this report to "pdf" format and put on a web site ... even better. Just keep me un-involved. I honestly don't have the time anymore. Just seemed a shame for me to do such much work and not share. I'm concentrating on personal contingency planning these days, and not trying to educate the public. Have gotten burned out with over 2 1/2+ years of research. No good news. All bad. Just gets worse. If some want to believe creative, warm-fuzzy PR that's being disseminated ... let 'em. My time and energy is better spent taking care of family & friends. Cheryl ====================================================== Y2K & BANKING: TABLE OF CONTENTS ====================================================== - FED HATCHES PLAN TO INCREASE U.S. CURRENCY RESERVES 5 - BUNKER MENTALITY TAKING HOLD IN FEAR OF Y2K GLITCH 7 - BENNETT'S NATIONAL PRESS CLUB SPEECH JULY 15 '98 EXCERPT 8 - TESTIMONY CONCERNING THE PROGRESS OF FINANCIAL FIRMS IN .. MANAGING Y2K 10 - WE IN THE PRESS HAVE NOT TAKEN THIS SERIOUSLY 15 - FEDS SAY VENDORS ARE STONEWALLING REQUESTS FOR .. COMPLIANCE INFO 19 - US HEDGE FUNDS US$5 BILLION BETS ON MILLENNIUM BOMB 20 - Y2K, A NEW BUZZWORD IN THE FED'S LEXICON 21 - BANKS WORRY Y2K WOES MAY LEAD TO RISE IN BAD LOANS 25 - 5% BANK FAILURE RATE COULD TOPPLE THE ECONOMY 26 - FDIC MAY BE SETTING BAD EXAMPLE ON YEAR 2000 27 - MOST ADVANCED US BANK: NOT NEARLY COMPLIANT 29 - CANADIAN BANK OFFICIAL WARNS WORLD ECONOMIC CRISIS 37 - PREDICTION: BREAKDOWN IN INT'L CURRENCY MARKETS 38 - BANK HOLIDAY: ONE DAY ONLY (WE PROMISE!) 40 - BUSINESS WEEK SAYS: TOO LATE FOR SMALL BANKS 41 - MISLEADING HEADLINE: 98% OF BANKS ARE COMPLIANT 44 - CHASE MANHATTAN: 1988 PC'S RUNNING SOME OPERATIONS 45 - LANGUAGE OF BANK DISASTER IN FINANCIAL PRESS 47 - COMMITTEE OKS REGULATORS TO ASSIST BANKS IN Y2K .. CHANGEOVER 48 - FEDERAL REGULATORY EFFORTS TO ENSURE FINANCIAL .. INSTITUTION SYSTEMS ARE YEAR 2000 COMPLIANT 50 - BIS: BANK FOR INT'L SETTLEMENTS: DECLARE WAR ON Y2K 51 - US BANKING: PERVASIVE PROBLEMS <bg>52 - FED MAY BAR TRANSACTIONS WITH FOREIGN BANKS 53 - BANKBOSTON TERRIFIED 53 - FEDERAL RESERVE: NEW YEAR'S PLANS 53 - FOREIGN BANKS ARE BEHIND IN REPAIRING 2000 BUG 54 - FED CHIEF: FOCUS ON YEAR 2000 GLITCH - EUROPE & ASIA NOT .. MOVING FAST ENOUGH 55 - FIRST BANK CAPITULATES TO Y2K CRISIS 61 Many more to follow - Y2K MERGER CATALYST FOR FINANCIAL INSTITUTIONS 62 - FEDERAL RESERVE AREAS OF CONCERN 63 - HOUSE TESTIMONY: AMERICA'S COMMUNITY BANKERS ON THE .. DEPOSITORY - INSTITUTION Y2K COMPUTER PROBLEM .. REMEDIATION ACT 64 FEDERAL RESERVE GOVERNOR EDWARD W. KELLEY, JR. REMARKS .. .. ON THE MILLENNIUM BUG" 75 - GAO HOUSE TESTIMONY ON BANKING & FINANCIAL SERVICES : .. STRONG LEADERSHIP NEEDED TO AVOID DISRUPTION OF .. ESSENTIAL SERVICES 83