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

To: flatsville who wrote (2592)	9/19/1998 11:14:00 PM
From: C.K. Houston	Read Replies (1) \| Respond to of 9818

Sounds like the FED's doing a CYA ... and doesn't have much faith in their own rating system. The Federal Reserve recently developed a rating system to assess the compliance efforts of banks with regard to Year 2000 readiness ... "Such compliance ratings cannot be used in any manner to suggest that the Federal Reserve certifies or warrants an organization's readiness for the century date change" So, I wonder ... what's the point of this whole rating system ... if it can't be trusted? Cheryl