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To: John Hunt who wrote (29574)3/8/1999 11:58:00 PM
From: John Hunt  Respond to of 116764
 
Silence is deafening as banks address Y2K

<< One way around that is to pay customers making large withdrawals with cashier's checks or wire transfers, and the Colorado Bankers Association is researching the legality of doing just that.

Most people assume they have the right to receive currency on demand. But banks have a legal right to offer other forms of payment, said Don Childears, CBA president.

Hiding behind that legal defense may not be the smartest move. A sure way to strike panic in the heart of the public would be to issue cashier's checks or limit automated teller machines to $40 withdrawals. >>

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