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To: lorne who wrote (30665)	3/25/1999 7:03:00 PM
From: John Hunt	Respond to of 116767

Fed sees possible complications from Y2K - Gramlich << The Federal Reserve is worried about its ability to provide emergency loans to banks whose computers might seize up because of the year 2000 bug, a senior Fed official said on Thursday. Speaking to the Senate Banking Committee, Fed Governor Edward Gramlich warned that banks' requests for money through the central bank's discount window could potentially rise ''substantially in the future.'' ''For example,'' he said, ''one or more banks could experience operational problems, perhaps owing to computer failures related to the century date change, that require a large volume of temporary funding from the discount window.'' -- cont'd -- >> abcnews.go.com