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

To: C.K. Houston who wrote (5768)	5/22/1999 12:49:00 PM
From: bearcub	Read Replies (1) \| Respond to of 9818

did you follow up and find burlington northern's july/aug98 press release i mentioned last week about them not being done and that they carry over 80% of the nations coal from our sw coal fields to the energy guzzling ne? i did NOT make that story up. i read the press release, right here on si with my own two eyes and gulped way back then. in fact it is probably the single largest eye opening piece of hard information and certainly rare in its candidness, i had that started me and the family preparing for y2k

To: C.K. Houston who wrote (5768)	5/23/1999 12:20:00 AM
From: C.K. Houston	Read Replies (1) \| Respond to of 9818

FEDERAL RESERVE PROPOSES Y2K LOANS Feds want cash reserve to help procrastinators prepare & undo after effects. By Reuters May 22, 1999 9:06 AM PT WASHINGTON -- The U.S. Federal Reserve Friday proposed making loans available to banks that may need access to extra funds as a result of the millennium bug. The Fed proposed making the facility available to depositary institutions between Nov. 1 through April 7, 2000. The loans would accommodate liquidity needs which may arise during the period should, for example, companies rush to banks seeking money to deal with last minute problems caused by the bug, or consumers hoard cash to have it on hand. The loans would accrue interest at a rate above the federal funds rate, an interbank lending rate that is a benchmark for short-term borrowing costs. Unlike normal borrowings under the Fed's regular discount window loans, the Y2K loans would have less restrictions on use and duration, and banks would not need to seek funds elsewhere first... greenspun.com Cheryl