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To: Henry Volquardsen who wrote (1670)	5/25/1999 12:08:00 AM
From: David C. Burns	Respond to of 3536

I also think the Y2K thing is a stretch. I know from personal involvement that the banking industry has been putting a lot of focus on Y2K so I doubt they will be hit directly. So a Y2K hit is unlikely to be more severe for the banking industry than the economy as a whole. Henry, The analyst basically said, "oh yeah, the banks are ok on Y2K - it's their customers' Y2K failures that might hurt them." It's worse than a stretch. Dave

To: Henry Volquardsen who wrote (1670)	5/25/1999 8:12:00 AM
From: Sam	Read Replies (2) \| Respond to of 3536

Interesting article. Consumers getting less profligate, paying down debt! The end of the world as we know it? What rough beast lies waiting in the wings? Message 9735272 <<The decline corresponds with a report in Monday's "Wall Street Journal" that the pace of new consumer debt has slowed, along with delinquency and charge-off rates. Moody's Investors Service reports that consumers are paying off outstanding principal at record levels.>>