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October 26, 1998
Web posted at: 11:15 PM EDT

by Kathleen Ohlson

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(IDG) -- The Bank Administration Institute and 40 U.S. banks have released a list that aims to reassure consumers and provide a reality check about their banks and finances in the face of the year 2000 bug.

The list emphasizes that consumers take a practical approach to their financial routines; realize that banks are advised by federal regulators; and that financial institutions must have their hardware and software systems year-2000-compliant by year's end.

The effort is the latest in a flurry of announcements made this week that address millennium bug concerns. For instance, the U.S. government has earmarked $3.4 billion in emergency spending to fix year 2000 problems in government computer systems, as well as making an overall push for year 2000 awareness.

Special Y2K Bug - Millenium Mahem Related stories: Clinton inks $3.4B Y2K budget - October 23, 1998 Survivalists try to prevent millennium-bug bite - October 10, 1998 Yes, another Y2K issue to worry about: sabotage - October 9, 1998

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Related IDG.net stories: Note: Pages will open in a new browser window Group cooks up Y2K scorecard (Computerworld) Clinton signs year 2000 law (Computerworld) SEC cracks whip on Y2K disclosure (Computerworld) Clinton inks $3.4B Y2K budget (Computerworld) Is the year 2000 problem overhyped? Impossible! (Computerworld) External sites are not endorsed by CNN Interactive.