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Banks offer consumers a Y2K checklist
October 26, 1998
Web posted at: 11:15 PM EDT
by Kathleen Ohlson
(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.