FDIC Brochure to Answer Questions About
Year 2000 Date Change
The FDIC soon will publish a brochure answering some of
the questions bank customers may have about the Year 2000 (or Y2K) date change and its
impact on businesses like banks and savings institutions. (As noted in our last issue,
some computer systems may incorrectly read the date January 1, 2000, as January 1, 1900.
That may cause malfunctions in services provided by businesses, utilities and other
organizations.) The FDIC brochure explains the steps that financial institutions and
federal regulators are taking to assure that computer systems will work properly come
January 1, 2000. It also includes a reminder that the FDIC insures deposits up to $100,000
against loss due to the failure of an insured bank or savings association. For your free
copy of our Year 2000 brochure, please send a request by mail, Internet or fax to the
FDICs Public Information
Center, or read the brochure on the FDICs
Internet site. The brochure is expected to be available in late July of 1998.