Y2K Year 2000; Leave money in banks where it will be safe, FDIC chief says; Financial institutions got top marks for Y2K readiness, she notes

From: The Milwaukee Journal Sentinel | Date: September 30, 1999| Author: DOUGLAS D. ARMSTRONG | Copyright information

All but a handful of the nation's insured banks are prepared for the year 2000 date change, and customers should leave their money where it is to be safe, says Federal Deposit Insurance Corp. Chairman Donna Tanoue.

Tanoue will hold a "Y2K summit" in Milwaukee today with state and federal banking administrators as one stop on a nationwide tour aimed at dispelling public fear about the safety of deposits held by financial institutions after Jan. 1. The summit is scheduled for 8 to 10...

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