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Summary and Comments

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Category: 

Banking

Date: 

1997-10-22 17:28:07

Subject: 

The FED Will Not Certify Y2K Compliant Banks

  Link:

http://www.frbsf.org/fiservices/cdc/bulletin2/frsupport.html

Comment: 

The Federal Reserve System has decided not to enter into the "FED Housekeeping Seal of Approval" business.

I don't blame them. There won't be any 2000-compliant money center banks anyway, so the market is limited.

This appeared in the October issue of the FED's 2000-newsletter.

* * * * * * *

It is not possible for the Federal Reserve to determine the readiness of either your environment or your software. Therefore, as a service provider, the Federal Reserve will not certify the CDC readiness of its customers with respect to Federal Reserve products.

Link: 

http://www.frbsf.org/fiservices/cdc/bulletin2/frsupport.html

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