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1997-10-22 17:28:07


The FED Will Not Certify Y2K Compliant Banks



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.

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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.


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