The Resource YEAR 2000 COMPUTING CRISIS: Federal Deposit Insurance Corporation's Efforts to Ensure Bank Systems Are Year 2000 Compliant

YEAR 2000 COMPUTING CRISIS: Federal Deposit Insurance Corporation's Efforts to Ensure Bank Systems Are Year 2000 Compliant

Label
YEAR 2000 COMPUTING CRISIS: Federal Deposit Insurance Corporation's Efforts to Ensure Bank Systems Are Year 2000 Compliant
Title
YEAR 2000 COMPUTING CRISIS: Federal Deposit Insurance Corporation's Efforts to Ensure Bank Systems Are Year 2000 Compliant
Contributor
Subject
Language
eng
Summary
We are pleased to be here to discuss the progress being made by the Federal Deposit Insurance Corporation (FDIC) in ensuring that the thousands of banks it oversees are ready for the upcoming century date change. If Year 2000 issues are not adequately addressed, key automated bank systems-affecting trillions of dollars in assets, transactions, and insured deposits-are subject to serious consequences ranging from malfunction to failure. Such consequences would at the very least cause significant inconveniences to both banks and their customers. More significantly, system failure could lead to bank closings and serious disruptions to both the banking community and bank customers. Further, we will be discussing the progress FDIC is making in addressing Year 2000 concerns for its own internal systems. This testimony is the second in a series of reports you requested on the status of efforts by federal financial regulatory agencies to ensure that the institutions they oversee are ready to handle the Year 2000 computer conversion challenge. We also recently testified and reported on the status of the National Credit Union Administration's efforts
Cataloging source
DTICE
Index
no index present
Literary form
non fiction
http://library.link/vocab/relatedWorkOrContributorName
  • Brock, Jack L, Jr
  • GENERAL ACCOUNTING OFFICE WASHINGTON DC ACCOUNTING AND INFORMATION MANAGEMENT DIV
http://library.link/vocab/subjectName
  • Crisis management
  • Banking
  • Computers
  • Regulations
  • United states government
  • Communities
  • Corporations
  • Failure
  • Deposits
  • Internal
  • Insurance
  • Malfunctions
  • Administration and Management
  • Economics and Cost Analysis
Label
YEAR 2000 COMPUTING CRISIS: Federal Deposit Insurance Corporation's Efforts to Ensure Bank Systems Are Year 2000 Compliant
Instantiates
Publication
Note
Testimony before the Subcommittee on Financial Services and Technology, Committee on Baking, Housing, and Urban Affairs, U.S. Senate
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Extent
13 pages
Form of item
online
Governing access note
APPROVED FOR PUBLIC RELEASE
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Note
Hein Online
System control number
  • (OCoLC)227867159
  • (OCoLC)ocn227867159
Label
YEAR 2000 COMPUTING CRISIS: Federal Deposit Insurance Corporation's Efforts to Ensure Bank Systems Are Year 2000 Compliant
Publication
Note
Testimony before the Subcommittee on Financial Services and Technology, Committee on Baking, Housing, and Urban Affairs, U.S. Senate
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Extent
13 pages
Form of item
online
Governing access note
APPROVED FOR PUBLIC RELEASE
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Note
Hein Online
System control number
  • (OCoLC)227867159
  • (OCoLC)ocn227867159

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