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District Circular Letters

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December 22, 1998

BANKING SUPERVISION AND REGULATION:
YEAR 2000 AWARENESS ISSUES

To Chief Executive Officers
of State Member Banks, Bank Holding Companies,
U. S. Branches and Agencies of Foreign Banks,
Edge Act Corporations, and others concerned
in the Twelfth Federal Reserve District

Bank Administration Institute Release Regarding the Century Date Change

The Federal Reserve Bank of San Francisco is committed to providing depository institutions with timely educational material about the importance of Y2K readiness to the banking community. Accordingly, we are pleased to send you the enclosed press release recently published by the Bank Administration Institute (BAI). The press release includes a "Top 10 Awareness List" that institutions might provide to their customers regarding the banking industry and the year 2000 issue.

Additional Information

For additional information regarding the Federal Reserve's Year 2000 bank supervision program, please contact Mr. Robert Johnson, Assistant Vice President, Banking Supervision and Regulation, at (213) 683-2738.

If you have questions about the Federal Reserve System's Century Date Change Project, please contact your local Business Development office, as listed below:

Los Angeles   (213) 683-2292
Portland   (503) 221-5787
Salt Lake City   (801) 322-7927
San Francisco   (415) 974-2851
Seattle   (206) 343-3771