y2k

Y2K The year 2000 represents more than just an end to the 1900s. For computers worldwide, it can mean major problem. When software for many of the business computers in use today was in development, many programmers tried to save space by programming computers only to deal with years in the 20th century. Today, though, many computer users discover problems anytime they are dealing with a date that falls after the next turn-of-the-century. When calculations …

…The Examination Parity and Year 2000 Readiness for Financial Institutions Act requires federal financial regulatory agencies to offer seminars to financial institutions on the implications of the Year 2000 problem and tell them how to solve the common problems. It also extends authority to the Office of Thrift Supervision and the National Credit Union Administration to examine the operations of service corporations or other entities that perform services under contract for thrifts and credit unions (House, online, 1998)