Throughout the country, the federal banking agencies have been working with state banking departments and local bankers associations in order to develop coordinated and comprehensive efforts to improve the local and regional programs intended to focus attention on the Year 2000.
These efforts will continue consistent with the requirements contained in the Examination Parity and Year 2000 Readiness for Financial Institutions Act (Public Law 105-164), enacted March 20, 1998, which call, in part, for the banking agencies to conduct seminars for depository institutions on the implications of the Y2K problem on their ability to conduct safe and sound operations.