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Survey Finds Growing Confidence About Y2K

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Nine out of 10 U.S. bank customers believe that the banking system is ready for the year 2000, and a majority believe there will probably be no problems with ATM machines, direct deposit payments or credit card systems, according to a survey by the Gallup Organization. The poll, sponsored by the Federal Reserve System and the Federal Deposit Insurance Corp., found less concern about the year 2000 problem among bank users since the last time the poll was conducted in March. Nearly two-thirds of those polled in October and November were either not too concerned or not concerned at all about the year 2000 computer glitch. That figure marked a turnaround from March, when a majority of people surveyed said they were very or somewhat concerned about the glitch. In the latest poll, nearly 40% said they would probably have some extra cash on hand, but most said they would take out less than $500.

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