Joint Release						
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency
Board of Governors of the Federal Reserve System
National Credit Union Administration
Office of Thrift Supervision


FOR IMMEDIATE RELEASE					    
January 1, 2000
NR 2000-1


Insured Financial Institutions Operating Normally
 Following Century Date Change

WASHINGTON, D.C. --  On the first day of the Year 2000, the nation's 
banks, thrifts and credit unions are conducting business as usual, 
federal regulators said.  No significant disruptions resulting from 
the century date change have been detected, the regulators added.

The Federal Deposit Insurance Corporation, the Federal Reserve Board, 
the Office of the Comptroller of the Currency, the Office of Thrift 
Supervision and the National Credit Union Administration are closely 
monitoring financial institution operating performance during the 
first week of the Year 2000.

The Federal Reserve reported that the nation's payment systems are 
functioning well and that currency supplies have been more than 
adequate to meet demand.  Credit cards, debit cards, checks and 
automated teller machines are all working normally.

For the past three years, federal financial institution regulators 
have overseen the efforts of banks, thrifts and credit unions as 
they prepared their computer systems for the Year 2000 century date 
change.

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Media Contacts:

FDIC:				Phil Battey (202) 898-6993
OCC:				Robert M. Garsson (202) 874-5770
Federal Reserve: 		Dave Skidmore (202) 452-3204
NCUA:			Bob Loftus (703) 518-6331
OTS: 				Patricia Cinelli (202) 906-6677