FDIC: Press Release (PR-26-99--5-21-99)


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JOINT RELEASE

FOR IMMEDIATE RELEASE
PR-26-99 (5-21-99)

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

The federal banking agencies announced today the execution of an Agreement with TransAlliance, L.P., Bellevue, Washington.

The Agreement addresses the Year 2000 readiness of TransAlliance's electronic funds transfer services.

A copy of the Agreement is attached. Agreement (418Kb - PDF file - PDF help or hard copy)

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Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's 10,461 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed.

Last Updated 07/14/1999

communications@fdic.gov