SUMMARY: Pursuant to section 18(b) of the Y2K Act, Public Law 106-37,
113 Stat. 185 (1999), the Federal Deposit Insurance Corporation is
hereby designating Edward Silberhorn, Consumer Affairs Specialist,
Division of Compliance and Consumer Affairs, as the point of contact to
act as a liaison between the agency and insured state nonmember banks,
as well as foreign banks having an insured branch, which qualify as
small business concerns under the Act, with respect to problems arising
out of Y2K failures and compliance with Federal rules or regulations.
Mr. Silberhorn can be reached at (202) 942-3425.
FOR FURTHER INFORMATION CONTACT: Edward Silberhorn, Division of
Compliance and Consumer Affairs, Federal Deposit Insurance Corporation,
550 17th Street, NW, Washington, D.C. 20429; telephone number: (202)
SUPPLEMENTARY INFORMATION: The Y2K Act defines ``small business
concern'' as an unincorporated business, a partnership, corporation,
association, or organization, with fewer than 50 full-time employees.
In addition, the Y2K Act defines ``Y2K failure'' as failure by any
device or system (including any computer system and any microchip or
integrated circuit embedded in another device or product), or any
software, firmware, or other set or collection of processing
instructions to process, calculate, compare, sequence, display, store,
transmit, or receive Year-2000 date-related data. This definition
specifically includes failures to: (1) deal with or account for
transitions or comparisons from, into, and between the years 1999 and
2000 accurately; (2) recognize or process accurately any specific date
in 1999, 2000, or 2001; or (3) account accurately for the year 2000's
status as a leap year, including recognition and processing of the
correct date on February 29, 2000.
Small business concerns may contact the FDIC's small business
liaison, as set forth above, effective August 19, 1999, through
December 31, 2000.
In addition, as an alternative to contacting the FDIC's small
business liaison in Washington, D.C., small business concerns may
contact the following individuals in the Division of Compliance and
Consumer Affairs in the FDIC's Regional Offices with their questions:
Atlanta, GA--James F. Pilkington, Community Affairs Officer, at
Boston, MA--Shirley P. Parish, Community Affairs Officer, at 781-
Chicago, IL--Michael A. Frias, Community Affairs Officer, at 312-
Dallas, TX--Eloy A. Villafranca, Community Affairs Officer, at 972-
Kansas City, MO--Deanna S. Caldwell, Community Affairs Officer, at
Memphis, TN--David E. Wright, Community Affairs Officer, at 901-
New York, NY--Valerie J. Williams, Community Affairs Officer, at
San Francisco, CA--Linda D. Ortega, Community Affairs Officer, at
Dated at Washington, D.C., this 13th day of August, 1999.
Federal Deposit Insurance Corporation.
James D. LaPierre,
Deputy Executive Secretary.
[FR Doc. 99-21507 Filed 8-18-99; 8:45 am]
BILLING CODE 6714-01-P