The Federal Deposit Insurance Corp. announced Monday that 12% of the 6,034 banks it regulates have shown less than satisfactory progress in addressing their year-2000 computer issues.

Nearly 700 banks, or 11.5% of the state banks the FDIC oversees, got "needs improvement" ratings, which means an on-site review revealed they performed less than satisfactorily on one or more phases of their year-2000 plan. Forty-three banks were rated "unsatisfactory," meaning they managed at least one phase poorly. None of the banks were identified by name.

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