The Federal Deposit Insurance Corp. might delay safety- and-soundness exams in 1999 and 2000 if year-2000-related bank failures exceed expectations.
According to the FDIC's proposed five-year strategic plan, the agency expects failures or near-failures linked to year-2000 computer problems to increase its work load.
The agency might need to shift employees-including examiners-from other divisions, the proposal states. Temporary and contract workers also might be hired, the FDIC said. The resulting shortage of examiners might require the agency to delay safety-and-soundness exams.
The deadline for submitting public comments on the proposed strategic plan is Aug. 10.