Capital Briefs: Fed to Keep '99 Deposit Reporting Schedules

To avoid disturbing computer systems already set for the year-2000 change, the Federal Reserve Board said Thursday that it will not change its deposit reporting schedules this year.

Every September the Fed assigns financial institutions to annual, quarterly, or weekly reporting schedules, depending on their size.

But last year's assignments will be repeated this year. Changes will not be implemented until September 2000 so deposit data processing systems do not need to be altered, the Fed said.

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