Capital Briefs: Senate Panel Sets Hearing on Year-2000 Woe

The Senate Banking Committee will hold a hearing today in Connecticut on the year-2000 computer problem.

Sen. Christopher J. Dodd, D-Conn., will preside over the 10 a.m. hearing in Room 310 of the State Capitol in Hartford. Scheduled witnesses include David M. Iacino, senior manager of BankBoston's millennium project, representatives of the insurance and hospital industries, and air safety officials.

On Friday, banking, thrift, and credit union regulators updated staff members of the Senate and House Banking committees on agency efforts to ensure that financial institutions are preparing to avert the year-2000 problem.

Separately, House Banking Committee Chairman Jim Leach scheduled a committee vote March 5 on his bill calling for an infusion of $18.5 billion into the International Monetary Fund's economic bailout fund. The Iowa Republican had planned to hold a vote in February but postponed it at the request of Democrats, a spokesman said.

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