Banking and thrift regulators warned Monday that trust departments must conduct separate reviews for year-2000 computer bugs.

In a letter sent to all banks and thrifts, regulators said specific areas of concern are: account and asset administration, third-party service providers, counterparties to financial deals, automated systems that make securities transfers and compute dividends, and client disclosures.

The Federal Financial Institutions Examination Council, the umbrella group for banking and thrift regulators, said fiduciaries must determine their exposure to year-2000 problems and take immediate steps to forestall loss or disruption.

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