The Federal Deposit Insurance Corp. is not gathering enough information from banks to precisely determine their readiness for year-2000 computer issues, according to a General Accounting Office report released Tuesday.

"We believe that neither the initial nor the follow-on assessment work program (undertaken by the FDIC) is collecting all the data needed to determine where the banks are in the year-2000 correction process," the GAO's Jack L. Brock told Senate Banking's financial services subcommittee. To remedy the problem, the GAO is suggesting the FDIC tell its examiners to ask banks a series of new questions.

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