Chase Manhattan Corp. said Monday that it will spend $31 million more than expected to prepare its computerized data systems for the year-2000 date change. It is the second time in nine months that Chase has boosted such spending.

On Monday, Chase said it would spend $158 million this year on Y2K fixes, up from the previous estimate of $127 million. Last November, Chase increased its estimate of total Y2K expenses, including those made in previous years, to $363 million, from the $300 million it projected at the end of 1997.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.