Regulators have brought formal actions against at least a dozen financial institutions they say have fallen behind in their year-2000 preparations.

The Office of the Comptroller of the Currency, which oversees about 2,600 institutions, has taken formal action against six banks and one service provider, said Daniel Stipano, the office's director of enforcement. Three other OCC-supervised banks are about to be charged for not being prepared, while three or four others, he said, are being closely monitored.

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